Are you going to buy a smart TV soon? Almost every house is now using smart TVs, and it is high time we should buy the same for our homes and workplaces. When you buy this TV, you can easily access video platforms and apps and get your entertainment at your fingertips.
In this blog, we will focus on the use of the right financing options available in our country, what are the reasons behind using these options, which one we should choose, and other aspects. Once you finish reading this blog, we can ensure that you will get to know everything about them and make your decision confidently. Don’t forget to consult with a loan DSA partner for help.
Can We Take Financing Options While Buying a Smart TV?
Most people don’t want to pay the cost of these gadgets in cash. If you talk to any financial expert, they will also tell you the same. As there are so many options that can handle your financing, you must take advantage.
What About No-Cost EMI Options?
The very first option that you can have is the no-cost EMI option. Almost all the online shopping platforms like Amazon, Flipkart, and regular shops are offering this to their customers. According to the rule, you will have enough time to pay the total cost without paying any interest on the amount.
The period that you will get to pay the amount might vary. It could be between three to fourteen months. Check the amount you have to pay in a month and whether it is suitable for you or not. When you are ok with the plan, you can easily use this particular plan.
Use of Credit Cards
India has a number of credit card companies. Almost all banks offer credit card options. When you are purchasing something big, you can use these credit cards. The overall process is quite simple. You don’t need to pay any amount upfront. The money will be on your payment list. You need to continue paying the amount regularly. Don’t skip any payment, as it will severely damage your credit ratings.
Learn About Consumer Durable Loans
You will be amazed to know that different NBFC companies are offering consumer durable loans. One condition is that, you will have to buy only electronic items for getting this particular loan. Usually, you can get these loans in the shop itself. Once you are sure of buying a smart TV, it is going to be the most effective tool you get. Look for the best app for DSA, and then compare the different options you have.
Where Can We Use Personal Loans?
As we have mentioned, consumer durable loans are not effective when you are buying something other than electronic items. On the other hand, personal loans are way more versatile. Most banks and NBFCs can get you this loan without demanding any collateral. After receiving the money, nobody will ask you about the cause.
Check your CIBIL score, apply for a personal loan, and then decide which TV item you want to buy. In any case, if your application got rejected, make sure to improve your CIBIL and start maintaining the score as much as possible.
BNPL Schemes
If nothing works as per plan, we have BNPL schemes. Buy now, pay later schemes are effective for electronic items. Keep paying the money in easy installments. This will reduce the pressure on you. Try to keep all the necessary documents with you when you are going to buy the TV, it will be necessary.
How to Find the Best Financing Options?
Choosing the right financing options is also quite effective. Here are some of the key elements that you need to check-
- What is the right size of TV that you need to buy. The size of the screen can vary from 40 to 55 inches. It must be at least Full HD. If it can be 4K, there is nothing better than that.
- The TV must have an advanced operating system.
- Connectivity of the TV is also important.
- Does the TV screen have Wi-Fi facilities? It must have voice assistance and other facilities.
Make sure to check these aspects before buying the gadget and then take the call. Consultation with an expert will help you for sure.
