Mobile Loan

                                                     Mobile Loan

You can now buy a mobile on EMI without a credit card with Money Tap's mobile loan instantly.

How to Buy a Mobile on EMI Without Credit Card?

When you think about buying something on EMI, the first option that comes to mind is a credit card. However, not everyone has access to credit cards

Luckily, there are numerous other financial products available these days for purchasing a mobile on loan without credit card.

You can get a loan through a bank, financial institution or even an app on your phone to buy mobile on EMI amount of your choice. With app-based loans through MoneyTap, you can be approved for personal line of credit that’s both flexible and convenient.

You can use this credit line for large purchases such as mobiles, and convert your purchase amount to EMIs of your choice right through the app. You also get a credit card with your loan approval for both online and offline purchases!

Eligibility Criteria

• Must be a full-time salaried employee with a minimum take-home salary of ₹ 30,000/month

  OR

  Must be a self-employed professional with an income of at least ₹ 30,000/month.

  (Only certain professionals like doctors, lawyers, or business owners qualify)
• Must be above 23 years and below 55 years of age

Reasons you are here

• Need to update your old mobile
• Want a high-end model that’s out of your budget
• Lost your expensive mobile and can’t afford to replace it at this moment
• Used the money you’ve been saving up so far to buy a phone, on other purchases
• Phone malfunctioned after being out of warranty

With the connected lives, we lead today, cell phones have become more of a necessity. Right from basic uses to more advanced features like GPS navigation, high-resolution cameras, and advanced processors; mobiles phones have become an integral part of our daily life and they often come with a hefty price tag.

This is where you can let Money Tap make life easier for you with its personal loan offered to you as a line of credit .

Why Use Money Tap's Credit Line to buy mobile on EMI?

• An affordable option as a phone loan that will meet your needs without burning a hole in your pocket.
• Higher chance of getting approved for a higher amount.
• Lets you save on interest rates and allows you to repay on your own terms.
• Choice of withdrawing as per your needs or swiping as a credit card.
• Freedom to pay interest on the amount used and not the entire amount approved.