Bring home a new Refrigerator on EMI without Credit or Debit Card

Want to trade in your old refrigerator for a better model? Upgrading to a high end refrigerator can put a significant dent in your wallet, luckily you can buy a fridge online on EMI and ease the financial burden.

In this blog post, we’ll explore how to purchase a refrigerator online using EMI options, including no-cost EMI, loans without credit cards, and step-by-step guidance, ensuring you meet your cooling needs with convenience and style.

Purchasing a refrigerator online on EMI

When you want to buy a refrigerator online, you can make the purchase using EMI on a credit card or opt for cardless EMI options.

Regardless of credit history and even without a credit card or debit card, you can get a fridge on EMI with a Consumer Durable Loan from banks and NBFCs like TVS Credit.

Enter values such as loan amount, rate of interest, tenure and get an estimate easily of your EMI amount with our Refrigerator EMI Calculator.

Alternate EMI options

Explore alternate EMI options like opting for a Consumer Durable Loan, such as the one offered by TVS Credit.

Consumer Durable Loans come with No Cost EMI, so you can benefit from paying monthly installments without incurring any additional charges.

Step-by-step guide to purchasing a refrigerator on EMI without credit/debit card

Applying for Consumer Durable Loans with TVS Credit can be done in 3 easy steps –

Step 1: Select the product of your choice
Step 2: Eligibility and documentation: Cross check if you meet the requirements for loan approval
Step 3: Get instant approval: Once the documentation is in order, your loan will be approved instantly

While buying a refrigerator online, here are some factors to consider when picking your ideal refrigerator:

• Smart Features: If you plan on upgrading to a better fridge, look for useful stand out features such as a built-in icemaker, water filter, and smart options including intelligent ones like Wi-Fi connectivity.
• Capacity: Depending on the available space in your home and storage needs, choose between high freezer capacity, which is better if you purchase more frozen ready to eat meals or meat, or high vegetable capacity if you store more fresh produce.
• Style: Choose between french doors, side by side, top or bottom freezer placement depending on your needs and home décor.
• Defrosting type: If you want to buy a fridge on EMI, you can choose between a direct cool or frost freeze refrigerator, A direct cool model is more energy efficient, preserves food for shorter durations and requires manual defrosting. A frost freeze refrigerator preserves food for a longer duration, defrosts automatically, but saves lesser energy.
• Energy usage: Wondering what the star ratings on your refrigerator are? The Bureau of Energy Efficiency (BEE) assigns a star rating depending on your refrigerator’s energy usage, a high star rating consumes lesser energy, which makes it a better choice.
• Brand: Top rated brands guarantee a good warranty and are easier to maintain and service. Choose a well-known brand and get easy approvals for your refrigerator loan.

Once you have zeroed in on a refrigerator of your choice, you can apply for an instant Consumer Durable Loan.

Loan Approval will be based on whether you meet the following eligibility criteria:

• Nationality: He/She should be Indian citizen.
• Age range: 18- 65, note that if you are below 21, you can apply for the loan with a guarantor.
• Employment: You must be actively employed with at least 6 months of experience at your current organization. If self-employed, you may be asked to provide proof of a stable income.
• Credit Score: Maintaining a credit score of 750 and above leads to higher chances of loan approval.
• Debt Status: Current debt status and repayment pattern will play a crucial role in your loan approval process.

Depending on your capacity to repay the EMI, use a tool such as the EMI calculator offered by TVS Credit, to get an estimate of the payable amount, and EMI instalments with ease.

Once you have submitted the required documentation, sit back & relax and enjoy quick loan approvals with TVS Credit!

Advantages of using EMI without credit/debit Cards at TVS Credit

Owning a refrigerator to upgrade your lifestyle has never been easier! Discover the Key Features and Benefits of Consumer Durable Loans in detail on the page. However, here are a few benefits of choosing TVS Credit to finance your refrigerator online –

• 2-Minute loan approval: Do away with the wait! Get instant approvals on your Consumer Durable Loans and buy a fridge online.
• No cost EMI: Clear monthly instalments without any added charges.
• Minimal documentation: Avail a Consumer Durable Loan online by providing basic details and documents.
• Zero down payment: Buy a refrigerator online, with all expenses covered without a need for down payment.
• First-time borrowers eligible: TVS Credit disburses funds to even first-time borrowers without any credit history.

Now apply for a Consumer Durable Loan to get your next appliance purchase financed and own the product of your choice.

FAQs –

1. What are the advantages of taking a loan from TVS Credit to buy a refrigerator online on EMI?

There are multiple benefits offered by TVS Credit’s Consumer Durable Loan to buy a fridge online:

• Instant approvals
• No cost EMI
• Zero paperwork
• First-time borrowers Eligible

2. Can we buy fridge on EMIs?

You can buy a fridge on EMI and finance it with TVS Credit Consumer Durable Loans. You can clear the loan in convenient monthly instalments, even without a credit card.

3. How can I get a loan to buy fridge on easy EMIs?

To get a loan to buy a refrigerator, select the refrigerator of your choice, check your eligibility, submit minimal documentation and apply for the loan!

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