Tips to Buy a Refrigerator on EMI without Credit Card

A refrigerator is one such common household device nowadays which has become a necessity, especially wherein food habits of people are changing and they are getting more inclined towards storing cooked food for days or indulging in packaged food. An important factor which also influences the demand for refrigerators is the fact that India has a tropical climate and almost 80% of the country sees extremely hot summers. Refrigerator plays a vital role in helping people cope-up with the hot season.

Buying trend of masses is changing in India lately as now people prefer taking consumer durable loans over buying in cash. Especially for requirements wherein they can get a 0 or low-interest loan easily approved, without any past loan history or credit card and also without any burden of loan or spending a hefty amount in one go.

What to consider before you bring home a new refrigerator?

• Budget- Income is the first factor to be taken into consideration before making any purchase. And if you are not ready to spend a huge sum of money in one go then consider buying fridge on EMI. It will not only save you from the extra burden of expense but will also let you manage your money better.
• Types of refrigerators- Different types of refrigerators are available in the market nowadays. Some of these include: single door, double door, side-by-side, all fridge, top freezer, bottom freezer or French door refrigerators which are designed to best suit the needs of a buyer.
• Measure the space- Space is an important factor to be considered for choosing the right size and model of refrigerator. Measure your doorways, space in the kitchen and also look for some ventilation space around, for a longer life of refrigerator.
• Mode of buying- Choosing how to buy is also an important deciding factor which depends upon the comfort and convenience of the buyer. Major options include; buying in Cash or taking a home appliance loan. There are many finance companies that offer such loans wherein you can shop for your favourite refrigerator from one of the partner outlets and apply for the loan online or at the bill counter. Procedure attached to such loans is seamless and documentation is minimal. If your loan is approved, you can walk out of the store with your favourite refrigerator the very same day!

Quirky Tip:

Let me introduce you to an unusual use of refrigerator which I’m sure is not known to many of you.

Have you ever been stuck in a situation wherein you have sealed an envelope with a sticking glue, only to end up realising that you’ve forgotten to put something inside or you want to play like a detective from some Hollywood movie and peep into someone’s envelope? Well, you can surely open a sealed envelope without tearing it apart. It’s an uncommon fact that

if you keep a sealed envelope into the freezer for around 3 to 4 hours, it can be opened by just running a knife under the flap (if it doesn’t already open up by itself).

Meenal is involved in finance & loan management, provide finance tips to people who are interested in laptop & Mobile finance, led TV on EMI, smartphone insurance. Find more Homecredit.co.in