How To Apply Consumer Durable Loan To Buy Smartphone Under Rs 30,000

By | June 21, 2017

Is 30,000 Your Budget but Pixel Your Style? Here’s a List of Phones under 30,000 in 2017 that You’ll Love Just as Much as the Pixel. Last year Google launched the Pixel smartphone with superior features and style.

However, the high-end smartphone, Google Pixel comes with a high price tag and you may not have the budget to purchase the same.

Top 5 best phone under 30000 in India 2017

But, there is no need to be disappointed. Here are five stylish smartphones offering premium features, which you could purchase under INR 30,000.

  1. OnePlus 3T

It has dual SIM slots with a 5.5-inch AMOLED display. The device comes with a storage space of 64 GB and 16 megapixels (MP) primary and secondary cameras.

Click here to check for Price in India.

  1. Moto X Force

This phone is available with a 5.4-inch AMOLED screen. The primary camera is 21MP while secondary camera is 5MP. The internal storage capacity of the phone is 32 GB.

Click here to check for Price in India.

  1. Xiaomi Mi 5

The phone has a 5.15-inch IPS display screen and comes with dual SIM slots. The internal storage capacity is 32GB with primary and secondary cameras of 16MP and 4MP respectively.

Click here to check for Price in India.

  1. Asus Zenfone 3

This Asus phone offers a 5.5-inch IPS+ screen with 64 GB storage space. In addition, it comes with dual SIM and the primary camera is 16MP while the secondary camera is 8MP.

Click here to check for Price in India.

  1. Samsung Galaxy A7

With 16 GB storage and dual SIM slots, the device is a good choice. It offers a 13-MP primary camera and 5-MP secondary camera, thereby enabling you to get some excellent shots.

Click here to check for Price in India.

What is a Consumer Durable Loan

If you are facing budget constraints, you could easily purchase your desired smartphone with a consumer durable loan. There are many reputed financial institutions like Capital First, who offers such loans with attractive features and benefits. It offers 0% interest, low down payments, no collateral requirement, instant loan approval and much more.

You may repay the loan in Equated Monthly Installments (EMIs) that are determined based on your financial situation and requirements. This means you will have no difficulties when you purchase a mobile on EMI.

Documents Require To Apply For a Consumer Durable Loan

The financial institution also requires minimal documentation. Here are three main documents you need to submit when you apply for a consumer durable loan in India:

  1. Cheque for your first EMI
  2. Know your customers (KYC) documents, which includes address and identity proof
  3. Repayment mandate

You may consider purchasing the phone using a credit card. However, the interest on credit cards is high, which makes your purchase expensive. Furthermore, even if you do not have a credit card, you may opt for a loan and easily buy your desired phone without a credit card.

If you are between 21 years and 65 years, you may avail of a consumer durable loan. Moreover, you may avail of a loan between INR 8,000 and INR 5 lakh. This enables you to buy your dream smartphone irrespective of its price tag. Therefore, do not hesitate anymore and apply for a consumer durable loan to simply get your desired phone.

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