iPhone EMI Calculator
This iPhone EMI calculator shows the monthly instalment on any iPhone, including the iPhone 18 Pro and Pro Max. Enter the price you are quoted, any down payment or trade-in value and the offer rate to get the financed amount, the monthly EMI and the total cost across common tenures.
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Calculator and results
For a ₹90,000 iPhone, financing ₹90,000 at 14% over 1 year gives an EMI of ₹8,081, with ₹6,970 in interest and a total cost of ₹96,970 including the down payment and fee.
Starting value is an example, not a quoted price. Enter the price you are offered.
Deducted from the price before financing, like a down payment.
Card and no-cost EMI offers on phones usually run between 0% and 18% a year.
Charged upfront by the bank or lender, not part of the EMI.
Monthly EMI
₹8,081
for 1 year
Financed amount
₹90,000
Total interest
₹6,970
Total cost
₹96,970
Down payment + EMIs + fee
Financed amount vs interest
- Principal
- 92.8%
- ₹90,000
- Total interest
- 7.2%
- ₹6,970
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 12 months | ₹8,081 | ₹6,970 | ₹96,970 |
| 18 months | ₹5,572 | ₹10,303 | ₹1,00,303 |
| 24 months | ₹4,321 | ₹13,708 | ₹1,03,708 |
| 36 months | ₹3,076 | ₹20,735 | ₹1,10,735 |
Saved scenarios stay in this browser only. No sign-up.
Monthly EMI
₹8,081
- What it is:
- An EMI calculator for any iPhone, at whatever price you are quoted.
- What it calculates:
- The financed amount, the monthly EMI and the total cost across 12 to 36 month plans.
Key Assumptions
- Trade-in value reduces the amount financed.
- Card EMI rates and no-cost offers vary by issuer and seller.
- Prices differ by storage variant and by seller.
How does the iPhone EMI Calculator work?
Apple India advertises up to six months of No Cost EMI on eligible cards, alongside instant cashback offers that change through the year. Six months at 0% is genuinely free money; the same handset over 24 months on a card EMI rate is not.
Apple Trade In credits the value of your old device against the purchase, which reduces the amount financed. Third-party buyers sometimes pay more in cash, in which case treat that cash as a down payment instead - the calculator handles both the same way.
Storage variant is the single biggest swing in an iPhone's price, often larger than the gap between two model generations. Enter the price for the exact variant you are buying rather than the headline starting price.
iPhone 18 line-up prices, from Apple India on 23 September 2026: the iPhone 18 Pro and Pro Max are listed together from Rs 1,64,900 (the Pro's base-storage price), and the Pro Max's own base-storage price is Rs 1,79,900 per the 91mobiles India price list. The base iPhone 18 was not on sale in India at that check, so plan it at the price you expect to pay.
At Pro and Pro Max prices the rate matters far more than the processing fee. A few hundred rupees of fee is noise against a financed amount above a lakh; two percentage points of interest over 24 months is not. Compare offers on the rate first, then use trade-in and down payment to bring the instalment down before reaching for a longer tenure.
Worked example: an iPhone 18 Pro at ₹1,64,900 with a ₹40,000 trade-in leaves ₹1,24,900 to finance. On a 12-month card EMI at 16%, that is ₹11,332 a month and ₹11,088 of interest, plus 18% GST on the interest that card issuers add. On a 6-month No Cost EMI with no trade-in, it is ₹27,483 a month with no interest.
iPhone 18 Pro and Pro Max EMI by tenure
| Model (starting price) | 6 months, No Cost | 6 months at 16% | 12 months at 16% | 24 months at 16% |
|---|---|---|---|---|
| iPhone 18 Pro (₹1,64,900) | ₹27,483 | ₹28,780 | ₹14,962 | ₹8,074 |
| iPhone 18 Pro Max (₹1,79,900) | ₹29,983 | ₹31,398 | ₹16,322 | ₹8,808 |
No down payment or trade-in; before GST on interest and processing fees. Starting prices as checked on 23 September 2026; storage variants cost more.
iPhone EMI Calculator formula
Financed amount = price - down payment - exchange value; EMI = P x r x (1+r)^n / ((1+r)^n - 1)
- P
- = financed amount
- r
- = monthly interest rate = annual rate / 12 / 100
- n
- = tenure in months
Set the rate to 0% for a no-cost offer. Apple India's advertised No Cost EMI runs up to six months; longer tenures usually revert to the card's standard EMI rate.
iPhone EMI Calculator: worked example
A ₹90,000 iPhone with ₹10,000 down at 14% over 12 months
- Price
- ₹90,000
- Down payment
- ₹10,000
- Financed amount
- ₹80,000
- Interest rate
- 14% a year
- Tenure
- 1 year
- Monthly EMI
- ₹7,183
- Total interest
- ₹6,196
- Total cost
- ₹96,196
iPhone EMI Calculator: frequently asked questions
Which iPhone model should I use this for?
Is no-cost EMI available on iPhones?
Does trade-in count as a down payment?
What is the EMI on an iPhone 18 Pro?
How much is the iPhone 18 Pro Max in India?
Is the base iPhone 18 available in India?
Can I combine cashback with no-cost EMI?
What is the EMI on an iPhone 18 Pro Max?
Further reading
How Indian lenders work out your monthly instalment, why the interest portion shrinks every month, and what actually changes the number.
Why a flat 10% and a reducing-balance 10% are not the same loan, how much more the flat structure costs, and where you meet it in India.
How no-cost EMI is funded in India, the charges that survive the offer, and how to work out whether a particular one is genuinely free.
Authoritative Sources
- Apple India store - current iPhone line-up and EMI offers· verified 23 September 2026
- 91mobiles Apple price list (India) - iPhone 18 Pro Max price· verified 23 September 2026
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Reviewed by Pradipta Ray, MBA (Finance) · Updated