Buying a smartphone in India no longer requires paying the full amount upfront. With smartphone EMI booking options like No Cost EMI, Zero Down Payment, and Cashback offers, you can easily book the latest smartphone online or offline at affordable monthly installments.
In this guide, you’ll learn how to book a smartphone on EMI in India, the best EMI options available, and how to save the maximum money while purchasing a phone.
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What Is Smartphone EMI Booking?
Smartphone EMI booking allows you to purchase a mobile phone and pay its cost in monthly installments instead of paying the full price at once. EMI options are provided by:
- Banks (Credit / Debit Card EMI)
- NBFCs & finance companies
- Buy Now Pay Later (BNPL) apps
- Online shopping platforms
1. No Cost EMI on Smartphone Booking
No Cost EMI is the most popular and cost-effective option for smartphone buyers.
How No Cost EMI Works
- The interest charged by the bank is waived off
- You only pay the actual price of the smartphone
- EMI amount is divided equally over months
Example:
- Smartphone Price: ₹24,000
- EMI Tenure: 12 Months
- Monthly EMI: ₹2,000
- Interest Paid: ₹0
Best Banks for No Cost EMI
- HDFC Bank
- SBI Credit Card
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
✅ Best for: Buyers who have a credit card and want zero extra cost.
2. Zero Down Payment Smartphone Booking
With Zero Down Payment, you can book a smartphone without paying anything upfront.
Benefits of Zero Down Payment
- No initial payment required
- Full phone price converted into EMI
- Available on selected models and platforms
Platforms Offering Zero Down Payment
- Amazon (select smartphones)
- Flipkart
- Bajaj Finserv EMI Network
- Offline mobile stores
⚠️ Important: Some zero down payment offers may include processing fees. Always check the total payable amount.
3. Book Smartphone on EMI Without Credit Card
Don’t have a credit card? You can still book a smartphone on EMI in India.
Best No Credit Card EMI Options
- Bajaj Finserv EMI Card
- Amazon Pay Later
- Flipkart Pay Later
- ZestMoney
- Paytm EMI
Basic Requirements
- Aadhaar Card
- PAN Card
- Active mobile number
- Basic KYC verification
✅ Best for: Students, salaried employees, freelancers, and first-time buyers.
4. Cashback Offers on Smartphone Booking
Along with EMI, many platforms provide instant cashback on smartphone purchases.
Types of Cashback Offers
- Credit card cashback
- Bank-specific cashback
- UPI offers
- Wallet cashback (Amazon Pay, Paytm)
Example:
- Smartphone Price: ₹20,000
- Cashback: ₹1,500
- Effective Price: ₹18,500
💡 Pro Tip: Combine No Cost EMI + Cashback to get the lowest effective smartphone price.
5. Best Platforms to Book Smartphone on EMI in India
Amazon
- No Cost EMI
- Amazon Pay Later
- Credit & debit card EMI
- Bank cashback offers
Flipkart
- Zero down payment
- No Cost EMI
- Bajaj Finserv EMI
- Exchange + bank offers
Offline Mobile Stores
- Bajaj Finserv EMI
- In-store finance schemes
- Instant EMI approval
How to Choose the Best Smartphone EMI Option?
Before booking a smartphone on EMI, keep these points in mind:
- Compare No Cost EMI vs Regular EMI
- Check processing fees & foreclosure charges
- Look for cashback + exchange offers
- Avoid very long EMI tenures
- Read terms & conditions carefully
FAQs – Smartphone EMI Booking in India
Is No Cost EMI really free?
Mostly yes, but sometimes discounts are adjusted. Always check the final payable amount.
Can I book a smartphone on EMI without a credit card?
Yes, using Bajaj Finserv, Pay Later apps, or NBFC financing.
Which EMI option is best?
No Cost EMI + Bank Cashback is usually the best combination.
Is zero down payment safe?
Yes, if you book from trusted platforms like Amazon, Flipkart, or Bajaj Finserv.
Final Verdict
Booking a smartphone on EMI in India is smart and affordable if done correctly. By choosing No Cost EMI, Zero Down Payment, and Cashback offers, you can save thousands of rupees and reduce financial pressure.