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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.
There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!
Choose a repayment tenure of up to 84 months to ensure affordable EMIs for easy repayments.
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments.
Get the funds transferred to your account within 24 hours of application.
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.
Find out the interest payable on the Personal Loan for iPhone to plan your repayments effectively.
Find out if you are eligible to apply for a Personal Loan for iPhone
Visit the lender’s website and fill out the loan application form.
Submit basic KYC and income-related documents.
Your application will be reviewed, and approval will be granted within minutes.
Once approved, the loan amount is transferred directly to your bank account.
Are you eligible for a Personal Loan for iPhone? Check whether you meet the criteria.
* A higher age limit is applicable at the time of loan maturity.
Charge Type | Amount |
---|---|
Cheque Return charges | ₹500 + GST per instance |
Default Penal charges | 3% of the pending amount per month |
Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
CIBIL report retrieval fees | ₹100 + GST per instance |
Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
Loan reschedule 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 |
Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
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Hear from our happy customers what they have to say about their experience with us.
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
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
The EMI will depend on the loan amount that you apply for, the repayment tenure, and the applicable interest rate. You can calculate the potential EMI of the loan using the EMI calculator available online. Enter the loan amount, tenure, and interest rate and find the EMI instantly.
Individuals under 18 are considered minors and are not eligible to apply for a Personal Loan for iPhone.
You can buy any iPhone Series with a Personal Loan. There’s no restriction on the loan’s usage; you can use the funds to buy any model.
You can use the Personal Loan to buy other Apple products or accessories with the phone, as the loan is a multipurpose source of funds with unrestricted usage.
Your spouse, parents, siblings or any individual meeting the eligibility criteria can act as a co-applicant for the Personal Loan.
You can buy any other mobile brand with the Personal Loan, as the loan has no restrictions on its usage.
You can take an iPhone on loan with a Personal Loan. Apply for the loan and use it to buy the iPhone of your choice.