Why pay a lumpsum amount for your new phone when you can pay in easy monthly instalments?

Get a mobile phone on EMIs with Home Credit today! Use our easy mobile EMI calculator to understand how much and how many monthly instalments you will be required to pay.

To use it:

The EMI calculator will then display the estimated EMIs you will need to pay. Please note that the interest rates are indicative, and actual calculations may vary. The interest rate may also differ from product to product.

Estimate your Mobile Phone EMIs

Frequently Asked Questions

What is a smartphone EMI Calculator?

A phone EMI calculator estimates how much money you will need to pay in your monthly instalments towards purchasing a mobile phone. Using an EMI calculator for mobile purchases will let you plan your finances in a way that lets you make easy, convenient payments.

Can the EMI amount vary from what I calculated here?

The EMI calculator display the estimated EMIs you will need to pay. Please note that the interest rates are indicative, and actual calculations may vary. The interest rate may also differ from product to product.

How do I calculate my EMIs using a mobile loan calculator?

To use the EMI mobile calculator, you will need to enter the below information:

  • - Loan Principal Amount – This is the amount that you borrow - Rate of Interest
  • – The rate of interest that will be levied on the principal amount
  • - Loan Tenure – This indicates how long you will need to repay the loan – for example, 6 months, 1 year and so on.

You can set the amounts by either entering them manually or using the ‘+’ and ‘-‘ symbols. Once you have done this, the mobile EMI calculator online will quickly calculate how much EMI you will need to pay every month.

What are the benefits of buying a mobile phone on EMI with Home Credit?

When you buy a phone on EMI with Home Credit, you minimize your immediate financial burden. You can walk away from our Partner Store or shop online for your brand new gadget while distributing the cost of the purchase over a period of time. You can also avail of a better, newer model, even though it may be more expensive since you do not have the pressing burden of paying the entire amount upfront. With Home Credit, there is minimal documentation required, and instant approvals, even though you are a first-time borrower or have a low credit score.

How do I pay off my loan?

For more information on 'How to pay your EMIs', click here

Will my EMIs be affected by the loan tenure?

Yes, the tenure is inversely proportional to the EMI. In other words, the longer the loan tenure, the lower will be the EMI value. The value of your EMI will increase on a shorter tenure.

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