How to Avail for Loan While Purchasing a Laptop?

Laptops have now become more of a necessity than a luxury. With the world going digital, laptops have become quite essential. Choosing the right laptop that meets your needs and requirements can be quite a challenge, especially with the ocean of products available in the market. Usually, laptops with the latest features and configurations will be more expensive and will be hard to accommodate in your budget.

Some go for buying the laptop on EMI or credit, while some others go for loans. The MoneyTap laptop loan is a very lucrative and easy to avail option. With MoneyTap, your line of credit can be used to purchase a personal laptop loan to buy a laptop without the hassles of EMI and credit card payments. The best feature about this is that an instant approval is given to your loan at Moneytap with interest being charged only for the amount used.

MoneyTap also provides credit cards allowing you to withdraw all the cash at once and get rewarded every time the card is used. Also, the EMI payments are highly flexible and have time periods that range from 2-36 months. One would be surprised to know that the only documents or papers required to start the process of availing a MoneyTap laptop loan are your ID proof and address proof. This makes it a highly easy and convenient option.

Eligibility Criteria

The following is the eligibility criteria to avail a MoneyTap laptop loan:

• Applicant must be a full-time employee with a salary of at least INR 20,000 gross.
• Also, self-employed professionals like business owners, lawyers, and doctors can qualify for the loan, if they earn at least INR 20,000 on a monthly basis.
• The age of the borrower must be between 23 and 55 years.
• Since MoneyTap is currently available only in some cities, the borrower must be a resident of one of the following cities: Ahmedabad, Anand, Bangalore, Chandigarh, Mumbai, Pune and Vijayawada.

Usually, making an expensive purchase such as a laptop requires a long-term savings plan. But, by availing a personal loan to buy your dream laptop, there is no need to wait! Also, working on a laptop can increase efficiency and skill development. This could help with better employment opportunities that will, in turn, help you pay back the loan with more ease. Also, with the variety of models and configurations available in the market, a personal loan would ensure that you do not miss out on the latest technology due to lack of funds. Through monthly EMI payment, one can be plan their finances in a more orderly manner.

So, before you buy a laptop, research the market prices and models thoroughly, with a set budget. Also, with the ever-evolving trends in laptop buying, you can also think about upgrading your laptop through a loan. Check MoneyTap for more information!