EMIs: The Smarter Way to Buy your iPhone

iPhones are not just mobile phones, they are an aspiration. Not surprisingly, the global demand for iPhone 13, Apple’s latest gift to its fans, surpassed its supply by several million during the holiday season in December 2021. Apple recorded a sale of more than 40 million iPhone 13 during this period. 

Unquestionably, the most loved phones universally, iPhones come with unmatched features like advanced security, ultra-fast performance, and a crystal clear display. 

Have you been planning to buy this head-turner but have been deterred due to its exorbitant price?

The smartest way to get an iPhone is to buy it on EMI. 

Here’s why you should buy an iPhone on EMI and how to buy an iPhone on EMI without credit card. 

Why Buy an iPhone on EMI?

Not just iPhones, buying any expensive product on an EMI can give several benefits. Buy an iPhone on EMI for the following benefits:

• Access to a better model: iPhones are available in various models, and the top-end models cost lakhs. While you may be able to buy a base variant of the iPhone by paying the lump sum amount, buying it on an EMI can give you access to a better model with more advanced features. Select a better model of the iPhone and pay in easy instalments for it.

• Keeps savings intact: Due to the high price of an iPhone, a buyer may have to dig into his savings to buy the iPhone by paying its full cost at the time of the purchase. Instead, pay in EMIs and keep those savings for the rainy days. Remember, savings in your bank account give your financial and emotional security for yourself and your family. 

• 0% interest on EMIs: With the feature of 0% interest on EMIs, it is all the more attractive to buy an iPhone on EMI. Buy a better version of the phone and earn interest on the savings in your bank account. If you are an investment enthusiast, you can also use these savings to invest them in various financial instruments and earn handsome returns.
• Build a strong credit score: Take an iPhone on EMI and pay the instalments on time without failing to improve your credit score. A good credit score will support your lending application for future loans or purchases on EMIs.

How to buy iPhone on EMI

There are several ways of buying an iPhone on EMIs even if you do not want to buy an iPhone on EMI without credit card. 

• Online EMI platforms: These days, several online EMI apps are available for buyers. They can buy an iPhone using one of these online platforms and split up the phone’s cost into EMIs. These apps offer quick credit to make funds available to buyers whenever they need them. You can pay back the money in easy instalments over a specific period. 

Customers can use the credit from these platforms for both online and offline shopping to buy iPhones and other favourite products. 

Use a reliable app to get quick approvals and a hassle-free application process. Additionally, these apps ask for a minimum or no paperwork and ask the customer to furnish only some basic personal and bank details. 

• Online shopping websites: It is common for online shopping websites to offer no-cost EMIs on various gadgets, including the iPhone. These shopping websites offer the interest charged by banks as a discount to the customer, making the EMIs interest-free effectively. However, this offer is available only on selected products, so the buyer needs to check if he can buy the iPhone of his choice using this option.
• Debit Cards: For customers who want to buy an iPhone on EMI without credit card, banks offer an EMI facility on debit cards too. Visit the nearest branch of the bank or log on to their website or mobile application to find out the eligibility criteria and interest charged on debit card EMIs.  

iPhones are a mark of class and luxury and tell that you have arrived. For gadget lovers, Apple products are the ultimate buy, and iPhones are at the top of their list. Do not be left behind and take advantage of the buy now pay later rage. Grab your favourite iPhone without burning a hole into your savings with the numerous EMI options discussed above.