As the demand for smartphones continues to soar, UAE residents can now purchase mobile phones on monthly installments without using a credit card. Pay-later services have become increasingly popular, offering a convenient and flexible solution for smartphone shoppers. We will explore various options, such as in-store financing, postpaid plans, and pay-later apps, available to UAE residents.
Expats in Dubai who want to purchase a smartphone on installments can do so in-store at one of the leading electronics stores, such as Sharaf DG or Jackys. Achieving this is simple; all you need to do is fill out an application form and provide proof of income or salary. The store will then review your application and decide whether or not to approve it. Once approved, you will be able to purchase a smartphone on monthly installments for up to 12 months.
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Why Do You Need Installment Plan on Mobile Phones with No Credit Card?
Sometimes, our financial situation does not allow us to make a large purchase upfront. Fortunately, the installment plan option helps you spread your payments over time without having to use your credit card. This makes it easier for those who are unable to take out a loan or do not have access to a credit card.
In-Store Financing Options
Leading retailers like Sharaf DG, Emax, Jumbo, and Carrefour provide in-store financing options that allow customers to buy mobile phones on monthly installments without a credit card. These retailers offer various payment plans to suit different budgets, making it easier for customers to obtain their desired smartphones.
Postpaid Plans with Mobile Phones Bundled
Telecom operators Etisalat and Du offer postpaid plans that include mobile phones bundled into the contract. Customers can choose from a wide range of smartphones and pay for both the device and their monthly usage in one consolidated bill. This option is ideal for those who prefer a single payment for their mobile phone and plan.
Top 5 Buy Now, PayLater Apps in UAE
1. Tabby: Tabby offers flexible payment options for online purchases, including mobile phones. Users can either pay later in a single payment within 14 days or split the cost into interest-free installments over several months.
2. Spotii: Spotii is a fintech platform that allows customers to pay for their mobile phones in four equal, interest-free installments. The platform has partnered with numerous mobile phone retailers, providing a diverse selection of devices and accessories.
3. Postpay: Postpay offers customers the option to make mobile phone purchases and pay for them in interest-free installments. Users can set up automatic payments or manually pay off their balance using the Postpay app.
4. Tamara: Tamara enables customers to shop now and pay later at various online stores, including mobile phone retailers. Users can choose to pay for their purchases in three interest-free installments or delay payment for up to 30 days.
5. Cashew: Cashew is a UAE-based fintech startup that provides customers with a simple and convenient way to buy mobile phones and pay for them in interest-free installments over several months.
Eligibility Criteria
To qualify for these pay-later services, applicants must meet certain criteria, which include:
- Being at least 18 years old
- Being a resident of the UAE
- Having a valid mobile number and email address
- Possessing a bank account or debit card
- Meeting creditworthiness requirements
How to buy a Phone in Installment without a Credit Card
Here are the steps to follow when using a pay-later service to purchase a mobile phone:
- Find the desired mobile phone on an online store or in-store at your local retailer.
- Apply for the pay-later option. Fill out the application form and provide all required documents, such as proof of income or salary.
- Wait for approval. Once approved, you will be able to confirm your order and make payments with ease without having to use a credit card.
- Make monthly payments for up to 12 months until you have fully paid off your debt. Be sure to keep track of due dates and payment deadlines to avoid any late fees or penalties.
- Enjoy your new smartphone!
Final Thoughts
Before committing to a pay-later agreement, it’s essential to read the terms and conditions carefully and ensure that the chosen payment plan is affordable. By exploring various options such as in-store financing, postpaid plans, and pay-later apps, UAE residents can now purchase mobile phones on monthly installments without the need for a credit card.