Posted on: May 28, 2024 Posted by: admin Comments: 0
How to Buy iPhone on EMI Without Credit Card

The allure of owning an iPhone is undeniable, but the upfront cost can be daunting. Fortunately, buying an iPhone on EMI (Equated Monthly Installments) without a credit card is now a viable option in India. This guide will walk you through the different methods and plans available to make this process seamless and affordable.

Buy iPhone on EMI Without Credit Card in India

EMI Plans via Debit Cards

Many leading banks in India offer EMI options on debit cards, making it easier for customers to purchase high-value items like an iPhone without needing a credit card. The process is straightforward:

  1. Check Eligibility: Verify if your bank provides EMI options on debit cards. Major banks like HDFC, ICICI, and Axis Bank offer such facilities.
  2. Select EMI Option: While purchasing the iPhone online or at a retail store, choose the EMI option and select your bank’s debit card for payment.
  3. Repayment Tenure: Choose a repayment period that suits your financial capacity. Tenures typically range from 3 to 24 months.
  4. Automatic Deductions: The EMI amount will be automatically deducted from your bank account on a monthly basis.

Must read: What is Credit Card Against Fixed Deposit?

No-Cost EMI Options

Some retailers and online platforms offer no-cost EMI schemes, which allow you to pay the product price in installments without any additional interest charges. Popular platforms like Amazon, Flipkart, and Apple Store provide these options during promotional periods. To avail of no-cost EMI:

  1. Check Retailer Offers: Look for no-cost EMI deals on e-commerce websites or at retail outlets.
  2. Use Partner Banks: Ensure your debit card is from a bank that partners with the retailer for no-cost EMI schemes.
  3. Zero Down Payment: In some cases, you may even find zero down payment offers, meaning you don’t have to pay anything upfront and can start with monthly installments.

Buy iPhone on EMI Without Credit Card and No Credit Check

Bajaj Finserv EMI Card

Bajaj Finserv provides an EMI Network Card that allows customers to convert their purchases into easy EMIs without the need for a credit card or extensive credit checks. Here’s how you can use it:

  1. Apply for the Card: Visit the Bajaj Finserv website or a partner store to apply for the EMI Network Card. The approval process is quick and requires minimal documentation.
  2. Purchase Your iPhone: Use the EMI Network Card at partner retailers or online platforms to buy the iPhone. Select a suitable EMI plan.
  3. Flexible Repayments: Choose from flexible repayment tenures ranging from 3 to 24 months.

Must read: Understanding Add-On Cards in Credit Cards

Personal Loans

Another way to buy an iPhone on EMI without a credit card is through a personal loan. Many banks and financial institutions offer personal loans that can be repaid in installments. This method involves:

  1. Loan Application: Apply for a personal loan either online or at a bank branch. Provide necessary documents such as income proof, ID proof, and address proof.
  2. Loan Disbursement: Once approved, the loan amount will be disbursed to your account, which you can use to purchase the iPhone.
  3. EMI Repayments: Repay the loan in EMIs as per the agreed terms. This approach often requires a credit check, but some lenders offer loans based on income proof alone.

Can I Buy iPhone on EMI Without Credit Card?

Yes, you can buy an iPhone on EMI without a credit card using several methods, including:

  • EMI on Debit Cards: Available through banks like HDFC, ICICI, and Axis.
  • No-Cost EMI Offers: Offered by e-commerce sites and retailers.
  • Bajaj Finserv EMI Network Card: No credit card required, minimal documentation.
  • Personal Loans: Banks and NBFCs (Non-Banking Financial Companies) provide loans repayable in EMIs.

iPhone on EMI Zero Down Payment

Retailer Schemes

Certain retailers offer zero down payment options on iPhones, allowing customers to take the device home without any initial payment. These schemes often come with flexible EMI plans and can be availed as follows:

  1. Check Offer Availability: Inquire at major retail stores like Croma, Reliance Digital, or online platforms for zero down payment offers.
  2. Select EMI Plan: Choose a suitable EMI plan at checkout, ensuring there are no hidden charges or interest rates.

Bank Partnerships

Banks sometimes partner with retailers to provide zero down payment options on electronics. For instance, Axis Bank and HDFC Bank frequently run such offers during festive seasons.

Must read:How Many EMI Are Possible on a Single Card?

How to Buy iPhone on EMI with Debit Card?

Step-by-Step Process

  1. Choose Your iPhone: Select the iPhone model you wish to purchase from an online or offline store.
  2. Select EMI Option: At the payment stage, choose the EMI option and select your debit card.
  3. Enter Details: Provide your debit card details and select the desired EMI tenure.
  4. Confirmation: Complete the transaction. The EMI amount will be automatically deducted from your bank account each month.

Bank-Specific Offers

  • HDFC Bank: Provides EMI options on debit cards with flexible tenures.
  • ICICI Bank: Offers instant EMI conversion on eligible debit card transactions.
  • Axis Bank: Allows debit cardholders to convert their purchases into easy EMIs.


Purchasing an iPhone on EMI without a credit card is not only possible but also convenient with various options available in India. From using your debit card to availing personal loans or specialized EMI cards, there are multiple ways to spread the cost of your iPhone purchase over time without the need for a credit card. Always ensure to check for the best offers and understand the terms and conditions before proceeding.

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