We are now SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)
Published on Dec 24, 2020Updated on Aug 9, 2022
Your mobile phone helps you in having the world at your fingertips-quite literally! It offers you features of multiple devices all rolled into one. Occasionally, you might want to consider replacing your phone for an updated version that suits your growing requirements. While swiping your credit card to purchase a phone you might have wondered- can I finance my purchase with a value for money source of finance? Yes, you can. This is how you can consider purchasing a phone without using your credit card.
A personal loan can help you realise your dream of owning the phone of your dreams. Lending institutions have not laid down a cap for which one can avail a personal loan as long as the funds are used for a legitimate purpose. Opting for a loan to finance the purchase will help in breaking down the expenses of your purchase ensuring that it does not carve a dent in your pocket.
The advantages of opting for a loan for mobile purchase are as follows:
Must Read: How to Apply For a Personal Loan using Fullerton's Instaloan App?
The basic criteria to apply for a loan is as follows:
The different types of personal loans you can consider opting for are as follows:
Must Read: How to Get a Personal Loan if you have Low Salary?
The steps in applying for a personal loan to purchase a mobile phone are as follows:
Opting for a mobile loan might not be the right option for everybody. However, if you do decide to opt for one, make sure to honour your loan instalments to ensure that you continue to maintain a healthy credit score in the future.
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*Terms and Conditions apply. Loans are disbursed at the discretion of Fullerton India.