4 Smartphones With Best EMI Schemes In India

Bangalore: Apparently, the high-end mobile manufacturers have found a way to tackle the biggest concern of Smartphone buyers in India- the price tag. The trick was an instant success with Apple, raising the sales upto almost 300 percent, that forced other companies to follow the same path.

The solution is quite simple- equated monthly installment or EMI in short. The only thing a customer needs to have is a credit card from any of the authorized banks, and the Smatphone will reach your hand with a small down payment, which sometimes surprisingly is zero.

Here is a list of Smarphones that you could own in the EMI scheme and information on how much (including hidden costs) you will be charged, compiled by Rediff.

#4 Apple iPhone 5 (8GB)

An Apple device is always the dream of a gadget lover. The only thing that possibly deters an average Indian customer from buying an iPhone is its price. However, in iPhone’s case, as a saying puts it, “you get what you pay for.”

Price: Rs 45,500

Down payment: Rs 16,900

6 EMIs: Rs 4,752 (Zero processing fee)

12 EMIs: Rs 2,376 (Processing fee: Rs 855)

No exchange; No cash back