Published on Nov 29, 2022Updated on Aug 30, 2026
iPhones stay on everybody’s mind when they are launched. From style to functionality, iPhones are known as the best brand that one can carry, both as a status symbol and as a workplace accessory. Today, the latest iPhone version in the market is the iPhone 14 series with the iPhone 14, iPhone 14 Pro, iPhone 14 Pro Max, and iPhone 14 Plus.
But if you do not want to spend a bulk amount of money on this device at once, is there a way you can buy the Apple iPhone on installments? Yes! You can buy an iPhone on EMI without a credit card by taking out a personal loan. This way, you need not disrupt your personal savings or make sudden withdrawals; you can simply take external financial aid. This article explains how to buy the latest iPhone on EMI.
On EMI, you can go for the following iPhone models:
The price of this model in India starts at around INR 1,50,000. Its classy design and powerful camera with iOS 16 technology makes it worth the price tag. Its high battery life and smooth UI is everything you need.
This model costs around INR 1,30,000 and has a 120Hz refresh rate, which is one of the highest in the category. Now in silver, gold, purple, and black, this model can transform the way you talk, text, and navigate through work.
The upgrade from iPhone 13 brought along in this phone a change in features, interface, camera, and processors. You have the benefit of wireless charging and long battery life with this phone. It costs around INR 89,000.
You can take up a personal loan for shopping if you want to buy the latest iPhones on EMI. With a personal loan, you can receive instant* funds in your account shortly after approval, and go ahead with your purchase without delay. The benefits of taking up a personal loan in this case are:
You can apply for a personal loan online for an amount equivalent to the price of your iPhone. The interest rates on personal loan are as low as 12.5%* per annum, which means that EMIs will be extremely affordable. For instance, if you take up a personal loan for INR 2,50,000 at an interest rate of 12% and choose the time period of the loan to be 36 months, then your monthly equated instalment comes to only INR 8,302. This will avoid all financial burden on your back and you can enjoy the latest iPhone in hand.
Must Read: Here's How to Upgrade Your Lifestyle using a Personal Loan?
To avoid doing these calculations manually, you can use the online personal loan EMI calculator.
Here is how you can apply for a personal loan with SMFG India Credit:
Fill in basic identifiers like mobile number, PAN, pincode, and employment category (salaried or self-employed).
Verify your mobile number by entering the 6-digit OTP sent to your registered mobile number.
Input further details including email address, date of birth, gender, and annual household income. Ensure to verify your email ID as well.
Provide the relevant job information if you are receiving a salary.
Please send your bank statement using Net Banking, an Account Aggregator, or by uploading it. Your banking information will be used to generate a loan offer (only for salaried applicants).
Complete the digital verification process for your identity (including taking a selfie) and sharing address information, which can be done using CKYC, Offline Aadhaar XML-based KYC, or DigiLocker.
Submit bank details to be verified by us.
After the bank account is successfully verified, proceed to give some more information in the section ‘Additional Details’.
Decide on a re-payment method between a debit card and internet banking, and finalise the E-NACH setup.
Carefully review and sign the loan agreement digitally, and authenticate it with an OTP.
Get closer to your financial targets by following these easy instructions to apply for a personal loan at SMFG India Credit.
It is the dream of every individual to grab the latest iPhones in town since there is a certain pride and positive confidence associated with the act. If you wish to enjoy the possession of these powerful devices, opt for buying an iPhone on EMI without credit card through an instant* online personal loan. Check your eligibility through SMFG India Credit’s online eligibility calculator and apply now.
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
The content of this article is for information purposes only and does not constitute as, an offer or advise to avail any products or services from, or, a commitment to grant any loan by the company. It is not intended to create any rights or obligations against us. All content is provided "as is" without any warranty of any kind, either express or implied & we disclaim any warranty or representation, whatsoever, in regards to the content. Please refer to the Privacy Policy of the company to understand the use, processing and storage of your personal data.
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