123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Ease Of Taking Home Appliances On Installments

Profile Picture
By Author: Meenal Wahi
Total Articles: 15
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Spending on Home Appliances surely digs a hole in your pocket and especially salaried people avoid to invest a hefty amount in one go due to money management, savings for contingencies and pre-planned mandatory expenses! Well, if you are searching for a good financial plan for buying a new home appliance, then your saviour is already there! Paying in instalments or EMI (Equated Monthly Instalments) is the best available solution for you, wherein you can take a Home Appliance loan and have to pay a fixed amount of money in periodic intervals on a particular date of the month.
An EMI plan is calculated on the basis of certain parameters such as the price of product, loan amount, tenure and processing fee (if applicable).
Let’s understand and know the process, as well as the benefits of purchasing Home Appliances in Instalments:

Lower interest rates & Pre-closure perks:

Several banks and non-banking financial companies are competing with each other by providing loans at the lowest rate of interest to customers. The interest percentage normally ranges between 1.25-1.99 and to our surprise some companies are offering home appliances loan in smartphone insurance. as well. Whereas, if you purchase a home appliance by your credit card or by personally taking a loan, then you end up paying an interest rate which starts with 3% on the credit cards and 5-8% or even higher on other personal loans.
You can even repay the outstanding loan amount before the loan tenure expires and this is called Pre-closure. Many popular financial companies are providing this facility wherein no extra charges are involved as a fee when you chose to pre-close your loan by paying off your liability in one go.

When you are looking for adding some spice of entertainment to your living room, just take a loan and buy the latest LED TV on EMI and simply pay in parts without feeling any financial burden at all.

Summers are hitting hard and cold water, ice cubes, ice-cream, fresh fruits, juices and coolers are what we long for! Buy a bigger refrigerator on Emi without credit card and enjoy relaxed summers this season.

The thought of stepping out of your home in the scorching heat of the sun and hot breeze surely threatens all of us, and we search for shelters and hideouts to keep ourselves cool. Do not hesitate to buy an AC for your home as you can now buy the latest one on instalments and pay in parts easily.

It is a home appliance which is a must-have for every home, as we all expect quick work without any manual efforts in today’s busy time. Various washing machines are available with latest features as per our needs, but they also come with a hefty price amount attached to it. Now you can make your life easy by purchasing washing machine on Emi.


The first task of buying anything on instalments is to find out how much money you can spare out of your earnings every month to pay for EMI. Next step would be to search for the right appliance with features that best suits your needs and then find the loan provider offering the least rate of interest. Further, all you need to do is just apply for the loan by signing the deal and providing necessary documents as proof of your identity and address and get it processed to buy your favourite commodity!

So don’t think much, just go ahead and bring new happiness to your home.

More About the Author

Meenal Wahi is involved in finance and loan management for over 6 years. She also likes to provide loan and finance tips to people who are interested in home appliance loan, 0 present Mobile finance, SmartPhone Insurance and laptop loan on 0 interest EMI. For more info about finance and loan, please visit: https://www.homecredit.co.in/

Total Views: 123Word Count: 599See All articles From Author

Add Comment

Investing / Finance Articles

1. Overcome Your Financial Expenses With Car Title Loans
Author: Ethan Carter

2. Student Loan Scams And How You Can Save Yourself From Being A Victim Of One
Author: Alex Miller

3. The 6 Cryptocurrency Exchanges In India Which Can Be The Saviour Of The Economy
Author: coinbreze

4. Sbi Has Launched New Product On Real Estate Finance
Author: Stock Investor

5. Distribution Days: How To Track Market Weakness In A Confirmed Uptrend
Author: Marketsmith India

6. Expert Views On Gold And Silver Prices
Author: Stock Investor

7. How To Spot A Bullish Base-on-base Chart Pattern
Author: Marketsmith India

8. Busting The Investing Myth That Penny Stocks Can Lead To Marvellous Riches
Author: Marketsmith India

9. How Does Merchant Cash Advance Work For A Small Business?
Author: Sara Bond

10. Direct Lender Loans: Expensive But Efficient & Easy
Author: Novlik Nisudan

11. What Is The Similarity Between Teabag And Mutual Fund Investment Bag?
Author: Deep Gajbe

12. Apply For An Unsecured Business Loan & Fulfill Business Goal Or Requirement.
Author: sana poonawalla

13. Federal Bank Shyam Srinivasan About Current Environment
Author: Stock Investor

14. Granting Your Personal Loan- Reasons You Might Need!
Author: Sumit Dahiya

15. How To Apply For A Personal Loan – A Step By Step Guide:
Author: John Judge

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: