To buy a mobile phone on EMI, one needs a Credit Card of a bank. There are many offers running on mobiles in Indian market that offers EMI option to buy an expensive smartphone. In India, telecom operators do not offer smartphones on contracts due to some security problems like telecom operators of America and other countries do. So many smartphone vendors came with alternative schemes like EMI in Indian market to make high-end smartphones affordable for every user. Unfortunately, many of Indian customers still do not have a credit card too. So that they cannot buy smartphones on EMI schemes too.
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