E-commerce has made it easy for us to shop online and order everything we need, from groceries to electronics. With online shopping, we can access a plethora of options, compare prices, and get great deals without leaving the comfort of our homes. Croma, one of the leading electronic retail giants in India, has made it even easier by introducing the Croma No Cost EMI scheme.
The Croma No Cost EMI scheme is available on Croma.com as well as in Croma stores across India. Customers can buy their favorite electronic gadgets and products without paying the full amount upfront, and instead, pay through Easy Monthly Instalments for certain tenures.
What is Croma No Cost EMI?
Croma No Cost EMI is an interest-free financial scheme that allows customers to pay for their electronic purchases in EMI payments. The No Cost EMI scheme is designed to benefit customers who are looking to make high-value purchases in a single transaction.
With the Croma No Cost EMI scheme, customers can buy their favorite products at zero interest and no processing fee. Unlike traditional EMI schemes where the interest rates can go as high as 18-20% per annum, Croma No Cost EMI offers a more affordable option for those who want to purchase electronic gadgets.
Key features of Croma No Cost EMI
The Croma No Cost EMI scheme comes with several benefits and features that make it a popular choice among customers. Here are some of the key features of the scheme:
1. Zero Interest: Under the Croma No Cost EMI scheme, customers do not have to pay any interest on their monthly instalments. This would usually save a lot of money when considering traditional EMI schemes that can have a high interest rate up to 20% per annum.
2. No Processing Fee: Customers do not have to pay any processing fee while availing of the No Cost EMI scheme. This is beneficial for customers who are looking to buy high-value products.
3. Flexible Tenure: Croma No Cost EMI scheme allows customers to choose their preferred tenure, which can range from 3 months to 24 months. This makes it easy to fit repayments into your monthly budget.
4. Easy Repayment: Croma No Cost EMI scheme allows customers to make repayments through Equated Monthly Instalments (EMIs). The EMI payments are automatically deducted from customers' bank accounts on a pre-determined date.
How to avail of Croma No Cost EMI?
The Croma No Cost EMI scheme is available both online and offline. Customers can buy their favorite electronic gadgets on Croma.com and select the No Cost EMI option at checkout. Alternatively, customers can visit a Croma store and avail of the scheme after the verification process.
To avail of the Croma No Cost EMI, customers need to follow these steps:
1. Choose your product: Customers can browse through the wide range of electronic gadgets available on Croma.com and select the product they wish to purchase.
2. Add to Cart: After selecting the product, customers can add it to their cart and proceed to checkout.
3. Select No Cost EMI option: While making the payment, customers can choose the No Cost EMI option and select their preferred tenure.
4. Complete verification: Once the payment is made, customers will need to complete the verification process. This will require them to provide details and documents like Aadhaar Card, PAN Card, and salary slips.
5. Place your order: After completing the verification process, customers can place their order and wait for their product to be delivered.
Other benefits of Croma No Cost EMI
Apart from the key features of the Croma No Cost EMI scheme, there are other benefits that customers can avail of while using the scheme. Here are a few of the benefits:
1. No effect on credit score: The Croma No Cost EMI scheme does not affect customers' credit scores as this is not considered as a loan.
2. Easy to manage finances: With the No Cost EMI scheme, customers can easily manage their finances, as the payments are spread out over a selected tenure.
3. Convenient: Customers can avail of the No Cost EMI scheme and buy their favorite electronic gadgets in a matter of minutes. This makes the whole process of purchasing electronics quick and hassle-free.
Conclusion
The Croma No Cost EMI scheme is a game-changer for those looking to purchase electronic gadgets without paying the full amount upfront.
Apart from the Croma EMI scheme, another popular way of converting your high-ticket purchases into small, manageable EMIs is the Bajaj Finserv Insta EMI Card. The Insta EMI Card is a credit instrument that allows users to make purchases online or in-store and convert the payment into interest-free EMIs (Equated Monthly Installments). Users can avail the pre-approved amount and payback in easy monthly installments, without paying any interest amount.
Apart from purchasing electronic gadgets, customers can also avail of the Insta EMI Cards No Cost EMI plans for other purchases - such as an Unacademy subscription or other educational courses.