Planning to buy Apple iPhone 7 or iPhone 6 on EMI? Or, looking for options and offers to buy Apple iPhone 5S on EMI in India? Worry not. We will help you buy your favourite iPhone on EMI in India without burning a hole in your pocket. Use our Apple iPhone EMI calculator (below) to compare monthly EMI on iPhones from various banks at best online stores in India.
Note:Apple iPhone 7, 6S, 6, 6 Plus, 5S & 4S EMI offers in India were last updated on 22nd March, 2017.
How to use iPhone EMI Calculator?
To know the various EMI options and offers available on iPhone in India, follow the below steps:
- Select the iPhone model with storage capacity you wish to buy – iPhone 7, 6S, 6S Plus, 6, 6 Plus, 5S
- Select your favourite bank.
- Click/tap on Calculate EMI button.
iPhone on EMI - Interest Rate, Processing Fees & Payment Options
Most of the leading banks in India (ICICI, HDFC, SBI, Axis, Standard Chartered) provide EMI offers on iPhone 7, 6S, 6, 6 Plus, 5S & 4S. However, the interest rate and duration varies from bank to bank and store to store. For example, ICICI bank may provide iPhone 6 Plus on EMI at a different interest rate at Flipkart than HDFC. We recommend that you can use the above calculator to find & compare various EMI offers & options on iPhone in India.
All the banks at leading online stores in India (Flipkart, Snapdeal, Amazon & Paytm) provide EMI schemes on iPhone for 3, 6, 9 & 12 months. Some also provide extended EMI option with 18 or 24 months duration.
How buying an iPhone on EMI works?
Buying Apple iPhone 7, 6s, 6, 6 Plus, 5S, 4S or 4 on EMI is a simple process.
- Add the desired iPhone to your shopping cart like any other product and proceed to checkout
- On the payment page, select Credit Card (EMI) option.
- Select the bank and monthly instalment plan or duration you are comfortable with.
- Upon realization of payment from your bank, your order will be shipped.
Full amount will be charged on your credit card at the time of ordering your iPhone. You would need to repay the entire amount along with interest to your bank on a monthly basis in form of EMI for the selected duration.
Also note that your monthly credit limit on credit card will be reduced by monthly instalment that goes towards your iPhone EMI. For example, let’s assume that you have a CITI bank credit card with a monthly credit limit of Rs. 50000. And, you found some good iPhone 6 or iPhone 5S EMI offer with monthly EMI of Rs. 2000 for 24 month. Now, your CITI bank monthly credit limit will be reduced to Rs. 48000 from existing limit of Rs. 50000.
There are absolutely no processing fees or extra charges while buying iPhone on EMI at any of these stores. However, in case of return or exchange, interest charged by banks till that period will not be refunded by any of these stores. Debit card users are not be eligible to buy iPhone on EMI.