The dream of buying apple iphone is no longer as difficult as it used to be. The price of iphone 16 Pro Max flagship smartphone definitely comes in the premium category, but in today's time, due to the EMI facilities of all the finance companies and online platforms, you can bring this phone home without paying a large lump sum amount. The question arises that how much down payment will have to be made to get this phone and how much will be its monthly installment i.e. EMI?
How much is the price?
First of all, let's talk about its price. The starting price of iphone 16 Pro Max is believed to be around Rs 1,29,900 in India, which is for its base variant. As the storage increases, the price also increases. But for the common consumer, the EMI option remains the most attractive because it does not put a heavy burden on the pocket at once.
If you want to buy this phone on EMI, then you have many options. Some banks and finance companies also offer the option of 0% downpayment and no-cost EMI. That is, you can buy this phone without making any advance payment and pay its price by paying a fixed amount every month. For example, if you take the iphone 16 Pro Max priced at Rs 1,29,900 on no-cost EMI for 12 months, then you will have to pay EMI between Rs 10,800 to Rs 11,000 every month.
How much will the EMI be?
On the other hand, if you are willing to make a little downpayment, then your EMI can be even less. Suppose you make a downpayment of 20 percent of the total price i.e. about ₹ 26,000, then your EMI is reduced to the remaining Rs 1,03,000. In this case, the EMI for 12 months will be around Rs 8,500 to Rs 9,000. Similarly, if you make a downpayment of 33% i.e. around Rs 43,000, then the EMI can be further reduced to between Rs 6,500 and Rs 7,000, especially if you choose a 16-month plan.
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