How to buy a smartphone on EMI in India without a credit card

On: September 11, 2018

Premium smartphones like the iPhone X and Samsung Galaxy Note 9 have boldly crossed the Rs 70,000 line, and even affordable flagships like the OnePlus 6 have encroached upon the Rs 35,000 territory. Most buyers often feel burdened while paying the entire amount at a single go. Unlike the US, credit card penetration in India is low, and this means buyers won’t be able to use the EMI facility offered by banks. Add to this, carrier bundled offerings are a rarity and thus one cannot expect any subsidies from telecom operators either.

Fret not, as in this article we will take you through a couple of ways to get EMIs for your smartphone purchases without the need to have a credit card.

1.Bajaj Finserv


Bajaj Finserv is a zero-cost EMI option available for all consumer electronic goods. The service is heavily advertised by offline retail shops. In fact, in order to get a Bajaj Finserv EMI card, your first purchase needs to be made at an authorised offline retail store. The number of EMIs offered for every product is different, and the upper limit of your Bajaj Finserv card is decided by your credit-worthiness.


  • Zero Interest levied on EMIs
  • Can be used for both offline and online purchases
  • Supported by Flipkart


  • Unless you are a Bajaj Finserv customer, the first transaction should compulsorily happen at an offline retail store. To find a list of Bajaj Finserv approved outlets in your city check this link
  • The online dashboard to view your repayments is not up to the mark
  • EMIs cannot always be availed on full price; down payment is mandatory on some products


ZestMoney is one of the easiest ways to get EMI’s without a credit card. One needs to add all their details including the usual KYC and employment details. Once done, you can head over to merchant sites and use ZestMoney as the payment option. Here, you can choose the EMI tenure, and the processing fee along with the interest will also be displayed. ZestMoney has tied up with merchants like Amazon, Flipkart, Mi, Zefo and Sangeetha for mobile phone purchases.


  • User interface is slick and perhaps one of the best
  • Lets you verify via Truecaller
  • 0% EMI on select e-commerce sites and products
  • No downpayment


  • Income proof compulsory
  • Need to upload documents everytime you want to purchase


Kissht in Hindi means ‘installment’, and the name can’t be more apt than this. Kissht is available as an app and also in a webpage form. The user interface on the app is pretty intuitive to use. One needs to upload all the relevant documents, post which they will be given a virtual EMI card. That being said, in order to purchase anything on EMI you need to open the respective sites through the Kissht app and this in itself is not seamless. Apart from smartphones and other consumer electronics, Kissht also offers personal loans. Repayment is via auto-debit, ECS, PDC and the interests rate start from 0 percent (depends on products and merchant.) The new EMI card seems like an interesting proposition, however the whole documentation process is cumbersome as opposed to Zestmoney.


  • All ecommerce destinations in one place.
  • Flexible rate of interest.
  • Tie-ups with merchants like Flipkart and Amazon.


  • Processing fee is usually on the higher side
  • Web store interface is sluggish
  • Exchange offers cannot be availed

4.Flipkart EMI on Debit card


Flipkart is offering a new payment option wherein the EMI amount will be debited from your bank account on a monthly basis. This feature is available for select customers. The biggest downside is that the scheme is currently available only for HDFC Bank customers. If you don’t see this option activated for your account, head over to HDFC bank and enquire about the same. You can also visit this link and check out the details.


  • Easy processing
  • No need to cough up exorbitant interest
  • Seamless integration with the Flipkart app


  • Available for only HDFC Bank users at the moment
  • Not all products are available under this payment method


Snapmint is a pretty straightforward service that allows you to convert your purchase into EMIs. It is supported on Flipkart, Amazon, Urban Ladder and Samsung. Snapmint is also offering 0% interest if you choose a three-month EMI. To enable this, choose a product from the online store and paste the product URL and product value, and the service will automatically calculate the EMI amount.


  • Supported on multiple online stores
  • Reasonable interest


  • Interest rate is slightly on the higher side
  • Compulsory downpayment