The launch of the first-generation iPhone in 2007 was a game changer in the mobile phone market. Since then, newer and more advanced versions have drawn more and more fans. But its premium price tag keeps many people away. Sure, there are many options for buying iPhones through equated monthly instalments (EMIs). Yet, you need to pay interest on those EMIs. This pushes up the price. But what if you have an opportunity to buy an iPhone using Bajaj Finserv EMI Card on no-cost EMI?

Costs of Regular EMI Payments

Like the iPhone, the no-cost EMI may be a game changer. You get to shop on installment without bearing the associated costs. Typically, an EMI payment is subject to two kinds of costs.

First is the interest on the EMI payments. This can push up the cost of your purchase by a big margin. In general, the rate of interest ranges from 12% to 15%. Say, you buy an iPhone 6S at Rs 56,000 on EMI. An interest rate of 12% could increase your cost burden by nearly Rs 1,200.

The second cost is the processing fee. Some lenders waive the processing fee for shorter EMI tenures like three to six months. The processing fee generally ranges between Rs 100 and Rs 1,000 or more.

Convenience of EMIs for Big Buys

Now, keep aside the interest costs and processing fees. EMIs allow you to make big purchases without hurting your bank balance. That is a big advantage. Coughing up Rs 56,000 for an iPhone is no easy task. With an no-cost EMI plan of 12 months, for example, you can pay smaller EMIs of Rs.5,000.

It is easy to set aside Rs.5,000 every month. That is why the costs of an EMI seem like less of a burden. But what if you were to bypass even those costs?

Buy iPhone Online through Bajaj Finserv EMI Card

Bajaj Finserv has an EMI card that offers many benefits to shoppers. This is not a credit card. Rather, it takes the form of a pre-approved loan. So, it is ideal for buying pricey electronics like the iPhone on EMI without credit card. Besides, cardholders receive pre-approved offers from time to time.

For example, Flipkart’s ‘The Big Billion Days’ and Amazon’s ‘Great Indian Festival’ comes up next week, where you can get some great deals, all on no-cost EMIs

With iPhone prices dipping below Rs.50,000, you can get the 6S and 6S Plus at great prices. The 5S is also available in the Rs.20,000 range. Under no-cost plans like this one, you pay only the sticker price. No processing fees or interest charges apply.

The application process for the EMI card is super-easy. Either apply online or go to a partner outlet. Another key advantage is the instant approvals. Simply swipe your card to make a purchase. Buying an iPhone has never been this easy. So, if you need to buy an iPhone on EMI, Bajaj Finance could be an option.

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