Get Any Smartphone By Paying 0 Payment, Discover 6 Ways to Get an Smartphone By Paying 0 Payment in India! Explore top finance companies, eligibility criteria, step-by-step process, safety tips, and FAQs. Get started now!
In 2025, owning the latest smartphone is easier than ever! With rising demand for premium devices, Indian finance companies now offer 0% down payment schemes, allowing you to buy iPhones, Samsung Galaxy, OnePlus, and more without paying a single rupee upfront.
Table of Contents
This guide simplifies everything you need to know—from trusted providers to eligibility rules and safety measures.
Why Choose 0% Down Payment for Smartphones?
- Budget-Friendly: No upfront cost—pay in EMIs.
- Access Premium Brands: Buy iPhones, Samsung flagships, or OnePlus without draining savings.
- No Credit History? No Problem: Many providers approve loans for first-time borrowers.
- Instant Approval: Get your phone in under 20 minutes.
Top 6 Companies Offering 0% Down Payment Smartphones
Here’s a table of trusted finance providers in India:
| Company | Features | Apply Link |
| Bajaj Finserv | Zero down payment, 60-month tenure, 1.2 lakh+ partner stores | Bajaj Finserv |
| Home Credit | No credit history needed, 20-minute approval, EMI plans starting at ₹1,000 | Home Credit |
| ZestMoney | No credit/debit card required, shop on Amazon/Flipkart | ZestMoney |
| TVS Credit | First-time borrowers eligible, 2-minute approval | TVS Credit |
| Samsung Finance+ | Zero interest EMIs, device-specific offers (Galaxy phones) | Samsung |
| Apple No Cost EMI | iPhone-specific plans, exchange discounts | Apple India |
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How to Get Any Smartphone By Paying 0 Payment
Follow these steps to buy your phone hassle-free:
Step 1: Check Eligibility
- Age: 18–65 years (varies by company).
- Income: Minimum ₹15,000 monthly (for salaried).
- Documents: Aadhaar, PAN, bank statements.
Step 2: Choose a Provider
- Online Shopping: Bajaj Mall, ZestMoney (Amazon/Flipkart partners).
- Offline Stores: Visit partner stores like Croma, Reliance Digital.
Step 3: Submit Documents
- Basic KYC: Aadhaar, PAN, address proof.
- Employment proof (if required).
Step 4: Select EMI Plan
- Tenure: 3–24 months (e.g., Samsung offers 24-month plans).
- Use EMI calculators to estimate monthly payments.
Step 5: Receive Your Phone
- Instant approval providers: Home Credit, TVS Credit.
- Delivery: Free shipping or in-store pickup.
Requirements to Get Any Smartphone By Paying 0 Payment
- Valid ID Proof: Aadhaar, PAN, or voter ID.
- Address Proof: Utility bill or rental agreement.
- Income Proof: Salary slips (for salaried) or bank statements (self-employed).
- Credit Score: Not always mandatory (e.g., Home Credit).
Safety Tips to Avoid Scams
1. Verify the Legitimacy of the Provider
Before applying for a 0% down payment scheme, ensure the company is trustworthy. Start by visiting the provider’s official website (e.g., Bajaj Finserv or Home Credit) and cross-check their partner stores like Croma or Reliance Digital.
Scammers often create fake websites with slight URL changes, such as “bajajfinservv.in” instead of “bajajfinserv.in”. Look for customer reviews on platforms like Google or Trustpilot to confirm credibility. For example, ZestMoney partners directly with Amazon/Flipkart—always apply through these verified platforms.
Avoid third-party agents on social media promising “guaranteed approval”; legitimate providers never operate solely through WhatsApp or Instagram. If unsure, visit a physical store or contact customer support via official numbers listed on their website.
2. Read the Terms and Conditions Carefully
Many 0% down payment schemes hide fees in fine print. For instance, TVS Credit charges a 3% penalty if you repay the loan early, while ZestMoney may add a 10% processing fee to your total loan amount. Always check:
- Interest Rates: Some plans advertise “0% interest” but convert hidden charges into higher EMIs.
- Tenure Flexibility: Samsung Finance+ offers 24-month EMIs, but shorter tenures may have stricter penalties.
- Late Payment Fees: Missing an EMI with Home Credit could cost ₹500 per delay.
Use EMI calculators on provider websites to compare costs. For example, a ₹50,000 phone with a 12-month EMI plan might seem affordable, but a 10% processing fee adds ₹5,000 extra.
3. Never Share OTPs or Sensitive Information
Fraudsters often pose as customer care agents to steal OTPs or bank details. For example, you might receive a call claiming to be from “Bajaj Finserv” asking for an OTP to “activate your loan”.
Legitimate companies never ask for OTPs, passwords, or CVV numbers. In 2023, a scam targeting Apple No Cost EMI users tricked victims into sharing OTPs to “unlock iPhones”, leading to financial theft. Always:
- Verify Caller Identity: Hang up and dial the official customer care number.
- Enable Two-Factor Authentication: Protect accounts linked to EMI apps like ZestMoney.
- Report Suspicious Activity: Forward phishing messages to cybercrime portals like cybercrime.gov.in.
4. Understand Device Lock Policies for Missed EMIs
Some providers lock your phone if EMIs are unpaid. Samsung, for instance, uses Knox software to remotely block devices after 2–3 missed payments.
To unlock it, you’ll need to clear dues and submit a request via Samsung Care—a process that can take weeks. Similarly, Bajaj Finserv partners with stores to disable devices until payments resume. Protect yourself by:
- Setting Auto-Debit: Link EMIs to your salary account for automatic payments.
- Tracking Due Dates: Use apps like CRED to get payment reminders.
- Communicating Early: If facing financial issues, contact providers like Home Credit to negotiate revised plans before missing a payment.
By following these steps, you can enjoy the benefits of 0% down payment schemes without falling victim to scams. Always prioritize transparency and caution! 🔒📱
FAQs: Your Questions Answered
- Can I get a phone with no credit history?
Yes! Home Credit and TVS approve first-time borrowers. - What documents are needed?
Aadhaar, PAN, and address proof (varies by provider). - Is there a hidden cost?
Some companies charge processing fees (up to 10%). - Can I prepay the loan?
Yes, but check penalties (e.g., Samsung has no penalties). - What if I miss an EMI?
Late fees apply, and Samsung may restrict phone usage. - Which phones are available?
iPhones, Samsung Galaxy, OnePlus, Xiaomi, and more.
Top Searched Queries
- Buy smartphone 0 down payment India
- Get Any Smartphone By Paying 0 Payment
- No cost EMI mobile phone
- Zero down payment iPhone
- How to get phone on EMI without credit card
- Best EMI schemes for smartphones 2025
Sources
- Home Credit (https://www.homecredit.co.in/)
- Bajaj Finserv (https://www.bajajfinserv.in/)
- ZestMoney (https://discover.zestmoney.in/)
- TVS Credit (https://www.tvscredit.com/)
- Samsung Finance+ (https://www.samsung.com/in/)
- Apple India (https://www.apple.com/in/)
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