What Are The Different No-Cost EMI Options On iPhone?

Retailers frequently offer no-cost EMIs (equated monthly payments) to purchase high-priced items such as Apple iPhones and other consumer goods that consumers may find difficult to pay for all at once. In such cases, an EMI option, particularly a no-cost EMI, may be a good choice for customers to explore.

The option for No Cost EMI on iPhone is distinct from the standard EMI option often provided by dealers. This article discusses all the ways you can purchase one for yourself.

The Popularity of the iPhone – Why Should You Buy It?

The iPhone was considered “anti-corporate” when it initially came out, but now it is the ultimate business machine. It’s built in such a way that you can operate a business from the palm of your hand.

Although both the iPhone and Android smartphone systems are wonderful, the iPhone is more popular and has a larger market. Many find it difficult to select between these two operating systems when acquiring a new phone, but eventually, there are more than enough reasons to choose iOS over Android.

In comparison to Android smartphones, iOS is unquestionably quicker and smoother. Android smartphones typically slow down and commonly hang as time passes, but such issues are uncommon with iOS devices. Even in terms of performance, iOS outperforms Android. An iPhone’s speed appears to be a magical illusion due to its excellent internal specs. Furthermore, when compared to Android phones, iPhones have more internal storage.

The iPhone is a basic phone that is one of the easiest to operate. The user interface is so easy and uncomplicated that you can quickly learn to operate every feature. The nicest part about iOS is that it is simple to understand, making it superior to Android smartphones. Besides, Apple’s operating system is quite responsible when it comes to software upgrades. They are highly familiar with their equipment and capabilities and distribute updates that you can install right away.

Coming to security, iOS offers regular device upgrades, a more restricted setting, and a controlled app store that limits security threats. Thus, despite the ongoing debate about whether iOS is more secure than Android, most consumers choose Apple.

What exactly are No-Cost EMIs?

Retailers and e-commerce platforms allow you to pay for a high-priced item in monthly installments, similar to a traditional EMI. However, no interest is charged to the buyer under this choice. In essence, you pay the product’s actual cost in an EMI format, and there is no extra charge. 

No-cost EMIs operate through a three-way relationship between a store, a bank, and the client. This strategy benefits all three parties. For example, the client may buy expensive items and pay for them in monthly installments without incurring any additional interest costs. As a result, the bank gains a new source of income, and the merchant shares a percentage of its margins with the bank, resulting in higher sales of high-priced products.

How to get a No-Cost EMI on an iPhone?

Contrary to its language, no-cost EMI does incur certain costs, depending on the product’s pricing. Customers that take advantage of this method often have two options:

  1. Equivalent of discount to interest on EMI: If a consumer receives a particular discount for making an upfront purchase of a product, the store offers the same thing for full price with an EMI option in a no-cost EMI option. This provides you with the option of paying the item’s price in monthly installments.
  1. Interest is built-in: Some shops include the interest component in the product’s price and offer a no-cost EMI to consumers who want to take advantage of the flexible payment option.

In both circumstances, you as a buyer may believe you are purchasing an iPhone that you cannot afford as an upfront payment, but in reality, some interest and other charges are incorporated into the amount you are paying.


You can pay in low monthly installments with EMI and save money upfront with whichever iPhone you choose. No Cost EMI on iPhone is available for 3, 6, or 12 months. In addition, if you’re purchasing a new iPhone, you may trade in your old one for quick credit.

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