| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fees | Up to 11.8% |
| Penal Charges (excluding GST) | 36% annually on unpaid instalments |
| Foreclosure Charges | 3% on principal outstanding for all interest-bearing schemes, Nil for non-interest-bearing schemes |
| Other Charges | |
| Bounce Charges | Rs.650 |
For a complete list of charges, please Click Here
Here's all you need to know about your eligibility for a mobile loan.
Do you have your eyes set on your favorite smartphone but are restrained by your budget? Fret not, this is where mobile loans step in. Think of a mobile loan as a short-term financing instrument that allows you to buy a mobile and pay it back over monthly instalments. So, walk away with your dream phone without paying upfront.
Smartphones are not a luxury at this point. From office work, entertainment to payments, your phone helps you navigate daily life. TVS Credit Services Ltd. is one of the most trusted financial solutions in India. Choose from a long list of top mobile brands and get your mobile loan approved in no time. Enjoy flexible repayment options without hidden tricks and upgrade your lifestyle now!
Taking a mobile loan from TVS Credit Services Ltd. is instant, hassle-free with flexible repayment options. Gone are the days when you must wait for days to get your loan approved. With minimal documentation, you will be able to secure funds in a jiffy. Find out about the benefits of mobile loans below:
Check out if you are eligible for a mobile loan based on the following mobile loans eligibility criteria:
|
Nationality |
Indian |
|
Age |
18 – 65 years |
|
Employment |
Salaried/Self-employed |
Keep the following documents handy to ensure your mobile loan application gets approved quickly:
Note that there can be additional charges including the ones mentioned below:
|
Charge Type |
Charges Applicable (including GST) |
|
Processing Fees |
Up to 11.8% |
|
Foreclosure Charges |
|
|
Penal Charges (excluding GST) |
36% (annual) on unpaid installment |
|
Bounce Charges |
₹650 |
Follow this step-by-step guide to secure a mobile loan:
Need help with a mobile loan? Just fill out the form available on the website with your details. We will reach out right away to answer your questions!
A mobile loan is a quick financing instrument used to secure funds to buy a smartphone without paying the full upfront cost.
Yes, you can buy a mobile phone on EMI using the mobile loan facility of TVS Credit.
Yes, TVS Credit allows flexible financing options where you can select the loan amount and tenure based on your convenience.
TVS Credit allows first-time borrowers with no credit history to secure mobile loans if they meet the eligibility criteria.
You can easily choose a tenure between 6-24 months to repay a mobile loan from TVS Credit.
Buying a mobile phone on EMI offers several benefits like improved financial management, instant approvals, zero down payment, and flexible repayment options.
