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Take the first step towards a Personal Loan for iPhone today.

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Personal Loan for iPhone

Owning the latest iPhone is now easier than ever with a personal loan designed specifically for smartphone purchases. Whether upgrading to a flagship model or buying your first Apple device, this loan allows you to spread the cost into affordable EMIs. With instant approval, zero collateral, and flexible repayment tenures, you can purchase your dream iPhone without financial strain. Even if you don’t have a credit card, this personal loan ensures a seamless buying experience.

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Features of a Personal Loan for iPhone

Instant Approval

Get your loan approved within minutes.

100% Financing

Borrow up to the full cost of the iPhone.

Flexible Repayment Tenure

Choose from repayment periods between 12 to 36 months.

No Credit Card Required

Unlike EMI-based credit card purchases, this loan does not require a credit card.

Zero Collateral

Unsecured loan with no security deposit required.

Loan Amount up to ₹2 Lakh

Covers the cost of the latest iPhone models.

Low Interest Rates

More affordable compared to credit card EMI options.

Buy Now, Pay Later

Own your iPhone today and repay in easy EMIs.

Reasons To Get a Personal Loan for iPhone from Aditya Birla Capital

Collateral-free

There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!

Flexible Repayment Period

Choose a repayment tenure of up to 84 months to ensure affordable EMIs for easy repayments.

Predictable EMIs

With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments.

Quick Sanctions

Get the funds transferred to your account within 24 hours of application.

Facility to add a co-applicant

Adding a co-applicant to the Personal Loan for iPhone can increase your eligibility. You can get a higher loan amount and buy the latest model.

Interest Rates Available for
Personal Loans for iPhones

Find out the interest payable on the Personal Loan for iPhone to plan your repayments effectively.

image Loans up to 12 months
Loan Type Interest
The Short Term Reference Rate (STRR) 19.45% p.a. w.e.f.from March 1, 2024
image Loans more than 12 months
Loan Type Interest
The Long Term Reference Rate (LTRR) 20.45% p.a. w.e.f. from March 1, 2024

Who Can Apply For a Personal Loan for iPhone?

Find out if you are eligible to apply for a Personal Loan for iPhone

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Salaried

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Self-employed Professional

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Self-employed Non - Professional

How to Apply for a Personal Loan for iPhone?

1step

Apply Online

Visit the lender’s website and fill out the loan application form.

2step

Upload Document

Submit basic KYC and income-related documents.

3step

Get Instant Approval

Your application will be reviewed, and approval will be granted within minutes.

4step

Receive Funds

Once approved, the loan amount is transferred directly to your bank account.

Eligibility Criteria for Personal Loans for iPhone

Are you eligible for a Personal Loan for iPhone? Check whether you meet the criteria.

Documents Needed

  • Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
  • Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
  • Bank statement where income is credited Last 6 months
  • Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16


Disclaimer - All loans will be at the sole discretion of ABFL.

Eligibility criteria

Nationality
Minimum age
Maximum age
Credit Score
Employment
Indian citizen
21 years
60 years*
750+
Salaried

* A higher age limit is applicable at the time of loan maturity.

Note - This is an indicative list that may change based on your actual loan application.

Fees and Charges for Personal Loans for iPhone

Charge Type Amount
Processing fees Up to 4% of the loan sanctioned amount
Cheque Return charges ₹1000 + GST per instance
Penal charges (charges levied for non-payment of overdue amount) 3% p.m. (36% p.a.) on the overdue amount for the delayed period
Penal charges for non-compliance with material terms and conditions (covenants / stipulated conditions) mentioned in the Sanction Letter / Loan Agreement, wherever applicable 2% p.a. on the outstanding loan amount till the date of compliance 
Charges for cancellation of Loan

4% of loan amount disbursed + applicable taxes

CIBIL report retrieval fees  Rs. 50 per instance for Consumer and Rs. 500 per instance for commercial CIBIL/Credit Report
Charge for Exchanging PDCs / ECS ₹750 + GST per instance
Loan re – schedule charges  ₹5000 + GST per instance
Stamp Duty As per Actual if applicable
Insurance Premium As per Actual if applicable
Pre – closure Quote ₹1000 + GST per instance
Any other charges As per Actual if applicable
Duplicate No Due Certificate issuance charges Rs. 500 per instance
Foreclosure Charges For Term Loan:
Upto 4% of the principal outstanding amount

For Flexi Loan:
Upto 4% of the total withdrawable amount

Conditions: Foreclosure is allowed only after 12 months from the date of disbursal of loan.
Part Pre-payment charges For Term Loan:
a) NIL charges – if part pre-payment is equal to 20% of principal outstanding amount
b)  Upto 4% on remaining loan amount – if part pre-payment is greater than 20% of principal outstanding amount

Conditions:
a) No pre-payment is allowed in first 12 months from the date of disbursement
b) Part pre-payment amount should be equal to OR greater than total of 3 EMIs

For Flexi Loan:
a) No charges for payments through mobile app/portal.
b) Part pre-payment of loan facility toward limit reduction is not available

ABC Of Calculators

PERSONAL LOAN AMOUNT
Tenure (1 to 30 Years)
Rate of Interest (7 to 11%)
I CAN PAY EMI OF
Tenure (1 to 30 Years)
Rate of Interest (7 to 11%)

Interest

Payout

Your estimated EMI amount

0

Total Interest

0

Total Payout

0
CURRENT AGE
MONTHLY INCOME
YOUR CURRENT MONTHLY OBLIGATIONS

You are eligible for a loan of

0*
For a tenure of0 years

EMI @ 9% Interest Rate

0*

BALANCE TRANSFER LOAN

Transfer your existing loan to us for lower interest rates
  • Personal Loan
    Reduced Interest Rates.
  • Personal Loan
    Lower Monthly Payments.
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TOP UP LOAN

Secure additional funds at exceptional interest rates
  • Life Insurance
    Easy application process
  • Life Insurance
    Borrow up to 80% of property value
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Different financial needs, different loans,
one app - ABCD

For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.

  • Life Insurance
    Range of loan options for different needs 
  • Life Insurance
    Quick sanctions and disbursals

Scan the QR code to download our Mobile App

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Customer Satisfaction Stories

Hear from our happy customers what they have to say about their experience with us.

Hear What The Experts Have To Say
Hear What The Experts Have To Say
Mr. Hiralkumar Ashokbhai Patel

Aditya Birla Capital Customer

1 Jan 1
Hear What The Experts Have To Say

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Hear What The Experts Have To Say
Mr. B. Narsimulu

Aditya Birla Housing Capital Customer

Hyderabad, India

Hear What The Experts Have To Say
Hear What The Experts Have To Say
Mr. Pramod Kumar Saini

Aditya Birla Capital Customer

1 Jan 1
Hear What The Experts Have To Say

I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.

Hear What The Experts Have To Say
Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

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FAQs on Personal Loans for iPhone

You can apply for a Personal Loan online or offline. The modes are discussed as follows -

• Online - Visit the Aditya Birla Capital website or download its mobile application. Apply online and get the funds quickly.
• Offline - Visit the nearest branch of the company and apply for the loan physically.

You need a credit score of 750+ to get a Personal Loan for iPhone. If your credit score is low, you will not be eligible for the loan.

You need a credit history to establish a credit score. Getting a Personal Loan for iPhone without any credit history is difficult.

Yes, you can pay off your Personal Loan early. This is called foreclosure and it is allowed 12 months after the loan disbursement date.

Here are some ways in which you can decrease the EMIs of your Personal Loan -

• Choose a longer repayment tenure
• Opt for a lower loan amount
• Have a good credit score to get a lower interest rate