How to Buy A New Smartphone on EMI Using Citibank ATM Card

It so happens many a time that you wish to buy a new smartphone or an electronic product and do not have enough of funds to pay in full. Now if you have a credit card, you can buy your phone on EMI, but if you don't have one, can you still buy it on EMI?, Yes you can!

Most people are not aware that they can avail an EMI facility with Citibank debit card. If you are one of them, you should know that you can buy a range of products including your favourite smartphone on easily repayable EMIs using your debit card.

Tech-giants in the industry are unlocking new possibilities in terms of helping people in getting easy short-term and long-term credit facilities using certain online platforms.

These platforms provide loans on your savings account or debit cards and charge a certain percentage of interest on the same. Some examples of such platforms are Finomena, ZestMoney, EMI Bazaar and Fastbanking (now Kissht).

Process of Using EMI Facility

First of all, you have to buy the product from the website of your chosen online EMI facility provider or one of their partner outlets.
If you meet all the pre-conditions, your purchase will be converted into an EMI purchase.
The amount of EMI will depend on the tenure of the loan as agreed upon and the rate of interest applicable on it.
For the loan to be approved, you need to sign up on the EMI service provider's website and submit your KYC documents such as PAN card and Aadhar card.
Once your application is accepted, you can pay the minimum down payment and pay the rest in EMIs.
The status of the whole process can be tracked online.

Loans can be obtained from these online lending platforms in a quick and easy way on a range of products such as jewellery, electronic items, smartphones, and more.

Select from the best credit cards - Apply here!

Eligibility for Citibank EMI on Debit Card

All you need is your Citibank debit card.
The minimum age to apply for the facility is 18 years.
Your creditworthiness is judged upon your past payment history, income, consistency of income, your existing loans, and other parameters.

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score

Disclaimer

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Explore More:

Credit Card:

Credit Score:

Personal Loan:

Home Loan:

Fixed Deposit:

Calculator:

Learn More:

Others:

Mobile Apps:

support[at]bankbazaar[dot]com