As soon as the heat starts, things like AC (Air Conditioner) or cooler start coming to mind. Nowadays the heat is so strong that even the coolers fail. In such a situation, people think of getting relief from the heat by inhaling AC air, but there is a lot of difference between the price of a cooler and the price of an AC (Air Conditioner). In today’s time, buying more expensive things is not a difficult thing because EMI (equated monthly installment) is a very easy option to take that thing. You can also take AC on EMI.
If you also want to buy AC (Air Conditioner) and you cannot deposit the full amount at once, then you should read this blog completely. In this, we will discuss in detail about the method of taking AC on EMI, Interest Rate, and Down Payment on AC EMI.
Can I get AC on EMI?
Nowadays it is possible to buy everything on EMI and you can easily buy AC on EMI or finance it. To take AC EMI, you have to go through a simple bank or finance process. As soon as you apply for AC finance, you get the EMI list. By choosing the option of EMI, you will be able to buy AC by completing the process of the company.
How much down payment is required for AC?
You may need to make some down payment if you take it on an installment basis. But nowadays there are many such finance companies that provide you the facility of finance on zero down payment. You will be able to buy these finance companies through AC (Air Conditioner) with zero down payment very easily.
I believe that you should give some percentage of the amount as a down payment on buying anything. Buy the thing only if you have some money to make the down payment. If you make a little down payment, then it will be easier for you to take the loan and your monthly EMI amount will also reduce. If your EMI amount is reduced, then the financial problems you face every month will be reduced considerably.
How much interest will be charged AC on EMI?
You can get interested ranging from 10.50 to 11.50% on taking a loan on any item or buying an item on its EMI. If you buy AC on zero down payment, then your EMI will be made by applying interest on the entire amount. But if you put some money in the down payment, interest will be charged only on the rest of the money. This is the reason that your EMI is more or less.
Can I make an AC purchase EMI with a credit card?
Yes, you can easily use your credit card to buy AC or other things. First of all, go to the company from which you are taking AC and find out whether your credit card will be able to run there or not. If your card is accepted then you will be able to buy AC with your credit card. In the beginning, the amount equal to the total price of the AC is deducted from the credit card. Then you can fill this deducted money through a credit card by converting it into EMI.
Can I buy AC on EMI with a debit card?
The way you buy from a credit card, in the same way, you will be able to buy AC by making EMI from a debit card. But you do not need to have full money to buy on AC EMI with a debit card. You can get the remaining EMI done by deducting a little down payment money from a debit card or you can take AC in EMI through a debit card even at zero down payment.
What is the process of buying AC on EMI?
You will be able to buy AC EMI very easily by following the steps.
Step-1: First of all you have to choose the model that you want to have.
Step-2: Now you have to make an estimate of that AC and apply for a loan for it in your bank. But you can start the process of a loan or EMI immediately with the help of the finance advisor present in the direct company.
Step-3: You will be given the option of some EMI tenure by that finance company or bank, out of which you have to choose the EMI and tenure which is better for you.
Step-4: Now you have to submit the necessary documents like a photocopy of the bank passbook, copy of the Aadhaar card and pan card, etc. in the company.
Step-5: After submitting all the documents, your finance process will start and you will be able to take home the AC on EMI.
Disclaimer: All the interest rates offered are subject to change from time to time. Before taking AC EMI, check the interest rates from the finance company. There are also some companies that give you the facility of EMI at a 0% interest rate but it may have different terms and sensitivity. That’s why you should use the facility of finance only after reading the terms and conditions of the company carefully.
