AC on EMI Without Credit Card

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AC on EMI Without Credit Card- In Bangladesh, with the increasing heat during the summer months, having an air conditioner (AC) has become a necessity. However, not everyone can afford the upfront cost of an AC. Thankfully, many companies and showrooms in Bangladesh now offer ACs on EMI (Equated Monthly Installments) without the need for a credit card. This option makes it easier for people to buy an AC with a 0 down payment. Let’s dive into the details of how you can buy an AC through EMI without a credit card and some of the best offers available.

How to Buy an AC on EMI Without a Credit Card

Many people think that credit cards are necessary for EMI purchases, but that’s not always true. In Bangladesh, various financing options allow you to buy an AC on EMI without a credit card. Here’s how you can do it:

EMI through Consumer Durable Loans
Consumer durable loans are designed specifically for purchasing electronic appliances like ACs. Banks and non-banking financial institutions (NBFIs) in Bangladesh, such as IPDC Finance, Brac Bank, and City Bank, offer consumer loans that can be used to purchase an AC. These loans are easy to apply for, and you don’t need a credit card to avail them. All you need is your NID, a bank account, and proof of income.
EMI Facility from Showrooms
Many showrooms and electronic stores like Singer, Transcom Digital, Walton, and Esquire Electronics offer in-house EMI options. This means that you can buy an AC from their stores directly and pay the amount in monthly installments. Some of these stores offer 0% interest EMI plans, especially during promotional periods. This is a great way to get your AC with a 0 down payment and pay for it over a few months without the burden of interest.
Partnerships with Mobile Wallets
Digital payment platforms like bKash, Nagad, and Upay are becoming increasingly popular in Bangladesh. Some of these platforms have partnerships with electronics stores, allowing users to buy an AC on EMI through their wallets. This can be an easy and hassle-free way to get an EMI plan without needing a bank credit card.

Benefits of 0 Down Payment on AC Purchase

Buying an AC with a 0 down payment can be very beneficial for those who might not have the initial cash but can manage monthly payments. Here’s why you should consider this option:

Immediate Purchase: With 0 down payment options, you don’t have to wait to save money for an initial deposit. This means you can buy your desired AC immediately and start enjoying a cooler home.
Budget Management: By spreading the cost over multiple months, it becomes easier to manage your budget. You can pay small amounts each month without straining your finances.
Flexible Payment Options: Many companies offer flexible EMI tenures, ranging from 3 to 24 months. This allows you to choose a plan that fits your financial situation.

Top Companies and Showrooms Offering AC on EMI Without a Credit Card

Several companies and showrooms in Bangladesh offer the facility of buying ACs on EMI without needing a credit card. Here are some of the most popular options:

Singer Bangladesh
Singer is known for offering flexible EMI options on a wide range of ACs. They provide 0% interest EMI on selected models and often run special offers with 0 down payment during summer seasons. You can apply for their EMI plans using simple documentation like NID and proof of income.
Walton
Walton, a popular electronics brand in Bangladesh, offers ACs on installment plans without needing a credit card. They have both in-store and online purchase options, making it convenient for buyers. Walton also partners with different banks for easy financing solutions.
Transcom Digital
Transcom Digital is another well-known name that offers ACs with easy EMI plans. You can visit their stores, select an AC, and apply for EMI directly. During promotional periods, they offer 0% interest EMI with 0 down payment, making it easier for customers to buy high-quality ACs.
Esquire Electronics
Esquire Electronics offers EMI options on popular AC brands like General and Sharp. Their financing options are available for both online and offline purchases, allowing you to buy an AC with small monthly payments.
Online Platforms
Platforms like Daraz Bangladesh also provide options to buy ACs on EMI without a credit card. They partner with different banks and financial institutions to provide installment plans.

Steps to Buy an AC on EMI Without a Credit Card

Here’s a simple guide to buying an AC on EMI without a credit card in Bangladesh:

Visit a Store or Online Platform: Go to an electronics store or visit an online platform like Daraz.
Select Your AC: Choose the AC model that suits your needs and budget.
Check for EMI Offers: Ask about the available EMI plans and whether they offer a 0 down payment option.
Provide Required Documents: Submit necessary documents like NID, proof of income, and bank details.
Get Approval and Take Home the AC: Once the EMI plan is approved, you can take the AC home and pay the amount in monthly installments.