Summers are almost here, and having a refrigerator by your side can be a lifeline in this scorching heat. These days, double-door refrigerators are gaining much popularity compared to single-door refrigerators. This is because of the enhanced storage capacity and overall functionality. However, with varying double-door refrigerator prices, it may seem confusing to make this investment. Fortunately, several options allow you to purchase a double-door refrigerator on easy EMIs, ensuring affordability and convenience. In this blog post, we’ll explore the top five ways to purchase a double-door refrigerator without much strain on your budget.
Consumer Durables Loans
If you are planning to purchase a double-door refrigerator but aren’t able to pay the full amount upfront, you can consider taking a consumer durable loan from reputed and trusted NBFCs like HDB Financial Services. They specialise in offering loans and financing solutions for consumer goods, including appliances like refrigerators. They collaborate with retailers and manufacturers to provide EMI facilities to customers for high double-door refrigerator prices, making it easier for them to afford expensive purchases like refrigerators.
To find a good financing solution, you can start by researching reputable consumer finance companies in your area. Check their websites or visit their offices to learn about their loan offerings, interest rates, processing fees, and repayment options. It’s important to compare the terms and conditions of different lenders to find a financing solution that aligns with your budget and preferences.
When evaluating loan options, keep in mind that interest rates can vary depending on the lender, the size of the loan, and your credit score. Some lenders may also charge processing fees or prepayment penalties, so be sure to read the fine print carefully before signing any agreement.
By taking the time to research and compare different financing options, you can find a personal loan that meets your needs and helps you purchase the double-door refrigerator you need without causing undue financial strain.
Online Retail Platforms
Today, online retail platforms have transformed the way we shop for appliances. With a plethora of products available at competitive prices, customers can now browse and purchase their desired products from the comfort of their homes. When it comes to purchasing a double-door refrigerator, it is recommended to explore renowned e-commerce websites that offer a wide range of options to choose from.
Another major benefit of shopping for appliances online is the availability of flexible EMI options. Many online retail platforms collaborate with leading banks and financial institutions to offer low-interest EMIs on appliances, including double-door refrigerators. It enables customers to purchase high-end appliances without having to worry about the upfront payment.
Manufacturer’s Brand Outlets
It’s worth exploring the various manufacturer’s brand outlets across different cities to buy a double-door refrigerator. These outlets not only display the latest models but also offer exclusive deals and financing options to customers. You can find renowned refrigerator manufacturers operating brand outlets in many cities.
When you visit one of these outlets, you can get personalised assistance from knowledgeable staff who can help you choose the right model based on your specific needs. In addition, you can ask about EMI plans that are tailored to your requirements, making it easier for you to purchase your preferred refrigerator.
It’s also worth noting that these outlets often have ongoing promotions and discounts that you can take advantage of to secure a great deal on your double-door refrigerator. Whether you’re looking for a specific brand or just want to explore your options, visiting a manufacturer’s outlet can be a valuable experience that allows you to make an informed decision about your purchase.
Credit Card EMI Offers
If you are in the market for a new double-door refrigerator, using a credit card to finance your purchase can be a convenient option. Many credit card issuers offer EMI conversion options for credit card transactions, which allow you to spread the cost of your purchase over several months. Before making a purchase, it is prudent to check with your credit card issuer to understand the available EMI plans, interest rates, and repayment terms.
When you opt for a credit card EMI offer, you will be required to pay a fixed amount each month, which includes the principal amount and interest. The interest rate for EMI conversion plans varies from bank to bank and can range from 12% to 24% per annum. It is important to note that some banks may charge a processing fee for availing EMI conversion.
However, opting for a credit card EMI offer can have its advantages. Firstly, it allows you to spread the cost of your purchase over several months, making it more affordable. Secondly, if your card offers additional rewards or cashback benefits, you can earn rewards or cashback on your purchase as well.
Overdraft Facility
To buy a Double-Door Refrigerator on Easy EMI with an overdraft, you would first need to check with your bank to see if you are eligible for an overdraft facility. If you are eligible, you can use your overdraft facility to pay for the refrigerator and then pay back the overdraft amount in easy installments.
Next, you would need to find a store that offers Easy EMI options for purchasing a Double Door Refrigerator. You can search for such stores online or visit a nearby electronics store to inquire about their EMI options.
Once you have found a store that offers Easy EMI, you can select the Double-Door Refrigerator of your choice and inquire about the EMI plans that they offer. You can choose an EMI plan that suits your budget and apply for the loan.
To make the payment using an overdraft, you would need to provide the store with your overdraft details. Once the payment has been made, you can start repaying the overdraft amount with easy instalments as per the terms and conditions of the overdraft facility.
Conclusion
Purchasing a double-door refrigerator on easy EMIs is within reach, thanks to the diverse financing options available in the market. Whether you prefer the convenience of online shopping, the personalised service of retail stores, or the flexibility of credit card EMIs, there are multiple options to explore.
By comparing double-door refrigerator prices, researching EMI plans, and choosing a reputable seller, you can acquire the appliance you need without straining your finances.
