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!

Key Features & Benefits of a Mobile Loan

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:

• Zero Down Payment: Experience no financial strain as you do not have to pay any upfront cost to buy a phone, keeping your savings intact and improving financial accessibility.
• No Cost EMI: Pay nothing extra on your monthly EMIs, making your purchase affordable. Splitting the cost over months helps you manage your finances more efficiently.
• Quick Loan Approval: Now the loan approval process is more streamlined to ensure you get funds quickly with instant approvals. Right from loan application to disbursal, everything happens on the double.
• Less Paperwork: Time is of the essence, and thus only necessary documentation is required to complete your loan approval. Minimal documentation means time savings and quick loan disbursal.
• New Borrowers Welcome: No worries if you do not have a credit history. Qualify for mobile loans even if you are a first-time borrower looking to buy your desired smartphone.

Eligibility Criteria for Taking a Mobile Loan

Check out if you are eligible for a mobile loan based on the following mobile loans eligibility criteria:

What Factors Can Affect Mobile Loan Eligibility?

• Age: If your age is less than 21 years, a guarantor is required to process the loan.
• Credit Score: The chances of mobile loan approval increase if you maintain a credit score of more than 750.
• Income Stability: A minimum of 6 months of employment with your current organization is required for swift mobile loan processing.
• Existing Debt: Your chance of securing a mobile loan highly depends on your current debt status and repayment pattern.

What are the Documents Needed to Take a Mobile Loan?

Keep the following documents handy to ensure your mobile loan application gets approved quickly:

• KYC Documents: Passport, PAN Card, Aadhaar Card, Driving License, or Voter’s ID Copy.
• Address Proof: Electricity Bill, Passport, or Ration Card Copy.

What are the Charges on Mobile Loans?

Note that there can be additional charges including the ones mentioned below:

How to Apply for a Mobile Loan?

Follow this step-by-step guide to secure a mobile loan:

• Choose the suitable mobile phone you wish to buy, based on your needs and budget.
• Check if you are eligible for a mobile loan and then submit the necessary documents.
• After proper documentation and approval, your mobile loan will be disbursed without delay.

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!