EMI stands for Equated Monthly Installments and through this, you can easily buy costly items and pay in monthly installments. The rate of interest varies from product to product and companies to companies. There are several companies which offer 0% finance EMI and it's called No Cost EMI which means that you can buy products at no additional interest rate or processing fee or down payment. It actually means that you incur no additional cost on the product that you purchase.
EMI on Domain Purchase
Today I was just going through one of old domain and looking whether it's available or not. I was surprised to see that my old domain is available for $2900 and also available for EMI purchase. That was the thing that attracted me and that was the thing that leads me to write this article.
So in this article, I will go through the guide on Domain EMI, who offers finance on domain name and things to know before making such a deal.
Are Domains available for purchase on EMI?
Yes, they are available from several domain retailers and top-sellers.
What is Domain EMI?
With EMI on Domain name, you can easily pay for costly domain name or the premium domain names easily over a fixed period of time on finance.
If you don't want to buy a domain name with an upfront payment, then some domain seller can help you to finance the domain purchase.
HugeDomains.com one of the premium domain seller provides finance on domain purchase.
How it Works
When you buy a domain it will be transferred to your own account with registrar NameBright.com. It will be registrar-lock until the full payment is made through EMI. It's just like a Car on insurance.
What Happens if I miss out an EMI?
If you miss out any of the payment plans, then the domain stops working and will take you to a page where it shows you need to make a payment. Once the payment is done, the lock will be removed.
So, that was everything to know about Domain EMI or Domain on Finance.