PlayStation is the most popular console in the gaming world. Everyone wants to own this console. But its price is a bit high which makes it difficult for everyone to buy it in cash. This is the reason why nowadays people prefer to take the EMI option. EMI means that you don’t pay the entire amount at once but start paying in small installments. But before taking EMI, you should know whether you are paying extra interest or not. In my guide, we will tell you how to buy PlayStation five on EMI without extra interest. You will also know which cards and stores are best, and how to manage EMI smartly.
How to Buy PlayStation five EMI
First, let’s talk about how easy it is to buy PlayStation 5 on EMI. Nowadays many companies and banks offer their own credit cards and EMI cards which make shopping easier. When you buy PlayStation 5 online or from an offline store, you are given an EMI option. All you have to do is check your card limit. Each card has its own maximum limit within which you can avail EMI plan.
You should also check whether your card supports no-cost EMI or not. If this happens, you will not have to pay additional interest. Most banks and stores offer no-cost EMIs where only the principal cost of the product is paid in monthly installments.
What is the benefit of Cost EMI?
No Cost EMI is a plan where you don’t have to pay any extra interest. This means you only pay monthly for what you have purchased. You don’t need to pay any processing fees or additional charges. This option is very beneficial for those who want to buy things within their budget.
To get no-cost EMI, you should understand the terms of your card well. Every bank has its own EMI plans which are for different tenures. These can range from 3 months to 24 months. When you choose an EMI plan, keep your budget in mind and choose a plan that you can comfortably afford.
PlayStation : Best Stores and Websites to Buy
If you want to buy PlayStation 5 on EMI then first of all you should buy it from good and trusted stores. Some popular and trusted stores that you can trust are:
- Flipkart: You get several types of EMI options on Flipkart. This store is trusted and here you also get no cost EMI. Flipkart’s EMI calculator also helps you understand your plan.
- Amazon: Amazon is very popular in India. Here it is easy for you to buy PlayStation 5 on EMI. Amazon has tied up with several banks that offer no-cost EMIs.
- Chromium: Chroma is a large network of electronics. You can buy PlayStation 5 on EMI by visiting an offline store. EMI plans are also available here which are flexible for you.
- Reliance Digital: Reliance Digital also offers both online and offline EMI options. You can easily shop here and opt for a no-cost EMI plan.
At these stores, you are shown the option to buy on EMI on the product page. You just have to select your card and choose the EMI tenure. Then you can bring the PlayStation 5 home after placing the order.
How to choose an EMI plan?
Choosing an EMI plan is very important.. So always keep in mind your budget and ability to pay.
- The first thing you should look at is how many months you can afford to pay. Taking more months lowers the monthly installment, but the total payment can be higher.
- The second thing is how much you have to pay each month. Choose the EMI according to your income and expenses.
- Are there any processing fees in the plan? Some banks or stores charge a small fee. These are the hidden charges that make the plan expensive.
- Is your credit card eligible for this plan? Each card has its own EMI scheme.
Check all these things thoroughly before taking the EMI plan. The more research you do, the more you’ll save.
How to manage EMI payment?
The most important thing after taking EMI is to pay on time. If the payment is late, you have to pay a penalty and your credit score may also drop. Hence timely payment is very important.
- You can set the EMI date in your mobile calendar.
- You get alerts from the bank reminding you about the payment.
- You can also set reminders using voice assistants like Google Assistant or Siri.
- If you activate the auto-debit option, the payment is automatic. This is the safest method.
If you follow these small tips then you will never face any problem in EMI payment.
How to use EMI wisely?
If used correctly, taking EMIs can reduce financial stress. Never take excessive EMIs. Make a plan after considering your income and expenses.
- Make a budget and don’t overspend.
- With EMI, maintain your savings too.
- Keep a separate payment account where there is money for EMI only.
- If an EMI plan is not zero interest then avoid it.
Using Smart EMI keeps you away from financial stress.
The result
These days it has been made very simple and convenient to buy a PlayStation 5 in EMI. The best option is to opt for the one with no extra costs in the form of EMI in which you will not be paying any extra interest coupled with some hidden charges. Before you buy, it is highly important to know thoroughly the terms and condition of your credit/Emi card. Whenever you are buying stuff, always do it in trustworthy and guaranteed shops to eliminate inconvenience in future. You are expected to choose an EMI plan which you are comfortable and comfortably able to pay each and every month.
It is always important that you make your EMI payment at the right time so as to avoid late fees or penalties. To make this less challenging, you can create payment reminders on your phone or even set the auto-debit on your bank account and avoid paying extra fines and experiencing anxiety. When you are buying the PS5 and investing in a sound EMI plan and managing it properly, not only will it be affordable but also an effortless process where you will not have to worry about money to enjoy your games.