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9 Things To Consider When Buying Oppo Phone On EMI

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Oppo Phone On EMI

If you think an EMI is only available for homes, expensive cars and electronic appliances, then you will be glad to know that this isn’t always the case anymore. You can still buy various products, including smartphones using EMI options if you do not have a debit or credit card. 

However, a few things to consider when buying a smartphone on EMI in India. The first is to ensure that the android phone is compatible with your carrier. The second is to check the interest rate and terms of the EMI plan. The third is to make sure that you can afford the monthly payments.

Listed below are 9 important things you should consider when buying an Oppo phone on EMI

Interest Rate and Terms

The first thing to consider when buying Oppo phones on EMI in India is the interest rate and terms of the EMI plan. Interest rates will vary depending on the lender and the plan’s terms. 

Therefore, comparing interest rates and terms is important before signing up for an EMI plan. The best option would be to use the Bajaj Mall, which provides its Bajaj Finserv EMI card customers with No Cost EMI options.

Monthly Payments

When buying Oppo phones on EMI in India, the second thing to consider is making sure you can afford the monthly payments. EMI plans typically have a minimum monthly payment. If you cannot afford the minimum payment, you may want to consider a different financing option.

Down Payment

The down payment is the third thing to consider when buying a phone on EMI in India. Most EMI plans require a down payment. The down payment is typically a percentage of the phone’s total cost. 

Early Termination Fees

Many EMI plans have early termination fees that are charged if you cancel the plan before the end of the term. These fees can be expensive, so it is important to know the lender’s terms and conditions before buying Oppo phones on EMI in India. 

Also Read : Some Common Reasons Why your Mobile Phones Battery is Draining Fast

Insurance

Insurance is also one of the most important things to consider when buying a phone on EMI in India. Some EMI plans include insurance, while others do not. It may be a good idea to check whether adding insurance to your Oppo phones would not affect the monthly EMI. 

There are a few different types of insurance that you can get for your phone. The most common is probably handset insurance. This type of insurance will cover your phone if it is stolen, damaged, or lost. It is important to note that not all handset insurance policies are created equal. 

Repayment Schedule

It is important to note that the repayment schedule will have an impact on the total cost of the phone, as well as the monthly installment. Therefore, the repayment schedule is one of the most important factors when choosing an android phone on EMI.

Hidden Fees

When you buy a phone on EMI in India, there are a few hidden fees that you should be aware of. These fees can add up and cost you more than you expected. In addition, some lenders charge hidden fees for EMI plans. These include activation fees, early termination fees, and monthly service charges.

Also Read : 7 Reasons Why Low Budget Smartphones Are Best

Contract Length

When buying a phone on EMI in India, you must consider the length of the EMI contract you are signing. Most EMI plans have a contract length of one year. Therefore, you will be required to make monthly payments for two years. In addition, if you cancel the plan before the end of the contract, you may be charged early termination fees.

Latest Offers

It is important to remember that some lenders or financial institutions run exciting offers on various Oppo phones during the festive season. Keeping an eye on this offer can help you to decide who is offering the best offer for you, so you should keep track of them.

Take advantage of Bajaj Finserv’s EMI Network Card to buy your favorite Oppo phones at the best price. The Bajaj Mall is also offering the best price on Oppo smartphones on No Cost EMI to get the phone at an affordable price. 

You can easily make all kinds of online purchases from Bajaj Mall, and you will not find a better online shopping platform than this one. You can now purchase a latest phone hassle-free on No Cost EMIs if you are a new or registered user of an EMI Network Card. 

Digital card that provide a pre-approved loan of Rs. 4 l which allows you to pay the amount of the latest phone in installments rather than making one large payment upfront.

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