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Apple iPhone 11, 11 Pro & 11 Pro Max on EMI, Credit Card and Price in India

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Highlights

  • iPhone 11, 11 Pro and 11 Pro Max Specifications and Price
  • Check EMI on Credit Card and Personal Loan to buy latest iPhone 11, 11 and 11 Pro Max.

The most awaited event of the year – the Grand Apple Event – just happened at Steve Jobs Theatre, Cupertino, California. Apple CEO, Tim Cook, unveiled the new iPhone 11 Pro and iPhone 11 along with a couple of marvellous surprises. With the new iPhone 11 series, Apple has surpassed all limits, furnishing the fans with top-notch camera, fastest processor, banging dolby atmos speakers and much more. Apple released some more ecstatic revelations like the announcement of the brand new iPad, Apple Originals (a content platform) and the Apple Arcade (a game hub).

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 11/11 Pro/11 Pro Max/XR/XS Price in India September 2019

Apple iPhone ModelsPrice
iPhone 11 (64GB)INR 64,900
iPhone 11 (128GB)INR 69,900
iPhone 11 (256GB)INR 79,900
iPhone 11 Pro (64GB)INR 99,900
iPhone 11 Pro (256GB)INR 1,13,900
iPhone 11 Pro (512GB)INR 1,31,900
iPhone 11 Pro Max (64GB)INR 1,09,900
iPhone 11 Pro Max (256GB)INR 1,23,900
iPhone 11 Pro Max (512GB)INR 1,41,900
iPhone XR (64GB)INR 49,900
iPhone XR (128GB)INR 54,900
iPhone XR (256 GB)INR 74,900
iPhone XS (64 GB)INR 89,900
iPhone XS (256 GB)INR 1,03,900
iPhone XS (512 GB)INR 1,34,900

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iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, iPhone XR and iPhone XS Full Specifications

AttributesiPhone 11iPhone 11 ProiPhone 11 Pro MaxiPhone XRiPhone XS
CPUA13 Bionic A13 BionicA13 BionicA12 BionicA12 Bionic
Dimensions (inches)5.94 by 2.98 by 0.335.67 by 2.81 by 0.32 6.22 by 3.06 by 0.325.94 by 2.98 by 0.335.65 by 2.79 by 0.30
Weight6.84 Oz6.63 Oz7.97 Oz6.84 Oz6.24 Oz
Screen Size6.1-inch 5.8-inch6.5-inch6.1 inch5.8 inch
Screen TypeLiquid Retina HD displaySuper Retina XDR displaySuper Retina XDR displayIPS LCDSuper Retina HD
Screen Resolution1792 by 8282436 by 11252688 by 12421792 by 8282436 by 1125
Screen Pixels Per Inch326 ppi458 ppi458 ppi326 ppi458 ppi
Front Camera 12 MP 12 MP12 MP7 MP7 MP
Rear CameraDual 12MP Ultra Wide and Wide cameras Triple 12MP Ultra Wide, Wide and Telephoto camerasTriple 12MP Ultra Wide, Wide and Telephoto camerasSingle 12MP Wide cameraDual 12MP Wide and Telephoto cameras
Video Camera Resolution4K, 1080p4K, 1080p4K, 1080p4K, 1080p4K, 1080p
microSD SlotNo No No No No
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Finance Options to Buy iPhone 11, iPhone 11 and iPhone 11 Pro 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 AmountInterest rate Loan tenureEMITotal Interest Outgo
iPhone 11
64GB6490015%-25%32,250-2,58016,092-27,995
128GB6990015%-25%32,423-2,77917,332-30,152
256GB7990015%-25%32,770-3,17719,811-34,465
iPhone 11 Pro
64GB9990015%-25%33,463-3,97224,770-43,902
256GB1,13,90015%-25%33,948-4,52928,242-49,131
512GB1,31,90015%-25%34,572-5,24432,705-56,896
iPhone 11 Pro Max
64GB 1,09,900 15%-25%33,810-4,05227,250-43,955
256GB1,23,90015%-25%34,295-4,92630,721-53,455
512 GB1,41,90015%-25%34,919-5,64235,184-61,209

Buy Apple iPhone 11/11/11 Pro 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.

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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.

Example Suppose you choose to buy iPhone 11 Pro Max with 512GB version. It costs INR 1,41,900 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 INR 12,808 and an interest of ₹11,792. The total cost of the phone would then ₹1,53,692.

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 AmountInterest rate Loan tenureEMITotal Interest Outgo
iPhone 11
64GB6490010.85%-25%32,120-2,58011,425-27,995
128GB6990010.85%-25%32,283-2,77912,305-30,152
256GB7990010.85%-25%32,610-3,17714,065-34,465
iPhone 11 Pro
64GB9990010.85%-25%33,264-3,97217,586-43,902
256GB1,13,90010.85%-25%33,721-4,52920,051-49,131
512GB1,31,90010.85%-25%34,309-5,24423,219-56,896
iPhone 11 Pro Max
64GB1,09,90010.85%-25%33,590-4,05219,347-43,955
256GB1,23,90010.85%-25%34,048-4,92621,811-53,455
512 GB1,41,90010.85%-25%34,636-5,64224,980-61,209
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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.

iPhone X, iPhone 8 & iPhone 8 Plus Got a Whole Lot Cheaper – Check Out the Prices!

Apple iPhone ModelsPrice
iPhone X (64GB)INR 91,900
iPhone X (256 GB)INR 1,06,900
iPhone 8 (64GB)INR 39,900
iPhone 8 (256GB)INR 74,900
iPhone 8 Plus (64GB)INR 49,900
iPhone 8 Plus (256GB)INR 83,790

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 AmountInterest rate Loan tenure
(years)
EMITotal Interest Outgo
iPhone X
64GB9190010.99%-25%33,008-3,65416,397-39,641
256GB1,06,90010.99%-25%33,499-4,25019,073-46,111
iPhone 8 Plus
64GB3990010.99%-25%31,307-1,5868,921-17,211
256GB7490010.99%-25%32,452-2,97813,364-32,308
iPhone 8
64GB4990010.99%-25%31,633-2,7438,903-21,524
256GB8379010.99%-25%31,984-3,33114,950-36,143

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

iPhonesLoan Amount (INR)Interest rate Loan tenure (years)EMI (INR)Total Interest Outgo (INR)
iPhone X
64GB9190015%-25%33,186-3,65422,787-39,641
256GB1,06,90015%-25%33,706-4,25026,506-42,112
iPhone 8 Plus
64GB3990015%-25%31,383-2,5969,893-18,571
256GB7490015%-25%31,586-2,97817,211-32,308
iPhone 8
64GB4990015%-25%31,730-1,98412,373-20,756
256GB8379015%-25%32,905-3,33121,524-36,143

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Personal Loan Interest Rates September 2019
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.45%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 18.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates September 2019
State Bank of India/SBI8.05% - 8.95%
HDFC8.35% - 8.95%
LIC Housing8.60% - 9.15%
PNB Housing Finance9.25% - 12.00%
Piramal Capital & Housing Finance9.00% - 9.10%
Tata Capital9.20% - 9.35%
ICICI Bank8.65% - 9.25%
Bank of Baroda8.40% - 9.40%
Axis Bank8.90% - 9.15%
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%