How Self-Employed Professionals Can Buy an Apple MacBook on Easy EMI

A Consumer Durable Loan is a great option for self-employed individuals to purchase a MacBook on EMI, making it affordable and accessible. It breaks the relatively high MacBook price into manageable payments while keeping savings intact. Here’s more on how self-employed professionals can buy a MacBook on EMI. Read on!

Purchasing a MacBook With Consumer Durable Loans for Self-Employed Individuals
 

Through a Consumer Durable Loan, solopreneurs and freelancers can manage their cash flow via flexible repayment options while purchasing the MacBook of their dreams. Here’s how it would work, if: 

• Total cost of the chosen MacBook: ₹2 Lakh
• Loan tenure: 24 months 
• Interest rate: 16% 

The monthly payable amount would be ₹9,792, and the total amount paid at the end of the tenure (Principal + Total interest) would be ₹2,35,022.

Process for Self-Employed Individuals to Buy a MacBook on EMI

Here’s the entire process of availing a Consumer Durable Loan that self-employed professionals can follow:

Step 1: Check Eligibility Criteria
While the criteria differ across lenders, applicants must ensure they broadly fulfil the following requirements before applying:

• Age: Between 21 and 65 years old
• Business Stability: If owning a business, it should have been operational for at least one to two years
• Stable Income: A consistent income stream that can be verified
• Credit Score: A score of 650 or above is generally preferred

Step 2: Prepare the Necessary Documents
Individuals can speed up the application process by keeping the following documents ready:

• ID Proof: PAN Card, Aadhaar Card
• Address Proof: Aadhaar Card, utility bill, rent agreement
• Income Proof: Bank statements (last 6 months), Income Tax Returns (ITR)
• Proof of Business: Business Registration Certificate, GST Registration, Professional Qualification Certificate

Step 3: Apply for the Loan

• Select the MacBook: Self-employed individuals can begin by choosing the model that will best meet their needs
• Apply for the Loan: At the point of purchase, the applicant should opt for the Consumer Durable Loan option and fill out the application form
• Document Verification: The lender will quickly verify the application and submitted documents
• Loan Approval & Disbursal: Once approved, the loan amount is disbursed directly to the retailer, allowing professionals to enhance their offerings with their new MacBook immediately!

Also Read: 10 Best Laptop Brands in India 2025

EMI Card for Easy MacBook Purchases

Another great option for self-employed individuals is to use an EMI Card to buy a MacBook on EMI. While a loan is applied for a specific purchase, an EMI card provides a standing credit line for multiple future purchases. Eligibility requires a stable source of income, and new-to-credit applicants are also eligible.

The EMI card offers users a pre-approved credit limit. At partner stores, it negates the need to apply or reapply for a loan; a simple swipe makes purchases and converts costs into EMIs immediately. Transactions are quick, since the credit limit is pre-approved. 

Also Read: Why professional loans are financially beneficial?

To Conclude

The high MacBook price or type of employment aren’t things that should hold anyone back. With multiple financing options available, self-employed professionals can easily manage costs through monthly payments.

A Professional Loan from Poonawalla Fincorp is also an excellent option for self-employed professionals to fund their MacBook purchase and other business needs.

FAQs

What is the typical tenure for buying a MacBook on EMI? 
The repayment tenure for a Consumer Durable Loan is typically 3 to 24 months, allowing you to select a payment plan that suits your financial situation.

Is a down payment required to buy a MacBook on EMI? 
It varies from lender to lender and depends on the specific offer. Some lenders provide 100% financing with zero down payment, while others require a small initial payment.

Can I get my MacBook on EMI if I have recently started my business? 
Most lenders look for a business to be running for at least a year. However, the rules differ, and some may consider applications based on strong income and credit history.

What are the key eligibility criteria for a self‑employed professional to apply for a Consumer Durable Loan?
Typically, applicants should be aged 21‑65, have been in business for at least 1 to 2 years, have a stable income that can be verified, and maintain a credit score of 650 or higher.