Buy an Inverter on EMI Effortlessly
An unexpected power cut can bring important tasks to a halt, whether you are working from home, attending an online class, preparing for an exam, or simply going about your daily routine. A reliable inverter helps keep essential appliances and devices running during outages, so you can stay productive, connected, and comfortable until the power supply is restored.
Purchasing an inverter system may require a high upfront investment, especially considering the batteries and installation costs. However, with an Instant Loan from Poonawalla Fincorp, you can access funds quickly and manage the expense easily through affordable monthly repayments. Apply now and bring home the inverter system you need!
Benefits of Buying an Inverter on EMI
Whether you need backup power for a home office, household essentials or everyday convenience, EMI financing can help make the purchase more manageable. Here’s how:
- Bring Home an Inverter Without Waiting: EMI financing allows you to invest in an inverter when you need it, instead of postponing until you accumulate the total amount.
- Invest in the Right Inverter System: Choose an inverter that can provide sufficient backup for your household's usage requirements.
- Affordable Monthly Payments: Spread the cost of your inverter purchase into manageable monthly EMIs instead of making one-time large payments.
- No Credit Card Required: With no credit card needed, approved borrowers can get inverter EMI options via Instant Loan.
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An inverter system consists of two key components: the inverter and the battery. The inverter converts the power stored in the battery into electricity that can be used to run appliances during a power outage, while the battery stores the energy needed to provide backup power.
While choosing a battery, it is important to think about battery capacity. It decides how long your inverter supports the load. A low-capacity battery drains quickly, and on the other hand, an oversized battery increases the cost without adding any real benefits. While it is best to consult the seller to identify the battery capacity suited for your requirements, here’s how you can estimate as well:
- List the appliances you want to run during a power outage.
- Add up their power consumption in watts.
- Estimate how many hours of backup you need.
- Multiply the total wattage by the required backup hours to estimate the power requirement.
- Divide the result by the product of the battery voltage and inverter efficiency to estimate the battery capacity required in (Ah).
For example, if your total load is 400 watts, you need 4 hours of backup, your system uses a 12V battery, and the inverter efficiency is 80% or 0.8, then the battery capacity would be approximately 166.6 Ah.
Here are the following battery size recommendations depending on your needs, which can serve as a starting point:
| Usage Scenario | Suggested Battery Capacity |
|---|---|
| Light Home Usage | 100 Ah - 200 Ah |
| Medium Home Usage | 150 Ah - 180 Ah |
| Heavy Load | 180 Ah - 220 Ah |
An inverter on EMI can support various lifestyles, household requirements, and professional needs.
- Work-From-Home Professionals: Having reliable backup power ensures that you have continuous internet access and can conduct virtual meetings and stay productive even during a power outage.
- Families: Families rely on backup power so they can continue to operate lights, fans and essential appliances during an outage.
- Students and Online Learners: Inverters provide backup power so students can continue with their online classes, studying, etc.
- Small Business Owners: Entrepreneurs need to keep running their business operations and to serve their customers. Therefore, they require backup power to support their daily business operations.
- Shop Owners and Service Providers: Retail and service businesses rely on backup power to minimise disruptions in their day-to-day operations.
- Homeowners in Power-Cut-Prone Areas: Families that reside in areas that have frequent power interruptions commonly view inverters as an effective household investment.
The capacity of the inverter plays an important role in selecting the right power backup solution for your needs. An inverter's capacity can vary depending on how much power your appliances draw during a power outage.
| Requirement | Inverter Size | Recommended Usage |
|---|---|---|
| Basic Backup Needs | 600 VA - 800 VA | Small homes for powering lights and charging phones during short-term power interruptions. |
| Small Household Usage | 900 - 1100 VA | Small households that need to power fans, lights, and important electronics. |
| Medium Household Requirements | 1500 VA - 2000 VA | Supporting all electrical appliances for two or more rooms in an average-sized home. |
| Work-From-Home Setups | 1000 - 1500 VA | Working on your computer, using your router, and powering other items you need for work when you are without power. |
| Large Family Requirements | 2.5 kVA - 3.5 kVA | Multiple appliances and extended use when the inverter is operating to provide backup power via a battery. |
| Extended Power Backup Needs | 5 kVA - 7.5 kVA+ | Long-term backup with more comfort. |
Once you have identified the inverter system that meets your backup power requirements, financing the purchase can be completed through an Instant Loan online.
- Evaluate Your Power Needs: Consider which appliances you want or need to operate during power cuts.
- Choose an Appropriate Capacity: Choose an inverter and battery combination that is appropriate for your usage requirements.
- Review Eligibility Requirements: Before starting an application, check what requirements you may need to meet the loan eligibility criteria.
- Select a Suitable Loan Option: Select a loan amount and term that fits into your budget and allows you flexibility of repayment.
- Complete the Online Application: Provide the information required for your application, upload all necessary documents, and submit it.
- Await Verification and Approval: If you meet all requirements, your application is approved.
- Purchase Your Preferred Inverter: When the funds are credited, you can complete your purchase and repay the loan through fixed monthly instalments.
Buyers looking to purchase an inverter without making a large upfront payment need to check the eligibility requirements. Eligibility is generally assessed based on factors such as age, income, employment status, credit profile, and repayment capacity. Both salaried and self-employed applicants may qualify, subject to the specific eligibility criteria and approval process.
If you want to purchase your inverter through EMI financing, all you need is minimal documentation. Most applicants only require proof of identity and residence with their Aadhaar card or PAN. Since your documents go through digital verification, this allows for a hassle-free experience. All documentation requirements remain simple due to having minimal paperwork.
It is important to determine the applicable interest rates and costs related to your loan before applying for financing. Poonawalla Fincorp ensures all loan-related costs are transparent, so you can compare your repayment amounts with your total cost to borrow the money to complete your purchase before moving forward.
Choose an inverter based on your power requirements and the appliances you need to keep running during an outage.
- Home Backup: Keep important home appliances like lights, fans and Wi-Fi routers running during power outages.
- Work From Home Setup: Ensure your laptops, computers and internet connections are working smoothly without interruption.
- Large Households: At once, operate several appliances during extended power outages.
- Small Businesses: Ensure computers, billing systems and other key equipment function properly.
- Solar Power Systems: Harness the solar energy to generate power for use in homes and businesses.
If you are purchasing an inverter, then you can consider financing your purchase through Poonawalla Fincorp. With an Instant Loan, you can spread the purchase cost into manageable monthly payments and ensure your home or business is well-prepared for future power outages. You can also enjoy affordable interest rates and flexible repayment options.
Investing in a power backup solution can typically provide increased comfort, productivity, and ease of use over an extended period. Therefore, it is essential to carefully evaluate your specific needs before choosing a financing option.
When you finance your purchase through Poonawalla Fincorp, you get detailed information regarding the terms and conditions of your loan, including the fees charged. Therefore, it's important to understand the terms carefully, such as EMIs, loan tenure, repayment options, etc. This helps you select the financing option that best meets your budget and long-term needs.
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Frequently Asked Questions
Yes, you can buy an inverter on an EMI through an Instant Loan with monthly payments; however, it needs to be approved before you can do so.
Most buyers would like to finance both an inverter and a battery as part of one complete power backup system.
The best inverter capacity for your home depends on the types and the total amounts of all the appliances you want to operate and how much available electricity you may need in an emergency situation.
Absolutely, an inverter can keep the power on for all your essentials, like the internet and computers, during power outages.
Uninterrupted power is great for assisting in online classes, study times, or anything associated with doing schoolwork when the power goes out.
You need to consider your power needs, battery size, your budget, repayment tenure, and the budget for the monthly amount you are looking at when determining if you can afford to purchase EMI.
The inverter's battery is one of the most important parts of a backup solution, and you can get it on EMI.
Absolutely, obtaining backup power solutions through EMI allows businesses to pay for the inverter over a period of time.
An EMI calculator allows you to compare different loan amounts, repayment terms and find out how much you pay each month before applying for financing.
Yes, a financing program using EMI allows you to upgrade your current inverter system to a system that is better suited to your current household or business power needs.