Snapmint EMI: No More Waiting! Instant Approval, Zero Hassle! Say goodbye to waiting and get instant approval for EMIs with Snapmint.
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| Photos reference from theitdepot |
What is Snapmint?
Snapmint is a digital platform that provides its customers with the option to purchase products on EMI without needing a credit card. It allows users to finance their purchases at affordable rates through its network of partner banks and NBFCs. Snapmint was established in 2017 and has since helped numerous customers purchase products worth lakhs of rupees on EMI.
How does Snapmint work? (Step By Step Process)
Steps of applying are as follows :
1. Open Play Store and install Snapmint App.2. Enter your desired mobile number for registration and submit OTP accordingly.
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4. Choose your desired site like Amazon, Flipkart, Myntra, etc.
What is the eligibility?
- Application: The customer needs to fill out an online application form with personal details, such as name, phone number, email address, and PAN card number.
- Approval: The application is then reviewed by Snapmint's partner banks and NBFCs to determine the customer's eligibility for EMI financing. The customer will receive an approval confirmation via email or SMS within a few hours of submitting the application.
- Purchase: After approval, the customer can proceed to purchase the desired product on the partner e-commerce platform using the Snapmint EMI option. The customer will be required to make a down payment of 25% of the total purchase value, while the remaining 75% can be paid in equal monthly installments (EMIs) over the selected tenure.
Snapmint vs. Credit Cards
Snapmint offers several advantages over traditional credit card EMIs, including:
- No need for a credit card
- Lower interest rates
- Quick and easy approval process
- Flexible repayment
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