A high-performance washing machine can make your daily task of doing laundry a lot easier. If you choose to buy a fully automatic washing machine, you will not have to worry about the washing process at all. Automatic and fully automatic washing machines are expensive and are priced according to the numerous features it offers. For example, you can expect a whirlpool washing machine price to start from Rs 16,000 or more.
Paying the entire amount upfront might seem overwhelming. If you are looking forward to buying your first washing machine or upgrading from an older model, flexible EMIs have got you covered even if you do not have a credit card. So go through the article to find out how you can shop washing machines on flexible EMI.
First step: Choose a washing machine
Since only selected washing machines from reputed brands can be purchased via flexible EMI, ensure that the washing machine you choose is eligible for the EMI scheme you want to go for. It is essential to keep in mind that some banks have a pre-set minimum and maximum amount, and you will have to choose a washing machine within that range.
Second step: Choose an online or Offline Store
While looking for a washing machine in an offline store, you notice that a specific whirlpool washing machine price is higher than what you might be able to pay. At that moment, you can apply for flexible EMI options on the spot. If you fit the eligibility criteria and submit the necessary documents, you can walk home with a brand-new washing machine of your choice. You won’t have to pay the entire sum of the washing machine up front.
The procedure to apply for flexible EMI online is a bit different from offline methods. In some cases, the pre-approved amount or the maximum order sum might be lower if you apply for an EMI card online. Although you still need to go through verification processes in both situations.
Third step: Apply for EMI
If you already have an EMI card, then the application process becomes much easier. You can simply avail the card for financing, and you won’t have to submit any additional documents. However, if you do not have one, you might have to apply for an EMI card in-store or online. With an EMI card, you will be able to avail No-Cost EMIs on selected washing machines. Make sure you go through the eligibility criteria and have the necessary documents ready with you.
Fourth Step: Going through the Eligibility Criteria and submitting Necessary Documents
To be eligible for an EMI or EMI card, you should be between 21 to 60 years old. In addition to that, you must also have a regular source of income. The documents you need to apply for an EMI card are a PAN card, your address proof, preferably an Aadhaar card, a canceled cheque, and a signed ECS mandate. An ECS mandate gives your EMI service provider the authority to deduct the monthly EMI directly from your bank account.
Processing fees and additional charges apply to every purchase, and the amount depends on the product. The minimum rate is generally 749 INR.
Washing machines are a must-have in your household. It makes tedious and time-consuming laundry chores a hassle-free activity. Purchasing a washing machine on flexible EMI might initially seem like a complex task, but it is actually relatively easy. Make sure you go through this article, as it will help you shop washing machines on flexible EMI with ease.
If you want to purchase a brand new washing machine but are worried about paying the price upfront, you can check out the Bajaj Finserv EMI Store. Using the Bajaj Finserv EMI Network Card, you can get No-Cost EMI and zero down payments on selective washing machines. You can repay the amount of the washing machine in flexible tenures from 3 to 24 months.