Loan is the first thing which is required for everyone and this is obvious as because daily needs can be able to get fulfilled by salary but not the costlier one We bored of using an old mobile phone and thought to get a new one – then we need shaving to buy that phone. But using the savings can harm you then good in long run. For example, if you have a savings of 2years of Rs.80,000/- then and bought a brand-new phone of Rs.40,000/- and if on another day any bad happen money is required in emergency basis then it became problematic. And this all are real time examples, isn’t it Another option is – buying a phone using EMI The option is wonderful but some EMI’s have some problem which includes – High interest amount for even for short term which also required a credit card. And even for applying credit card – you need to provide many documentations.