Personal loan for Mobile

Can’t get that brand-new smartphone out of your head? Looking for ways to get your hands on that device you think would resort to all your requirements that an ‘ideal smartphone’ should have? But bad finances playing a spoilsport? If yes, then the good news is that with Upwards you can now avail a personal loan to finance your mobile phone. Simply apply for a personal loan with Upwards through the app and on successful loan approval, get instant access to fund your new phone. No matter which brand you choose, with Upwards you can use the personal loan for buying a mobile phone worth up to 2 lakh. You can avail personal loan for mobile for up to 12-60 months and can also close the loan as and when you wish.

What is mobile loan?

Mobile loan is a type of unsecured loan you can avail to buy a smartphone of your choice. You can repay the loan amount in EMIs on a monthly basis. No matter what brand you opt for, availing a mobile loan is the best way to address your emergency financial needs. This type of loan comes in handy when you want to replace your existing device and wish to buy a new one or you have lost your device and don’t have finances to fund the purchase of a new phone.

Benefits of Availing Mobile Loan

  • Use the funds to buy the mobile phone of your choice
  • Instant access to funds
  • Competitive interest rates
  • Avail loan amount ranging from INR 20,000- INR 5,00,000

Loan Terms

Loan AmountRanging from Rs. 20,000- Rs. 5,00,000
Annualised Interest RateRanging from 16% to 36%
Repayment TenureRanging from 12 to 60 months
Processing Fees2-4% of the loan amount

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Mobile Loan FAQs

Can I get personal loan for mobile for 2 months?
No, you cannot avail personal loan for mobile for 2 months. You can opt for it for minimum of 6 months.
How can I avail a mobile with Upwards?
You can avail a mobile loan with Upwards through our application. Download Upwards app from Google Play store. Fill in the required details and submit the necessary documents. On successful loan approval, the loan amount will be disbursed in your bank account within 12-48 hours.
When will my mobile loan amount get disbursed after I receive the approval?
Your mobile loan amount will get disbursed within 24-48 hours post loan approval.
Does Upwards issue mobile loan to individuals with low credit score?
Yes, we at Upwards do issue mobile loans to individuals with credit score as low as 645.