Nowadays buying a mobile phone has become a necessity. Every person wants to have a new and smart phones. But the rates of mobile phones are increasing day by day. In such a situation, not everyone can pay the full amount at the same time. Here the option of EMI i.e. Easy Monthly Installment proves to be very helpful. This way your budget does not get spoiled. Most of the banks provide EMI options to their credit card holders. Many banks in Pakistan have launched EMI plans. The plans of these banks are flexible, affordable and easy. If you also want to buy Mobile Phones on EMI then this article is for you. Here we will mention eight such top banks which provide you EMI facility on mobile phones.
Banks – Easy EMI Plans for every Budget
Habib Bank is a big and old bank of Pakistan. This bank is quite famous for its EMI plans. You get flexible options in HBL EMI plans. You can choose a plan of 3, 6, 9, and 12 months. The EMI process of HBL is very simple.
HBL also offers 0% markup. Monthly payment is fixed and there are no hidden charges. Everything is managed online through HBL’s app and website.
The approval process is also fast. HBL’s customer service is also very strong
MCB Bank Flexible Tenure
MCB (Muslim Commercial Banks) is also a leading banks in Pakistan. This banks has also launched EMI service which is very convenient. The biggest advantage of this plan is that it offers 0% markup. You can take a plan of 3, 6, 9, and 12 months. This plan is best for those people who are on fixed income. You can make monthly payments as per your budget. The EMI process is paperless. There is either no processing fee or it is very less. MCB EMI plan is available at selected brands and outlets. You also have the option to apply by sending an SMS or making a call.
Flexible Tenure Options:
You can take an EMI plan for 3, 6, 9 or 12 months. Monthly payment easily fits in the budget. This plan is best for the salary class.
• Easy and Paperless Process:
You just have to fill a simple form. No extra documents are needed, no lengthy process. Everything is done online or over the phone.
• Low Zero and Processing Fee:
There is no processing fee in these offers. This makes the EMI plan even more affordable.
• Multiple Apply Options:
You can apply through SMS, call or online banking. You can also check EMI status through the MCB app. Full control is in your hands.
UBL Bank – 0% Markup and Instant Approval
UBL (United Banks Limited) also offers EMI plans on mobile phones. This banks plan is also only for UBL credit card holders. The biggest plus point of UBL is its 0% markup offer. Meaning the EMI will be as much as the price of the phones. There will be no extra charge. EMI plans are available for 3 to 12 months. The approval process is fast and you do not have to wait. Whether you are buying a mobile phones for yourself or as a gift, UBL’s EMI plan is a great option. UBL’s EMI facility is linked with selected retailers and online shops. You can apply on your phone through UBL’s website or app. The customer support of this bank is also strong. Help is available for any issue.
Bank Alfalah – Alfa Mall to Zaire Online EMI
Bank Alfalah has introduced EMI plans on mobile phones through Alfa Mall. Alfa Mall is an online platform from where you can buy different products on installment. Different offers are available for phones. If you’re planning to buy a mobile phones, Banks Alfalah credit card holders can choose the EMI plan by logging in to Alfa Mall. You have to choose the phones, take the plan and pay the EMI every month. 0% markup offers are also available regularly. Samsung, iPhone, Infini and many other phones are available on Alfa Mall. Tracking EMI online is easy. You do not have to do any paperwork. Everything can be managed through the Alfa App.
Faysal Bank – Smart Installment Plan for Mobiles
Faysal Bank also offers credit card EMI service. If you have a Faysal Bank credit card, you can easily buy a mobile phones on EMI. This bank’s Smart Installment Plan is very user-friendly. You can choose the monthly payment plan yourself. Markup is also reasonable. Sometimes a 0% markup offer is also available. Phones are available from selected partners and retailers. EMI process is fast and easy. Faysal Bank’s app and helpline are both active. You can easily check the application and approval status. Faysal Bank has a very large customer base and the service quality is also good.
Standard Chartered Bank – Insta Buy EMI Service
Standard Chartered offers Intaba EMI service in Pakistan. Its process is very fast and smooth. You just have to make the transaction with your Standard Chartered credit card. Whether you’re purchasing a mobile phones or any other product, later you can choose the EMI plan. EMI plans range from 3 to 12 months. Standard Charterer’s mobile app and SMS alert system remains active. You get updates on every transaction. This plan is best for those who want quick and hassle-free EMI.
Meezan Bank – Shariah Compliant Halal EMI Plans
This bank offers only halal and Shariah-compliant products. Meezan has also launched a halal EMI plan for mobile phones financing. This plan is interest-free and follows the rules of Islamic financing. You can buy it from approved vendors of Phone Meezan. Monthly installment is fixed. The application process is fast. You can apply at Meezan’s branches and website. You only need basic documents. In this plan, you get the peace and comfort of halal financing.
Askari Bank – Fast EMI Plans for Everyone
Askari Bank is the greatest EMI choice on mobile phones. This plan is for both new and existing customers. You can buy selected phones on EMI through Askari credit card. The tenure of EMI is 3 to 12 months. Phone brands and models are available in a wide range. The EMI process is also done online. You can track it through the Askari app. Approval is fast and there is no extra paperwork. Askari Bank’s EMI plan is a good option for students, job holders and small business people.
Key Features:
• Fast Approval aur Simple Process:
The tenure of EMI is from 3 to 12 months. There is less paperwork and approval is received quickly. You can apply and track it through the Askari app.
• Wide Range aur Easy Access:
A good variety of Mobile Phones brands and models are available. Students, job holders, and small business owners can take advantage of this plan.
Conclusion
Mobile phones have become a necessity for everyone. But not everyone has cash available. EMI plans give you the opportunity to buy a mobile phone easily. You can enjoy a new mobile phone by paying a little every month. Top banks of Pakistan have made this process very simple and user-friendly. Banks like HBL, MCB, UBL and Bank Alfalah offer the best EMI plans for a mobile phone. The process of Faysal Bank, Standard Chartered and Askari Bank is also fast. Meezan Bank offers a unique option through halal EMI plan for mobile phone financing. Before choosing an EMI plan, you must calculate your income and monthly budget. It is easy to apply through websites and apps.