Home appliances make our everyday tasks convenient and straightforward. Our lives are incomplete without some of the home appliances. With these appliances comes the heavy investment they need while buying. Hence, comes EMIs (Equated Monthly Instalment). Shopping on EMIs helps you buy the latest machines without burning a hole in your pocket. A sudden breakdown or frequent repairs of your appliances may require you to buy a new machine. However, you may lack the necessary funds for the purchase. At such a time, EMI is an excellent and affordable solution. You can contact OneDios for regular maintenance and repairs of the appliance of any brand. OneDios makes the process simpler, quicker, and more efficient of reaching customer care for any issue and booking service within a minute.
What do you understand by Zero Interest EMI?
Zero Interest EMI allows customers to buy expensive items/products in monthly instalments without having to pay the whole price upfront and without paying additional interest or charges. This implies that you will be paying only the actual price of the product, just divided into EMIs.
OneDios is a free complaint-resolution system connecting consumers directly to customer support representatives who can advise individuals on how to address various problems. OneDios connects brands with customers. So, the services and repairs provided on our platform are authorized and genuine. You can buy your AMC on OneDios here.
EMIs link banks, customers and retailers to each other. All three parties benefit from this scheme. The customer can purchase costly appliances/products and pay for them monthly without additional interest. The bank receives a new source of income. While sharing a portion of its margins with the bank, the retailer gets increased sales in high-cost product categories. If you face difficulties booking service appointments with brands, you can request OneDios within 60 seconds. And secure the appointment at your convenience.
Some banks or lenders provide zero-down payment plans, while some require a minimal amount as a down payment and the balance to be paid in EMIs. You can choose the time for repayment at your convenience, ranging from 3 months to 24 months. Several lenders charge a processing fee for the no-cost EMI.
Advantages of buying appliances on Zero Interest EMI
- Customers can buy expensive products without having to pay their total cost upfront. Buyers can manage their cash flow constraints and fulfil their needs and upgrade their lifestyle. OneDios has become the number one trusted brand for home appliances, providing excellent quality and satisfaction to its customers.
- It provides the buyer with the convenience of paying over a few months. Zero interest EMI allows the customer to choose the tenure depending on their monthly budget.
- No-cost EMIs not only provide a quick and easy way to get a loan but also a way for people with bad credit to borrow money.
- The processing or documentation charges are minimal.
- Allows customers to build their credit history by taking smaller loans to purchase products using Zero interest EMI. However, paying EMIs on time is essential. You can also download the OneDios app from the Android play store or Apple Store to buy/ renew an annual maintenance contract for your appliances.
Disadvantages of buying appliances on Zero Interest EMI
- Sometimes, the customer ends up paying more when using no-cost EMI. If you don’t keep up your monthly payments, then late fees and tax on interest paid are also applied.
- Customers may have to bear a fixed, non-refundable processing fee for the zero-interest EMI. Banks also charge service tax and other applicable taxes for the transactions.
- Zero-interest EMI entices customers to buy products they don’t need.
- If the customer wants to return the product and get a refund. They will lose the money paid as an interest amount.
- Your credit score gets impacted if you don’t repay an EMI on time.
- Some schemes are applicable only if you have a credit card.
Zero interest EMI allows customers independence and convenience in buying and paying for the product over a specified duration. Buying on zero-interest EMI is a favourable option for buyers for multiple reasons. Still, one should thoroughly evaluate all the pros and cons before deciding to opt for it. If you are facing any issues with your machine, download the OneDios app and upload the details of your appliance today. You can also buy the extended warranty and AMCs for all brands like Whirlpool, Samsung, Godrej, GE, etc.
As a well-informed buyer, you should know all the charges applicable to your Zero interest EMI. If any form of interest is applicable, you should know the rate of interest and how it is calculated. Charges could include processing fees, late payment fees, and early repayment penalties. Do your research and understand the terms and conditions before buying the EMI plan.
We at OneDios, provide all kinds of services, from dishwasher/refrigerator/television/washing machine installation/repair/service to maintenance and after-service of the appliance of all major brands. Repairs cost additional money and require you to spend time waiting for the technician or Customer care services to do the necessary upkeep. Therefore, call for service and maintenance at regular intervals. OneDios app is a one-stop-shop for all your service or AMC-related issues and queries without having to call various people or seek phone numbers. OneDios provides you with services in just 60 seconds. OneDios aims to offer a top-class professional facility for repair, installation, and service work. OneDios app makes it simple for the consumer to avail of the post-sales services without difficulties. OneDios now covers over 1350+ cities in India.