If you’ve ever wondered whether you can buy an iPhone on a loan, the answer is a resounding yes! With flexible financing options available, purchasing your dream iPhone is easier than ever. Here’s a detailed guide on how to get started.
Loan Options to Purchase an iPhone
- Bank and NBFC Loans
Many banks, like ICICI, and Non-Banking Financial Companies (NBFCs) offer loans to purchase an iPhone. These options often come with affordable EMIs and cashback offers. - Zero Down Payment with ZestMoney
Platforms like ZestMoney allow you to purchase an iPhone with zero down payment. Simply register online and use your credit at partner stores like Amazon, Flipkart, or nearby retailers like Apple resellers. - Bajaj Finserv Insta EMI Card
This card offers a hassle-free way to buy an iPhone with no upfront cost. The repayments are broken into easy monthly installments. - Exchange Offers
You can trade in your old iPhone to reduce the cost of the new one. For example, trading in an iPhone 14 for an iPhone 16 could save you up to ₹32,100.
iPhone 16 Pricing in India
Here’s a quick look at the prices for the iPhone 16 series:
| Model | Variant | Price |
|---|---|---|
| iPhone 16 | 128GB | ₹79,900 |
| iPhone 16 Pro Max | 1TB | ₹1,84,900 |
EMI Plans for iPhone 16
You can purchase an iPhone 16 with various EMI options, depending on the bank and card type.
- Example EMI Calculation (6 Months):
- Base Model Price: ₹79,900
- Interest Rate: 15.99% p.a.
- Total Payment: ₹83,667 (₹3,767 as interest)
For no-cost EMI, banks like ICICI, HDFC, and Axis offer instant cashback on transactions above ₹10,001.
EMI Plans with Debit Cards
You can also use debit cards to finance your purchase. EMI details vary based on the bank, but options for 3, 6, 9, and 24 months are available.
Can You Buy an iPhone with ₹0 Down Payment?
Yes! Services like ZestMoney allow eligible users to buy iPhones without any upfront payment. Register and shop at partner stores to avail of this benefit.
Final Thoughts
With various loan options, cashback offers, and EMI plans, owning an iPhone has become more affordable. Whether you choose a zero-down-payment plan or a bank loan, you can now bring home the iPhone of your dreams without financial stress.
