6 Smart ways to Buy TV, Laptop on EMI Without a Credit Card in 2022

Laptop on EMI Without a Credit Card

Sometimes it becomes difficult to buy products with a down payment of the full amount at one go, in such cases you can pay the same in small installment at monthly intervals. This is called an EMI option of buying things. EMI schemes are where you can purchase the product and begin using it immediately, but pay the price over an extended period of time in installments. 

When you think of buying a TV, Laptop on EMI, the first option that comes to your mind is a credit card. However, using a credit card is not always the best option, and moreover, not everybody has access to credit cards. You can also buy the latest mobiles on EMI without credit card.

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How to buy TV, Laptop and other Gadgets on EMI without a credit card

Fortunately, there are quite a few options available in the market today that allow you to buy a TV, laptop on EMI without a credit card. These options include both online and offline modes that you can use and pay for your purchases in conveniently manageable monthly installments. Let’s have a look at how we can buy TV, Laptop and other Gadgets on EMI without a Credit Card

Lending technology platforms

Peer to peer lending, also known as P2P lending, is an alternate financing model that enables borrowers to get unsecured personal loans from individual lenders. P2P lending platforms can be a boon for borrowers who have a poor credit history and a low credit score. These borrowers are not eligible for loans from the formalised sector- banks/NBFCs. Peer-to-peer lending platforms can be really helpful for such borrowers.  A peer-to-peer lending platform is an unsecured loan provider, and does not require the borrower to pledge any security or collateral.

Chit funds are a pooled type of borrowing. People pool their resources and promise to make monthly payments. For example 25 people could create a chit fund with a duration of 25 months by contributing  Rs. 1000 every month. So, in every month there is Rs 25,000 accessible to the members. The money will then be offered to one of the 25 bidders, who will then bid. Let’s say someone bids Rs. 23,000 (meaning they will receive Rs. 23,000 out of the money) and then pay their monthly portion for the remainder of the period, returning Rs. 25,000. The profit is effectively an interest rate that is shared across everyone in the chit fund.        

The greatest choice for those without access to a credit card or any other financial options is The Money Club, which is an online digital chit fund platform. The entire application process is done online. The online chit fund platform enables members to pool their finances to raise money to make any purchases they see fit. Moreover, you get hassle free loans at very low interest when you really need it.

Get Hassle Free Loans with India’s 1st Digital Chit Fund Platform 

Debit card

Nearly all major banks today provide the option of EMI through their debit cards. You have the option of making offline retail purchases or making EMI purchases online using your debit card. If you already have a debit card issued by a bank that provides debit card EMI choices, you are not required to apply for the debit card EMI. Check to see if your bank offers that service.

How to apply

  • For offline purchases, you need to pay the full amount with your debit card. Then you must contact the customer care centre of your bank and ask them to convert the transaction into EMI.
  • You can use your bank’s debit card EMI when making online purchases from shopping websites like Amazon and Flipkart by selecting “Easy Installments” from the payment option drop-down menu.
  • You may also contact your bank’s customer care centre for the debit card EMI facility.

Amazon Pay EMI

Amazon, the online store, has also made available an EMI option without a credit card. At present, this facility is offered only to a few Amazon customers. You can check if you are eligible for the EMI offer and complete a one-time setup for the Amazon Pay EMI facility. The minimum purchase amount for this facility is Rs. 3,000 and can only be used with mobile devices. How to apply
  1. When signing into your Amazon account via the Amazon.in mobile app, you can see if you are one of the chosen consumers for the Amazon Pay EMI. If you are, then click the registration link for Amazon Pay EMI and fill out the form by providing the necessary details.
  2. After you enter the information, your profile will be reviewed, and the EMI limit will be established and shown on the following screen.
  3. After that, whenever you use the feature to make a purchase, you must accept the terms and conditions and link your bank account or debit card for the EMI installments.
  4. Choose the Amazon Pay EMI option and finish the payment when making the order.

Post Dated Cheques

Few offline stores provide the option of EMI through post-dated cheques to their customers. Those customers who wish to take advantage of this must present postdated, signed cheques along with a few other supporting papers. You need a bank account and enough cheques to submit to the shop in order to use post-dated cheques.
How to apply
  1. Few offline retailers offer the facility of EMI without a credit card through post-dated cheques on specific products. You need to submit the required number of post-dated cheques along with the list of basic documents to avail the EMI offers.
  2. On their due date, the retailer will deposit the cheques and thus your bank account will be debited every month until the entire purchase amount is repaid. You will be charged a small amount of interest by the retailer to avail this facility.

Buy latest smartphone today on EMI without credit card

EMI Cards

EMI cards allow you to buy TV, Laptop on EMI using a pre-approved interest free loan. EMI cards offer No Cost EMIs, which means you don’t have to pay any interest. You just pay the cost of the product you purchased in installments, without interest being charged. On the other hand, credit cards charge high interest rates on the cost of the product. There are several companies that offer these EMI cards with the help of which you can buy anything from the latest smartphones to the televisions, to fashion and groceries all on EMI without a credit card. ZestMoney Although there are many companies that give loans, a very popular company is ZestMoney. ZestMoney is a completely digital, easy to use & transparent platform to make your shopping more affordable. Simply choose your TV, laptop from any of the partner stores like Amazon, Flipkart, Paytm, Croma, Mi etc. and pay using ZestMoney EMI. It is very easy to get a loan from here. There are some basic steps that have to be followed. ZestMoney offers loans for three months, six months and more. If you take a loan for three or six months, then no interest is to be paid. In such a situation, a loan is available at 0% interest rate. But if you take a loan for a longer period than this, some interest has to be paid. How to buy a TV, Laptop on EMI Without a Credit Card with ZestMoney?
  1. Signup for ZestMoney credit limit for which you need to just verify your mobile number.
  2. Fill in your profile, submit the required KYC documents and set up your repayment to activate your credit limit.
  3. Select ZestMoney EMI as your payment method at preferred partner, you can choose the EMI plan as per your convenience.
  4. Your EMI plan will be approved and your order will be placed successfully. Your product will be delivered to you as per the partner’s delivery policy.

Best ways to borrow money for all your needs.

Consumer Durable Loan

Finance companies like Bajaj Finserv, Tata Capital, CapFirst, and Home Credit offer consumer durable loans, which could help you buy your TV, laptop on EMI without a credit card. You can shop for your favorite TV or laptop at one of the partner outlets and apply for the loan at the bill counter or apply for it online on their website. Documentation is minimal. If your documents are approved, you can walk out with your dream TV, laptop or whatever the very same day!

With Tata Capital’s consumer durable loans, you can purchase the newest LED TVs, smart TVs, and home theaters on easy EMIs. To be eligible for a consumer durable loan from Tata Capital, you need to fulfill the following age requirements. The eligibility criteria for consumer durable loan are mentioned below.

Salaried employees: Age between 21 and 60 years

Self-employed: Age between 21 and 65 years

Salaried and self-employed applicants can avail a loan ranging from Rs. 10,000 to Rs. 5 lakhs. The repayment tenure can range from 6 months to 24 months.

Join the Money Club and buy your gadgets on EMI without credit card    

List of documents required:

  • Proof of identity and residence
  • One cancelled cheque
  • One recent passport-size photo
  •  An ECS mandate that has been signed by the applicant
  • A security cheque that’s non-dated, with the loan amount filled in, given in favor of TCFS


We have discussed the various ways in which you can buy the things you dream for in easy EMIs. Use these 6 Smart ways to buy TV, Laptop on EMI Without a Credit Card in 2022.