What Documents Are Required to Buy a Phone on EMI?
With smartphones becoming more advanced (and expensive), many people now prefer buying them through EMI (equated monthly installment) plans. EMI allows you to break down the cost into easy monthly payments, making it affordable without putting too much pressure on your budget. If you’re planning to visit a mobile shop in Vadodara to buy your next phone on EMI, it’s important to understand the documentation process.
In this blog, we’ll explain what documents are required to buy a phone on EMI and guide you through the process so you’re fully prepared before stepping into a mobile store.
What is EMI?
EMI stands for Equated Monthly Installment — a fixed payment made by the buyer every month to repay the total cost of a phone over a chosen period, typically ranging from 3 to 24
months. Most mobile shops in Vadodara offer EMI facilities through finance companies, credit cards, or NBFCs (non-banking financial companies) like Bajaj Finserv, HDB, or Home Credit.
Buying on EMI is a great option when you want the latest smartphone but don’t want to pay the full price upfront.
What Documents Are Required to Buy a Phone on EMI?
To buy a phone on EMI, you’ll need to submit some basic documents for identity and income verification. The documentation might vary slightly depending on the finance partner used by the mobile store, but generally, you’ll need:
Aadhaar Card (Mandatory)
This is the primary proof of identity and address. Most finance companies use Aadhaar for quick KYC (Know Your Customer) verification.
PAN Card (Mandatory)
A PAN card is required to check your credit score and financial history. Without a valid PAN, EMI applications are generally not approved.
Passport-Sized Photograph
You may be asked for a recent passport-size photo for your application file.
Bank Passbook or Cancelled Check (Optional)
Some finance providers may ask for your bank details to auto-debit EMI payments. A bank statement or cancelled check can be used for this purpose.
Income Proof (if required)
In certain cases (especially if you’re not salaried or have no credit history), you may be asked for
Salary slip (last 1-3 months)
Bank statement (last 3-6 months)
Income tax return (ITR) documents
What Happens at the Mobile Store?
When you visit a mobile shop to buy a phone on EMI, here’s how the process usually works:
1. Choose Your Phone: Select the smartphone model you want to buy.
2. Check EMI Options: The shop staff will tell you the available EMI schemes—how much the monthly payment is, the tenure, and the total interest (if any).
3. Document Submission: Share the required documents mentioned above.
4. Verification: Your documents are submitted to the finance company, and they’ll check your eligibility—this usually takes just a few minutes.
5. Approval: Once approved, you’ll be asked to pay a small down payment (usually 10–30% of the phone’s cost).
6. Agreement Signing: You’ll be required to digitally sign the loan agreement or fill out a form.
7. Phone Delivery: Once the paperwork is done, you get your phone instantly!
This process is smooth and often takes less than 30 minutes at a trusted mobile store in Vadodara.
Buying on EMI Using Credit Card vs Finance
There are two common ways to buy a phone on EMI:
Through Credit Card:
No extra documents needed (as credit info is already with the bank)
Easy to convert the payment into EMI
May have zero-interest schemes
Needs good credit limit
Through Finance Providers:
Requires KYC documents (Aadhaar, PAN, etc.)
EMI options for people without credit cards
Available at most mobile shops
May involve small processing fees
Depending on what you have (a credit card or just documents), you can choose either option.
Tips Before Buying a Phone on EMI
Always ask about processing fees, down payments, and interest rates before signing anything.
Ensure the mobile shop is authorized and tied up with a reliable finance provider.
Check your credit score in advance if applying through a finance company.
Save all documents and EMI receipts for future reference.
Read the loan agreement terms carefully, especially about prepayment or late fee penalties.
Why Choose a Trusted Mobile Store in Vadodara?
Buying a phone on EMI is convenient, but only when done from a reliable mobile store. A good shop will:
Guide you through every step
Offer transparent pricing and EMI terms
Provide after-sales support and warranty guidance
Help you with future upgrades or exchanges
Whether you’re planning to buy the latest iPhone, a flagship Samsung device, or a budgetfriendly Android phone, make sure to choose a mobile shop with a good reputation and genuine finance tie-ups.
Conclusion
Buying a phone on EMI is a smart way to manage your finances while still enjoying the latest technology. All you need is the right set of documents—like Aadhaar, PAN, and bank proof—to get started. Most mobile shops in Vadodara make this process fast and simple, with instant approval and same-day delivery.
Just remember to compare EMI plans, check your eligibility, and choose a store that’s honest and customer-focused. With the right documents and guidance, owning your dream smartphone is easier than ever!