These days there is a new mobile being launched every other day. Consumers have wide-ranging options when it comes to choosing a mobile phone with impressive specs, at economical rates. Therefore, people tend to change their phones too often since they only want the best mobiles in the market.
Moreover, zero down payment mobile phones are making it easier than ever to afford smartphones without burning a hole in your pocket.
If you are thinking of getting a new mobile phone on zero down payment, then there are certain things that you need to keep in mind to make the best of these schemes.
No-Cost EMI’s
No-cost EMI’s are one of the best ways you can buy a mobile phone at zero down payment. Where traditional EMI plans let you buy a phone at zero down payment as well, the interest rates that follow, quickly make it a highly costly affair. On the other hand, a no cost emi means in your plan lets you buy the same mobile at zero interest allowing you to save a lot on money that would otherwise have been spent on interest alone.
Compare Online Stores
Online stores are the best way of getting your hands on some really cool deals that you are unlikely to find anywhere else. Look for offers during festivals, or when a new phone is about to be launched, as they are the best times to get your hands on that latest smartphone without spending a bomb. Moreover, you can also opt for EMI schemes offered by various banks as well as the platforms as well, with buy now pay later schemes where you are entitled to some credit.
Compare Lenders
If you are choosing to buy a mobile at zero down payment, it’s important to check out various lenders to see which ones are offering the best rates on their EMI schemes. This is important so that you can make an informed decision and opt for a loan that’s customized as per the repayment amount and period you can afford.
Using your Credit Card
Credit cards are one of the best ways of converting high-value purchases into easier to pay off EMIs in the form of a fixed amount that you pay every month to pay off the debt. With the fall in pos machine price, almost every retail outlet; big or small, has a pos payment machine that can help you swipe your card and convert the amount into easy EMI.
As you can see, there are a lot many ways you can choose to get your hands on the latest smartphones at zero down payment. All you need to do is choose one that suits your pocket and isn’t hard on your finances. Therefore, as a consumer, you must always do your research, compare and then choose a smartphone, a lender, and a plan that offers you the best deal you can imagine.
Zero down payment schemes are all the fad now and made it easy to buy a new phone even if you don’t necessarily have the finances to afford such a purchase. So, if you have been eyeing that mobile for quite some time now, it’s time to get that dream gadget and show it off to the world!
