Smartphone prices have dropped significantly over the past few years. If you look at it from a long-term perspective, this is a good thing. After all, the smartphone has revolutionized our lives in many ways. But if you can’t wait for your dream phone to drop in price, there’s always another way to get that new device without emptying your bank account or mortgage payment. This article will discuss how a personal loan is available to those who want to get their hands on the latest smartphones without spending their savings or going into debt.
What is a Mobile Loan?
A mobile loan allows you to borrow a personal loan for the purpose of purchasing a mobile phone. You can create an account on a mobile loan app, submit the required documents, and secure the required funds. Since it is an unsecured loan, there is no need for collateral. Whether it is to purchase a new smartphone or a second mobile phone, you can make use of the personal loan money.
Top 5 Phones You Can Buy With Mobile Loan
- iPhone 11
- Samsung Galaxy S8
- Huawei Mate 9
- Samsung Galaxy Tab S7
- iPhone 13 Pro
FAQs
Should I buy a mobile on EMI or take a mobile loan?
Yes, you should since it can provide a certain ease in repaying the amount.
What documents are required for Mobile Loan?
- Photo Identity Proof (PAN Card)
- Income Proof (Latest Salary Slip)
- Identity Proof (Aadhar Card)
- Permanent Address Proof
- Latest Bank Statement Showing Salary Credit
Can I also buy mobile accessories with a mobile loan?
Yes, you can buy mobile accessories with a mobile loan.
Can I buy more than one mobile phone with a mobile loan?
If the second mobile phone fits within the loan amount, you can go ahead and make the purchase.
