Want to buy a cell phone in installments? Check out the options!

There are some options for you who want to buy a cell phone in installments using a bank slip, but don't have a credit card.

However, with this installment payment method, you need to have good planning, as it generates interest rates.

Therefore, for those of you who want to buy a cell phone in installments using a bank slip, we will help you better understand how this method works.

So follow what we have prepared for you!

What is installment purchasing on the bill?

Paying in installments using a bank slip is a way to help you buy your cell phone without compromising your credit card limit, for example.

Likewise, it is a good option for people who do not have a credit card, but cannot buy a cell phone outright.

In this way, some institutions offer the option of credit for purchases paid in installments on the invoice.

However, the care here is to be aware of the interest rates charged, as each store has a specific charging rate.

Therefore, buying a cell phone in installments on a bill ends up being almost like a loan.

Therefore, as most installment purchases incur an interest rate, this option is no different.

So if you want to buy a cell phone in installments, be sure to research all the available options that work with this type of installment plan.

This way, you can make comparisons and decide which installment plan will best fit your budget.

Who can buy a cell phone in installments using a bank slip?

Paying in installments using a boleto is nothing more than paying a certain amount in installments without having to use up your credit card limit.

Or even, the ideal installment payment for people who don't have a credit card.

In this case, we are bringing to the table all the possibilities for you who want to buy a cell phone in installments using a bank slip.

Due to the crisis, many people opted for this option, as this installment plan can offer lower interest rates.

However, it is important to know that, like any other line of financial services, this one also requires credit approval to release the installment plan.

Therefore, some general criteria are necessary for the analysis to be carried out, and there may be some variations depending on the institution you choose.

But the criteria are basically as follows:

• Be over 21 years old;
• Not have more than 30% of committed income;
• And people with negative credit scores may have more difficulty getting clearance.

Therefore, if you meet the criteria mentioned above, be sure to have the necessary documentation so you can purchase the cell phone in installments on your card.

What is needed to buy a cell phone in installments using a bank slip?

Just like any line of credit, purchasing a cell phone in installments using a bank slip will also require a series of documents for analysis and approval of the purchase.

So, so that you don't waste time and already have everything in hand when it's time to buy a cell phone in installments using a bank slip, we'll provide you with the basic documentation required:

RG (Identity Card)

The ID is the most commonly used identification document in any banking transaction, including when requesting installment payments.

However, if you have any other document that contains your ID number, it may also be accepted for analysis of your installment purchase on the invoice.

The main documents that can replace the RG are CNH (National Driver's License), passport, or some professional class document, such as OAB or CRM, for example.

But it is important to be careful, as all documents presented must be within the expiration date.

CPF (Individual Taxpayer Registry)

Another document required for those who want to pay in installments using a bank slip is your CPF (Brazilian Individual Taxpayer Registry).

Because you can check your payment history through it.

Proof of income

Proof of income is required by most institutions that work with installment payments, including bills;

Proof of residence

Another document that may also be required to purchase a cell phone in installments is proof of residence.

But be careful, because if your proof of residence is in the name of a third party, you will need to prove through a declaration that you reside at the address.

Purchase value and number of installments

At the time of purchase, you will also need to inform the amount and number of installments you wish to make for the cell phone purchase in installments on the invoice.

This is where the entire calculation of the interest rate and the total amount you will pay for your cell phone in installments on the bill will be made.

Tips for saving money when buying a cell phone in installments

Having a cell phone nowadays goes beyond a simple luxury, as many people even use it as a work tool.

And often, the device is not a low-value item.

So, follow some tips we've prepared to help you buy a cell phone in installments without compromising your financial health.

Therefore, before buying a cell phone, check whether the device meets all your needs, and within that, check whether the installments will fit within your budget.

• Check your income: The first step for you who want to buy a cell phone in installments is to identify how much of your income you can commit to taking on this bill;
• Assess the need: Check what purpose you will have this expense for, whether for personal or work purposes;
• Think about your habits: Before choosing a cell phone, analyze what you actually use it for, whether for games, watching videos or creating content;
• Analyze your personal preferences: Regardless of your purpose for using your cell phone, there are some preferences you will have about the device, so think about them too.

Don't forget that you will be making a long-term financial commitment, depending on the number of installments.

Therefore, analyze all the possibilities before buying a cell phone in installments.

How do I buy a cell phone in installments using a bank slip?

Now that you've chosen your device and everything is ready, it's time to complete your purchase!

And since you've chosen to pay in installments using a bank slip to avoid compromising your credit limit, or even because you prefer this option, know that there are some alternatives.

That's right! Some companies offer this option and often perform a credit analysis during the process, as mentioned above.

Therefore, check out some options from companies that offer you the possibility of buying a cell phone in installments using a bank slip:

Provu Installment

Provu Parcelado is a payment method that allows you to buy cell phones in installments using a bank slip, among other products, simply by going through a credit check.

Therefore, your purchase can be made through online or physical stores that are partners of Provu in installments.

And the installment request is all online.

Love Parcelex

In partnership with Parcelex, the installment payment slip Love It also offers the possibility of purchasing in installments without a credit card and through a bank slip.

Payment can be made in up to 18 installments, just like a payment book.

This way, you can simulate all the values before closing the payment, all online and conveniently.

Casas Bahia digital booklet

Another option for buying a cell phone in installments without using a credit card is through Casas Bahia Digital Booklet

This installment option offers thousands of products available in online stores that can be paid in up to 24 installments through the app.

However, with this option, some products may require a minimum deposit for payment in installments.

So, pay attention to the conditions when buying a cell phone in installments using a bank slip.

Credit market

If you found your cell phone on Mercado Livre, you can use the Credit Market to buy a cell phone in installments on the bill.

This is a payment option offered by Mercado Livre itself and offers payment in up to 12 installments.

And everything is done online and without complications.

Is it worth buying a cell phone in installments?

Even with all our tips, you may still be unsure whether it's worth buying a cell phone in installments.

Well, there is no exact answer, as this is a very personal question and will depend on each person's financial situation.

However, if other options are not available, such as a credit card, paying for your cell phone in installments using a bank slip is certainly a good alternative.

But always be aware of all conditions and interest rates on installments.

Evaluate your options and be sure to run simulations at more than one financial institution.

Don't forget that buying a cell phone in installments using a bank slip is still a long-term expense, especially if you choose to pay in installments.

And speaking of installments, in addition to checking whether the installments will fit your budget, also evaluate whether paying the full amount of the cell phone will be worth it for you.

Conclusion

Buying a cell phone in installments using a bank slip is a good option for those who don't have a credit card or don't want to compromise their credit limit.

Therefore, if you are thinking about buying a new device, be sure to evaluate installment options and make comparisons.

This way, you'll be able to make a good purchase, within your financial means, and avoid future regrets.

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