Whether for personal or professional use, the latest laptop with a fast processor, ample storage, and excellent graphics is a must for people in different fields. However, the catch is that a high-end laptop with advanced features is quite expensive. A gaming laptop with the latest processor can cost as much as Rs. 1 lakh or more. So, how can one afford a decent laptop if they are running low on funds? Should they wait until they save enough for it? Not really. They can buy the laptop on EMI.
For those looking to buy a laptop on EMIs, here are the various benefits they can get.Â
No Need to Empty Savings and Emergency FundsÂ
Many people go to the extent of depleting their savings and emergency funds to purchase a high-end laptop they want. However, when they buy one on EMIs, they don’t need to pay a considerable sum upfront. Instead, they can purchase their laptop right away by making a minimal down payment and pay the remaining amount over time in equated monthly instalments. Freedom to Buy a Costlier Laptop
When individuals buy a laptop from their savings, their limited budget restricts them while selecting a device. On the other hand, when they purchase a laptop after making a small down payment, they can opt to go for a costlier laptop. After all, they don’t need to pay its entire cost upfront. They can divide its price into easy EMIs over a longer repayment term.Â
Therefore, purchasing a laptop on EMIs brings a costlier device within reach without worrying about its price.
Instant Access to the Desired Device
Owing to the steep laptop prices these days, many consumers put their purchases on hold until they save enough money. By the time they save money, the laptop becomes outdated due to new products and technologies entering the market almost every day. However, when they buy a laptop on EMI, it’s possible to place the order within a few minutes and get it delivered to the doorstep. As a result, the buyer gets instant access to the desired device without waiting to save and pay its price in EMIs.
Flexibility of Repayment
Most fintech companies do not force the buyers to repay the laptop’s cost within a fixed period. They are flexible with the repayment and give a wide time frame to the buyers to pay the price according to their convenience. Those with a limited budget can opt for a longer repayment term, which keeps the EMIs small and easy to manage. Small EMIs are easy to adjust to the monthly budget, and the buyers do not need to make compromises in their current lifestyle.
These days, buying consumer durables and gadgets on EMIs is easier than ever before. Now, consumers can purchase items of their choice right away using the EMI on debit card option. They do not need to use a credit card or take a loan. They can use their debit card to buy a laptop on EMI and pay its cost in monthly instalments.
