iPhone 11 Pro Max on EMI What Options Do You Have?

The recent launch event that took place at the Steve Jobs Theater was surely one of the most awaited events of the year. And definitely, it was all worth the wait. The moment the iPhone 11 pro max was pitched, I swear, my heart just wanted to own it right away. But, like most of us, I didn’t have that kind of money to go buy it right now. So, a friend of mine was like, “There are a couple of options by which you can own iPhone 11 pro max at the earliest.” One option that got me hooked was the – iPhone 11 pro max on EMI. Let me explain how you can own iPhone 11 pro max even if you don’t have the money to buy it right now:

Consumer Durable Loan: As we all know, phones come in the consumer durable category. To help people buy these consumer durables, banks and other lending institutions provide consumer durable loans. It is like regular loans, taken for a short duration, where you have to pay monthly installments (which comprises of principal and interest).  Rate are slightly higher than personal loans but it is readily available. Also, only 80-90% of the cost the iPhone 11 pro max will be financed. It popularly known as whilte loan option.

Personal Loan: The next in line is a more popular option, personal loans. If you want to own the iPhone 11 pro max on EMI, what better way to do it than a personal loan? Interest rates are low, can be availed hassle-free and all lenders provide a personal loan. A loan of INR 1,00,000 will just be fine for buying the iPhone 11 pro max. You can get a personal loan at an interest rate as low as 10.85%. The interest rate procured by you depends on a variety of factors – personal income, credit score, age and much more. This loan can be taken for a duration of your choice. But it is advisable to take the loan for a shorter tenure because the longer the duration, higher will be the interest that you’ll have to pay.

Credit Cards: You can also own the iPhone 11 pro max on EMI using credit cards. These are widely used instruments to make purchases that have a high price. This is because most of us don’t have the purchasing power to own it as soon as the phone is launched. Also, it is the easiest and the most convenient way to own the iPhone 11 Pro Max. All you have to do is just swipe your card and enter the PIN details, to go home with an iPhone. Or, if you are doing it online, just enter a few details and convert the transaction into an EMI transaction of a tenure of your choice. However, do remember to pay your credit card bills on or before the due date to avoid any penal charges.

These were the three ways by which you can buy iPhone 11 Pro Max on EMI. Choose which fits you the best according to your repayment capacity.