Get iPhone X at an EMI of ₹7,230

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Creating a benchmark in the consumer electronics industry, Apple entered the smartphone market with the iPhone in 2007. And on its tenth anniversary, it is going to mark another height by introducing iPhone X (pronounced as iPhone 10). Since the announcement in the month of September, people are eagerly waiting to get hold of this latest iPhone model. The price of iPhone X with 64GB storage is ₹89,000 and ₹1,02,000 for 256GB variant.

The pre-orders for the phone will start from October 27 and shipping will begin from November 3. The premium price of the phone cannot restrict the iPhone fans from buying it. And therefore, most people in India will opt for EMI payment. Flipkart the official iPhone e-tailer is offering various EMI options on credit cards from the top banks such as Amex, ICICI and SBI for variable tenure starting from 3 months. Apart from a credit card, the buyer has the option of taking consumer durable loan. Thus, have the flexibility to select repayment period according to their convenience.

iPhone X EMI on Credit Card

The EMI range for both the iPhone X variants for the tenure ranging from 3 months to 12 months is shown below:

Apple iPhone X (64GB)

The price of 64GB variant is ₹ 89,000 and if you are getting it on your credit card with interest ranging from 12%-14% then you have to pay the monthly installment accordingly:

Apple iPhone X (256GB)

Buying a smartphone worth ₹1,02,000 on EMI at the interest rate ranging from 12%-14% for the suitable time period will cost as below:

Payment3 Months 6 Months9 Months12 Months
EMI (in ₹)34,682 - 34,79617,600 - 17,70111,908 - 12,0059,063 - 9,158
Total Repayment Amount (in ₹)1,04,047 - 1,04,389 1,05,600 - 1,06,2051,07,168 - 1,08,0421,08,751 - 1,09,899

iPhone X EMI on Consumer Durable Loan

The monthly installment one has to pay for buying Apple phone on consumer durable loan availed at the interest rate of 15%-22% p.a. for the time period of 1 year is as follows:

VariantExpected Loan Amount (in ₹) EMI (in ₹)Total Repayment Amount (in ₹)
Apple iPhone X (64GB)80,1007,230 - 7,49786,756 - 89,963
Apple iPhone X (256GB)91,8008,286 - 8,59299,429 - 1,03,104

Note – 1) On availing the consumer durable loan the buyer has to make the minimum down payment of 10%.
2) The borrower has to pay borrowing fees of 2% (variable) and GST at the time of application

Pioneering Features of iPhone X

There is no doubt that Apple phones are the best phones in terms of specifications. Inspite of the high price, people still look forward to use this phone. The reason behind this fanatic desire is its advanced technology and uniqueness that makes it different from other iPhone models. The splendid iPhone X comes with a 5.80-inch touchscreen display with a resolution of 1125 pixels by 2436 pixels. The phone is available in silver and space grey colour variants. It is the fastest iOS phone powered by hexa-core Apple A11 Bionic processor with 3GB RAM. It promises superb picture quality with 12-megapixel primary camera on the rear and a 7-megapixel front camera for selfie lovers. It has 2716mAh non removable battery with Qi wireless charging facility. The phone measures 143.60 in height, 70.90 in width and is 7.70 thick and weighs 174.00 grams. The phone unlocks using Face ID. It has a dazzling super retina display that is designed on OLED technology. It’s all glass back and edge to edge screen display are the alluring features. The futuristic intelligent technology thus justifies its price.

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Personal Loan Interest Rates January 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates January 2018
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
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