As the expensive pricing and data plans on Apple iPhone 3G shattered dreams of thousands of Indians who expected to become proud owners of the popular iPhone, the official providers Airtel and Vodafone made it easier to buy an iPhone by offering easy installment plans for potential iphone buyers.
Airtel EMI options lets customers buy the iPhone without having to pay the entire amount at one go. You can avail the EMI offer from several leading banks and pay the amount over a period of 12 months. E.g. ICICI bank offers instant loans with EMI of Rs. 2583 for 12 months on a 8GB iphone, with 0% interest rate, 0% preclosure fee, but a one time 12.65% processing fee.
Vodafone easy monthly installments are offered at Vodafone Store and is available on the several bank credit cards. E.g. Axis bank offers instant loans with EMI of Rs. 2663 for 12 months on a 8GB iphone, with 14% reducing interest rate, 3% preclosure fee, but a one time 1% processing fee.
The bank loan rates are so variable, that you need to carefully read the fine print, and besides the EMI monthly installments, also look at the extra money you would have to pay via interest rates, preclosure fees, and processing fees. Are you willing to buy an iphone now?