Mobile Loan Rate Of Interest & Eligibility Criteria How exactly to purchase a mobile phone on EMI Without charge card? Whenever you think of purchasing one thing on EMI, the very first option that comes in your thoughts is a charge card. Nonetheless, not everybody has use of bank cards. Fortunately, there are several other products that are financial today for purchasing a mobile on loan without charge card. 1. Mobile Phone Loan You will get that loan through a bank, lender if not an application on the phone to get mobile on EMI level of your preference. With app-based loans through MoneyTap, you will be authorized for individual personal credit line thats both convenient and flexible.