Top 5 Smart Gadgets and Appliances to Buy on EMI

AI integrations and advanced technology have increased the choices for smart gadgets across devices such as phones, laptops, refrigerators and washing machines. Alongside, a Consumer Durable Loan helps you pick the latest models while keeping your monthly payments comfortable. Let’s look at the top consumer choices for smart gadgets and appliances on EMIs.

Best Appliance Options to Buy Electronics on EMI

Here are some top considerations for you to purchase while keeping your overall costs manageable:

1. Smartphones

Owning the latest smartphone is on many people’s wish lists, and for good reason: brands like Samsung, Apple, and Xiaomi offer powerful features such as AI-powered camera systems and real-time translation. Being able to pay off a high-end smartphone over monthly instalments is the main reason you should consider buying it on EMIs.

Buying on EMI helps spread out the cost while still getting the latest processor, storage and camera features. Plus, most popular brands offer EMI options through credit cards, EMI cards, and zero-down payment plans.

2. Washing Machines

With swanky features like smart home integration, remote control, and voice control, a washing machine is a great product to buy on EMI. With prices crossing ₹60,000 and even ₹ 1 lakh, an EMI helps spread the cost across comfortable monthly instalments. A smart washing machine worth 1 Lakh will lead to an easily manageable EMI of around ₹8,791 if you assume an interest rate of 9.99% for a year.

Also Read: Top Benefits of Buying a Refrigerator on EMI with a Consumer Durable Loan

3. Refrigerators

Upgrade your kitchen with EMIs by switching to the latest smart refrigerator on the market. These models come equipped with AI integrations, energy-efficient modes, digital temperature control, and even touch displays. Placed in a room as utilised as the kitchen, these can be complete game-changers.

Premium models from Samsung or LG cost ₹60,000-₹1,50,000. Breaking this into 6-12 month EMIs (₹5,000-₹12,500/month) makes the upgrade financially sensible.

4. Smart Televisions

Today’s smart TVs offer voice assistants, screen mirroring, built-in Chromecast, and AI integrations to deliver a tech-powered cinematic experience at home. Whether you’re buying a 32-inch model for a bedroom or a 55-inch 4K display for your living room, no-cost or low-cost EMIs make premium brands accessible. Most retailers and NBFCs allow flexible tenures, while zero-interest EMIs during sales events make this payment option even more attractive.

5. Laptops

Almost everyone needs a laptop today, and having an AI-powered intelligent machine can make a huge difference. Smart laptops come with long battery life, the latest processors, adaptive cooling, and many other benefits. An Easy EMI plan with a Consumer Durable makes these high-end systems accessible, whether you’re a student or a professional. Many brands also offer no-cost EMIs, letting you upgrade to faster processors and better storage without straining your finances.

Also Read: 6 Benefits of a Consumer Durable Loan You Probably Didn’t Know

To Conclude

Smart gadgets and appliances are no longer out of reach, thanks to flexible EMI options. Whether it’s a high-end smartphone, a smart refrigerator, or an AI-powered laptop, Consumer Durable Loans make it easy to upgrade without financial strain. Ensure you keep the basics of EMI planning in mind: calculate your approximate payments with an EMI calculator, plan financially, and stay within manageable budgets.

Poonawalla Fincorp offers a Consumer Durable Loan with easy application and attractive rates, available at any of our trusted partner retailers.

FAQs

How to get appliances on EMI?

At the point of sale, ask the representative about purchasing the appliance on EMI, or choose the Easy EMI option if you’re buying online. You’ll have to fill out a simple application form for a Consumer Durable Loan; once approved, you can take your appliance home and start to pay the EMIs.

Should you buy electronics on EMI?

Yes, buying electronics on EMI is an increasingly popular option because breaking down the total cost makes the entire purchase manageable. Ensure you calculate an EMI you can easily afford each month, and choose a tenure accordingly.

What things do I need for EMI?

When applying for a Consumer Durable Loan to avail of EMIs, you’ll need a few basic KYC documents (PAN card, Aadhaar card), address proof, and income proof (salary slips, bank statements). You may also need to meet eligibility criteria, including minimum age and credit score requirements.

How much is a 7 lakh EMI per month?

A 7 Lakh loan taken for a tenure of 2 years (24 months) at an interest rate of 10% p.a. will result in a monthly payment of ₹32,625. Increasing or decreasing your tenure will accordingly impact your EMI amount, ₹61,867 for 12 months and ₹22,917 for 36 months.