Apple iPhone XR, XS & XS Max on EMI, Credit Card and Price in India

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Highlights

  • iPhone XR, XS and XS Max Specifications and Price
  • Check EMI on Credit Card and Personal Loan to buy latest iPhone XS, XR and XS Max.

Apple created a buzz last year by launching iPhone X, iPhone 8 and 8 Plus at Steve Jobs Theatre, Cupertino, California, on September 12, 2017. But, the announcement of iPhone XS, iPhone XS Max, and iPhone XR was nothing less than a lion’s roar. Apple has once again surprised people be it in terms of high priced iPhone series or unbeatable features. People who have been continously buying iPhones are super excited to buy at least one of them.

All eyes are now on the finance options one can avail to buy these lates iPhones. While some have options to buy it via credit cards, consumer durable and personal loans are also great choices for availing new iPhones. The cost of purchase via any of these financing options will decide which one you would buy. Let’s talk about new iPhones prices and what are the different options through which you can buy one for yourself.

Apple iPhone XR/XS/XS Max Price in India November 2018

iPhone ModelsPrice
iPhone XR 64GB₹76,900/-
iPhone XR 128GB₹81,900/-
iPhone XR 256 GB₹91,900/-
iPhone XS 64GB₹99,000/-
iPhone XS 256GB ₹1,14,900/-
iPhone XS 512GB₹1,34,900/-
iPhone XS Max 64GB
₹1,09,900/-
iPhone XS Max 256GB₹1,24,900/-
iPhone XS Max 512 GS₹1,44,900/-

iPhone XR, iPhone XS and iPhone XS Max Full Specifications

AttributesiPhone XRiPhone XSiPhone XS Max
CPUApple A12 BionicApple A12 BionicApple A12 Bionic
Dimensions (inches)5.94 by 2.98 by 0.335.65 by 2.79 by 0.306.2 by 3.05 by 0.30
Weight6.84 lbs6.24 Oz7.34 Oz
Screen Size6.15.86.5
Screen TypeIPS LCDSuper Retina HDSuper Retina HD
Screen Resolution1792 by 8282436 by 11252688 by 1242
Screen Pixels Per Inch326 ppi458 ppi458 ppi
Camera Resolution12 MP Rear/ 7 MP FrontDual 12 MP Rear/ 7 MP FrontDual 12 MP Rear/ 7 MP Front
Video Camera Resolution4K, 1080p4K, 1080p4K, 1080p
microSD SlotNoNoNo
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Finance Options to Buy iPhone XR, iPhone XS and iPhone XS Max – Find the Best One for You

A phone no more a need but status symbol and Apple has made it clear in launching its new iPhone series where the prices go up to ₹1.45 lakhs. These high budget iphones can be bought via a credit card or personal loan or white good loan (consumer durable loan).

White Good Loan Option

You can also avail a white good loan, popular as consumer durable loan, to buy the latest iPhones. The interest rates can range from 15%-25% for a tenure of upto 3 years, while the quantum of loan is likely to be 85%-90% of the cost of the iPhone. The rest 10%-15% has to be paid from your end in the form of a margin. In addition to the interest and margin, you also need to pay a processing fee that equals to about 2% of the loan amount.

You can even check the table below illustrating the applicable EMI and the interest outgo for a period of 3 years on a loan amount calculated at 90% of the cost of the iPhones. The remaining 10% needs to be paid from your end as part of a down payment.

iPhonesLoan Amount (In ₹)Interest Rate (In % p.a.)Tenure (in Years)EMI (In ₹)Total Interest Outgo (In ₹)
iPhone XR (64GB, 128GB, 256GB)76900, 81900, 9190015%-25%3₹2,666/₹2,839/₹3,186- ₹3,058/₹3,256/₹ 3,654₹19,067/₹20,307/₹22,787 - ₹33,171/₹35,328/₹ 39,641
iPhone Xs (64GB, 256GB, 512 GB)99000, 114900, 134900 15%-25%3₹3,432/ ₹3,983/₹4,676 - ₹3,936/₹4,568/₹5,364₹24,547/ ₹28,490/₹33,449 -
₹42,704/₹49,563/₹58,190
iPhone XS Max (64GB, 256GB, 512 GB)109900, 124900, 144900
15%-25%3₹3,810/₹4,330/₹5,023 - ₹4,370/₹4,966/₹5,761₹27,250/₹30,969/₹35,928 - ₹47,406/₹53,876/₹62,503

Buy Apple iPhone XR/XS/XS Max on EMI

A credit card gives you the option to buy anything instantly. The massive shopping accessibility at both online and offline platforms gives credit card an edge over other finance options. Everytime a new iPhone is launched, banks start offering cashback offers on credit cards. These credit cards give you the option to buy your iPhone instantly with full payment or on EMI. So, let’s understand both the options from a wide angle.

Apply for Credit Cards

Paying the entire cost at one go relieves you from the burden of interest liability and the taxes. But there is a catch here. The interest and taxes won’t arise provided you have paid the bill in full. A lot of people tend to pay only the minimum due amount, which is calculated at 5% of the outstanding balance in a particular billing cycle, to avoid a default. And the pattern continues…By doing so, they let their credit revolve and add interest & taxes to the bill each month.

The card EMI option, on the other hand, allows you to pay the bills in easy installments for a specific length of time. Usually, the EMI option comes with a tenure of 6 months-3 years at an interest rate of 12%-18% per annum. On the interest charged each month, the concerned credit card issuer will also debit the applicable taxes. It is a good option for those wanting to repay in small chunks. However, if you want to contain the outflow of interest from your pocket, you can choose a comparatively shorter tenure to do so. The taxes will also come down with a reduction in the interest liability.

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Example– Suppose you choose to buy iPhone XS Max with 512GB version. It costs ₹1,44,900 and you buy it using your credit card EMI option. You are planning to choose a 1 year tenure. Assume the interest rate stands at 15% p.a. For 1 year tenure, you would be paying an EMI of ₹13,078 and an interest of ₹12,041. The total cost of the phone would then ₹1,56,941.

Customized Personal Loan for iPhones

You can avail a personal loan, a type of unsecured credit, to buy your desired iPhone. The interest rates are likely to range from 10.85%-25% across the lenders in India. You can definitely negotiate with the lender to lower the rates provided you have a sound credit profile, healthy income and a good repayment potential.

Apply for Personal Loan

After getting a brief on a personal loan, it’s time to check out the installment you are supposed to pay on a monthly basis. So, let’s calculate the same for each of the iPhones taking into account a 3-year personal loan tenure, in the table below.

iPhonesLoan Amount (In ₹)Interest Rate (In % p.a)Tenure (In Years)EMI (In ₹)Total Interest Outgo (In ₹)
iPhone XR (64GB, 128GB, 256GB)76900, 81900, 9190010.85%-25%3₹2,512/₹2,675/₹3,002 - ₹3,058/₹3,256/₹3,654₹13,537/₹14,418/₹16,178- ₹33,171/₹35,328/₹39,641
iPhone XS (64GB, 256GB, 512 GB)99000, 114900, 134900 10.85%-25%3₹3,234/₹3,754/₹4,407 - ₹3,936/₹4,568/₹5,364₹17,428/₹20,227/₹23,748 -
₹42,704/₹49,563/₹58,190
iPhone XS Max (64GB, 256GB, 512 GB)
109900, 124900, 144900
10.85%-25%3₹3,590/₹4,080/₹4,734 - ₹4,370/₹4,966/₹5,761₹19,347/₹21,987/₹25,508 - ₹47,406/₹53,876/₹62,503

 

Savings Can Be a Game Changer!

You can use the savings to buy the iPhones and avoid the interest repayment which happens in the case of a loan. The savings can be the balance lying in a bank account, fixed deposit, mutual fund, public provident fund (PPF), among others. However, before using the savings option, you need to do a bit of homework. And that is to check the amount which comes to your hand after withdrawing the money, required to buy the iPhones, from the accumulated reserves. If the amount turns out to be substantial, the lone option of savings can be availed. Otherwise, you can either take the combo of loan and savings or loan alone to buy the iPhones you want.

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iPhone X, iPhone 8 and 8 Plus Price in India with GST

iPhone ModelsPrice (in ₹)Pre-order DateSale Starts From
Apple iPhone 8 (64GB)64,000September 22, 2017September 29, 2017
Apple iPhone 8 (256GB)77,000September 22, 2017September 29, 2017
Apple iPhone 8 Plus (64GB)73,000September 22, 2017September 29, 2017
Apple iPhone 8 Plus (256GB)86,000September 22, 2017September 29, 2017
Apple iPhone X (64GB)89,000October 27, 2017November 3, 2017
Apple iPhone X (256GB)1,02,000October 27, 2017November 3, 2017

No Harm in Availing Reliance Jio Buyback Offer

Reliance Jio has launched a buyback offer wherein the buyers will get back 70% of the price if they stick to Jio Network for a year before returning the iPhones. At the moment, the offer is available for the buyers of iPhone 8 and 8 Plus which are currently launched in India. The same offer will be applicable to iPhone X when it makes its way out to India in November.

Specs & Features of iPhone X, iPhone 8 and 8 Plus

The new iPhones come with never seen before features. Wanna delve deeper into the specifics? Check out the table below.

Apple iPhone XApple iPhone 8 PlusApple iPhone 8

  • 5.8" Super Retina HD Display

  • 12MP wide-angle and telephoto cameras

  • Face ID

  • A11 Bionic Chip

  • Wireless Charging (works with Qi Chargers

  • HDR Display

  • 2436x1125 Pixel Resolution at 458 ppi

  • Neural engine

  • 7MP TrueDepth Front Camera

  • Available in silver and space grey colours


  • 5.5" Retina HD Display

  • 12MP wide-angle and telephoto cameras

  • Touch ID

  • A11 Bionic Chip

  • Wireless Charging (works with Qi Chargers

  • 1920x1080 Pixel Resolution at 458 ppi

  • Neural engine

  • 7MP FaceTime HD Front Camera

  • Available in silver, space grey and gold colours


  • 4.7" Retina HD Display

  • 12MP camera

  • Touch ID

  • A11 Bionic Chip

  • Wireless Charging (works with Qi Chargers

  • 1334x750 Pixel Resolution at 458 ppi

  • Neural engine

  • 7MP FaceTime HD Front Camera

  • Available in silver, space grey and gold colours

Buy iPhone X, iPhone 8 and 8 Plus Via Personal Loan

iPhonesLoan Amount (In ₹)Interest Rate (In % p.a)Tenure (In Years)EMI (In ₹)Total Interest Outgo (In ₹)
iPhone X (64GB/256GB)89,000/1,02,00010.99 - 2532,913 - 4,05615,880 - 43,998
iPhone 8 Plus (64GB/256GB)73,000/86,00010.99 - 2532,390 - 3,41913,025 - 37,096
iPhone 8 (64GB/256GB)64,000/77,00010.99 - 2532,095 - 3,06211,419 - 33,214

Buy iPhone X, iPhone 8 and 8 Plus Via Consumer Durable Loan

iPhonesLoan Amount (In ₹)Interest Rate (In % p.a.)Tenure (in Years)EMI (In ₹)Total Interest Outgo (In ₹)
iPhone X (64GB/256GB)80,100/91,80015 - 2532,777 - 3,65019,861 - 39,598
iPhone 8 Plus (64GB/256GB)65,700/77,40015 - 2532,278 - 3,07716,290 - 33,387
iPhone 8 (64GB/256GB)57,600/69,30015 - 2531,997 - 2,75514,282 - 29,893

Personal Loan Interest Rates November 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates November 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.00% - 9.25%
Axis Bank8.80% - 9.05%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%