Today you can finance an iPhone through affordable EMIs both online and in stores. Numerous lenders in India offer short-term loans, EMI plans and credit card conversion options that make buying an iPhone easier and more affordable.
With many choices available, deciding which EMI option to pick can be overwhelming—especially for higher-end Apple iPhones. Below is a concise guide to current iPhone models, how to buy an iPhone on EMI, the advantages of EMI purchases, and common questions to help you choose the right option.
iPhone Models You Can Choose
Here are some of the current iPhone models you can consider:
iPhone 13
The iPhone 13 family includes iPhone 13, 13 Mini, 13 Pro and 13 Pro Max. Prices start around ₹59,900, depending on the variant and storage. Colour choices vary by model, with options such as red, midnight, starlight, pink, Sierra blue and green.
iPhone 14
iPhone 14 is available as iPhone 14, 14 Plus, 14 Pro and 14 Pro Max. This series offers up to 1TB storage on higher-end models and starts at approximately ₹69,900. Common colours include red, midnight, purple, starlight and yellow, varying by variant.
iPhone 15
iPhone 15 comes in iPhone 15, 15 Plus, 15 Pro and 15 Pro Max. As the latest generation, it brings notable upgrades such as a titanium body and an improved chip for better performance. Retail pricing begins around ₹79,900 for base configurations.
Choose the model, storage and colour that best fit your needs and budget. After selecting your preferred iPhone, the next step is to decide how you want to finance the purchase.
How to Buy an iPhone on EMI
One of the simplest ways to buy an iPhone on EMI is by converting your credit card purchase into equated monthly instalments. Credit card EMI conversion is widely available at retailers and online stores and can also cover accessories along with the phone.
Typical steps to convert a purchase to EMI using a credit card are:
Step 1: Make a purchase that meets the minimum transaction amount required for EMI conversion (commonly around ₹2,500).
Step 2: Select an EMI tenure that matches your cashflow—tenures commonly range from 6 to 24 months on credit card EMIs.
Step 3: Pay any one-time processing or conversion fee the issuer requires.
Step 4: Authenticate the conversion as required by the bank or merchant to complete the transaction.
Before finalising, verify the interest rate, processing fees and total cost payable over the EMI tenure so you clearly understand the effective price.
Benefits of Shopping on EMI with a Credit Card
Using a credit card EMI option offers several benefits that make buying an iPhone more manageable:
- Avoid a large lump-sum payment by spreading cost into manageable instalments.
- Simpler monthly budgeting due to predictable, fixed EMIs.
- Potential rewards and cashback on card spends, depending on your card’s features.
- Some cards provide additional perks such as lounge access, fuel surcharge waivers, dining discounts and partner offers.
- Regular, timely EMI payments can help build a positive repayment history, which supports your credit score for future loans.
For example, certain new credit card offerings combine EMI conversions with cashback on specific categories, UPI linking for easy payments, and welcome benefits like complimentary airport lounge access and dining discounts. Always check the exact benefits, terms and eligibility with the card issuer before applying.
FAQs on Buying an iPhone on EMI
Can I pay for an iPhone in instalments?
Yes. Many banks and credit card issuers allow you to convert an iPhone purchase into EMIs. Typical EMI tenures available via credit cards range from 6 to 24 months, letting you spread the cost over time.
Can I get an iPhone on EMI without using a credit card?
Yes. Alternatives include personal loans, buy-now-pay-later options and merchant-financing plans. Personal loans can offer longer tenures—often up to 36 months—and fixed monthly instalments. Compare interest rates, tenure and processing fees across options before choosing.
What is the EMI option for the iPhone?
EMI amounts depend on the phone’s price, down payment (if any), interest rate and tenure. When using a credit card EMI plan, you can typically choose tenures from 6 to 24 months. For personal loans or other financing, longer tenures may be available. Calculate total cost and monthly outflow to determine the most affordable option for your budget.