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Tata Capital > Blog > Capital Goods Loan > A Guide To Buying Ac On EMI

Capital Goods Loan

A Guide To Buying Ac On EMI

A Guide To Buying Ac On EMI

As temperatures rise and summer heat waves become the norm, the necessity of an air conditioner (AC) in every home becomes increasingly clear. However, the cost of buying and installing an AC unit can be prohibitive for many. Luckily, buying an AC on EMI with a debit card is an affordable and practical solution. With EMI plans for AC units becoming more flexible and inclusive, owning an AC is no longer a luxury but a feasible comfort.

Buying an AC on EMI

When the sweltering summer heat makes an AC more of a necessity than a luxury, the high price tags attached to quality AC units can often be a deterrent. However, with the advent of convenient financing options such as Equated Monthly Installments (EMI), buyers no longer have to compromise on their comfort due to budget constraints.

Purchasing an AC on EMI without a credit card is an excellent financial solution that allows buyers to purchase their desired AC model without bearing the burden of a lump-sum payment. EMI, a payment method where one pays off the cost of a product or service over a specified period, provides much-needed financial flexibility. This period usually ranges from as short as 3 months to as long as 2 years, depending on the financial institution and one's eligibility.

The primary benefit of opting for an EMI plan when buying an AC is the ease of payment. The total cost of the AC is divided into manageable installments, which are paid over the agreed-upon tenure. This division of cost ensures that buying an AC does not put a significant strain on a buyer's savings or monthly budget.

This method of buying allows one to plan expenses effectively. One knows exactly how much to set aside for the EMI each month, enabling a balance between other financial obligations without stress. It also offers buyers the freedom to choose a repayment schedule that aligns with their cash flow. So, whether one prefers to pay off their EMI quickly or spread it out over a longer period, the choice belongs to the consumer.

Financial institutions provide these affordable AC buying options. Known for their customer-friendly EMI plans, these institutions often offer competitive interest rates and flexible repayment tenures. Some also offer zero percent EMI options, where one only pays the cost of the AC, divided over the chosen tenure, without any additional interest.

Considerations While Buying AC on EMI Near You

Before committing to an EMI plan for AC, it is crucial to consider a few factors. Firstly, understand one's cooling requirements and the type of AC that would best suit one's needs – window or split, inverter or non-inverter. Secondly, research the energy efficiency and star rating of the AC unit as it will directly impact one's electricity bills. Lastly, compare the AC on EMI without credit card plans offered by different financial institutions. Look for plans that offer low-interest rates, flexible tenure, and minimal documentation.

Steps to Buy AC on EMI

The process of buying a window AC on EMI has been streamlined over the years to become extremely user-friendly. Here are the detailed steps for a clearer understanding:

Identify One's Requirements:

Begin by identifying one's cooling requirements. This involves deciding on the type of AC (split, window, inverter, non-inverter), the capacity needed for one's space, and the energy efficiency (star rating) one prefers.

Choose an AC Model:

After one has determined their needs, start researching various AC models that fit the criteria. Compare features, prices, and customer reviews to make an informed decision.

Choose a Financial Institution:

The next step involves choosing a financial institution for the EMI plan. Compare the EMI plans, interest rates, tenure, and terms and conditions of various lenders before making a decision.

Apply for EMI:

Once one has selected the AC model and the financial institution, proceed to apply for the EMI. This usually involves filling out an online application form on the lender's website. Some lenders may also offer the option to apply in person.

Submit Necessary Documents:

The institution will require certain documents for verification. This usually includes identity proof (Aadhaar card, PAN card, etc.), address proof (utility bill, rental agreement, etc.), and income proof (bank statements, salary slips, etc.).

Await Approval:

After one has submitted the application form and necessary documents, the financial institution will review the application. This process might take a few hours to a few days, depending on the institution.

Purchase the AC:

Once the EMI application is approved, one can proceed to purchase the chosen AC model. The amount is directly paid to the retailer or reimbursed, based on the lender's process.

Start Repaying the EMI:

Finally, one will start repaying the EMI as per the agreed schedule. This is usually a fixed amount that needs to be paid each month, allowing one to manage finances effectively.

Remember, every financial institution might have a slightly different process, but the above steps give one a general idea of how buying an AC on EMI near one works. Always read the terms and conditions carefully before applying for an EMI.


In the face of soaring temperatures, buying an AC on EMI can be a cool and comfortable solution. It's a smart and affordable AC purchase strategy that lets one enjoy the benefits of a cool environment while managing finances effectively. So why wait? Explore the numerous EMI plans for AC available and make the choice.

With TATA Capital's flexible EMI options, buying an AC is easier than ever. Their consumer durable loans offer easy EMI options, instant approval, and minimal documentation, making one's dream of a cool and comfortable home a reality. Visit the TATA Capital website today and take the first step towards the process to buy AC on EMI.

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