Buy the new iPhone 8/8 plus/X! Know all the financing options here

The iPhone is one of the most sought-after mobile phones in the world and each year its launch is an event of its own. With the new iPhone 8/8 plus/X releasing in India with iPhone 8 and 8 plus releasing on September 29th in India where the iPhone 8 will have a starting price of Rs. 64,000 and the iPhone 8 plus starts from Rs. 77,000 and the iPhone X dubbed as the iPhone 10 will launch later in November and is expected to cost more than any other iPhone before.

This article is for those iPhone lovers helping them get a great deal on the phone and provide finance options that could help you get your dream iPhone and pay for it comfortably.

EMI Cards:

Bajaj Finserv's EMI Card is one option to buy your iPhone - An EMI Card is essentially a pre-approved loan which converts various purchases into easy EMIs. You can additionally choose your tenure and the amount that you are comfortable with to pay as EMIs. If you want to pay off your purchase earlier, there will be no penalty on foreclosure.

Credit Cards:

Some credit cards will also provide offers on getting the new iPhone. The other advantage is that after buying the iPhone 8 or 8 plus you can ask the card issuing bank to convert your payment into EMI which you can pay off at your leisure.  

Consumer durable loans:

There are many finance companies like Bajaj Finserv, Tata Capital, CapFirst, and Home Credit that offer consumer durable loans, which you could use to buy your mobile phone on EMIs. You can shop for your favorite mobile phone at one of the partner outlets and apply for the loan at the bill counter or apply for it online on their website. Documentation is minimal. If your documents are found to be in order, you will be approved, and you can walk out with your dream mobile in your pocket the very same day!

Lending technology platforms:

With new advances in financial technology every day, you can now buy your iPhone with the help of online lenders, using just your existing debit card! You can take advantage of various online lending platforms that let you shop using your debit card and convert it into easy EMIs.

Thanks to platforms like ZestMoney, Finomena, and FastBanking (now Kissht), you can shop with your debit card and have your purchase converted into easy EMIs. Approval is fast and documentation required is minimal.

EMI on your existing debit card:

Leading banks like Axis, HDFC and ICICI Bank let their customers buy mobile phones and other gadgets on EMI using their debit card! If you are a customer of any of these banks, you can simply buy your mobile phone by visiting the partner outlet where this offer is available. You can check with the bank's website for details on partner outlets and eligibility. Keep in mind that you will need the requisite balance in your savings account for the transaction to be approved.

Personal loan

You can also get a personal loan to get purchase the new iPhone as a personal loan promises a lump sum for all reasons in a short period of time. Before going for this option check your credit score and make sure you have a very good score so that you can a get a good interest rate.

With any of these options, you may even get the new iPhone at a lower price and also through a convenient mode of payment that you are comfortable with.