Mobile phones have come a long way from simply being a means of communication to being an integral part of your day-to-day life. The smart phones available today can virtually do everything for you. They allow you to access your emails, social networking accounts, documents, files, , and a gamut of other services that help you plan your activities and track your progress.

Taking pictures is one of the most important features of smartphones. Gone are the days when you spent a fortune on buying high-end cameras. With the technological advancement, smartphone cameras give the same output quality as that of a high-end camera.

These phones are not as costly as you would think. You will find several good-quality devices available at less than INR 20,000. Thus, offering value for money. And the best part is that you may fund your purchase with a consumer durable loan (CDL).

Here are a few options you may consider if you have a budget of around INR 20,000:

phone emi option, best hd phone under 20k

RAM (GB)Storage (GB)DisplayProcessorFront and rear camera (MP)Battery (mAH)System on Chip (SoC)
Moto G5 Plus3-416 and 325.22 GHz Octacore123000Qualcomm Snapdragon 625
Honor 83325.22 GHz Octacore12 and 123000HiSilicon Kirin 950
Nubia Z11 Mini33251.5 GHz Octacore162800Qualcomm Snapdragon 617
Honor 6X3325.52.1 GHz Octacore12 and 23340HiSilicon Kirin 655
Samsung Galaxy On Max4325.71.6 GHz Octacore133300MediaTek MT6757
Huawei Honor 9i4645.92.36 GHz Octacore16 and 23340Kirin 659
Gionee A14645.52 GHz Octacore134010MediaTek MT6755 Helio P10
Oppo F34645.51.5 GHz Octacore133200MediaTek MT6750T
Lenovo K8 Plus3-4325.22.5 GHz Octacore13 and 54000MediaTek MT6757 Helio P25
Moto G4 Plus2165.51.5 GHz Octacore163000Qualcomm Snapdragon 617

You generally need to save a lot of money to buy high-end products or use a credit card that would convert the purchase into equated monthly installments (EMIs). However, the charges on a credit card are quite high Another option is availing of a loan, which enables you to buy your desired mobile on EMI.

Non-banking financial companies (NBFCs) and other financial institutions provide you with a loan with the help of which you can buy the phone in installments. You simply need to find out the NBFC partner store or partner website that sells the mobile you want, visit the store, and get your desired phone on EMI.

A CDL is a quick loan that does not require too many documents. The loan is available for an amount of up to INR 5 lakh that may be repaid in EMIs of up to 24 months. When you apply online, you receive instant approval and you may then walk into the closest store and buy a phone on EMI without a credit card.

So, apply for a loan today and purchase the latest mobile phone without any constraints.

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