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iPhone EMI Calculator

Enter the price quoted for the iPhone you are buying, along with any down payment, trade-in value and the offer rate. You get the financed amount, the monthly EMI and the total cost across common tenures.

₹

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
₹90,000 (92.8%)
Total interest
₹6,970 (7.2%)

Compare tenures

EMI and total cost across common product EMI tenures
TenureEMITotal interestTotal 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

Monthly EMI

₹8,081

1 year

Enter the price you are actually quoted. Offers and storage pricing change frequently.
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.

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 it works

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.

For model-specific starting prices, use the iPhone 18 Pro or iPhone 18 Pro Max pages.

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.

Example calculation

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

Frequently asked questions

Which iPhone model should I use this for?
Any of them. The calculator works off the price you enter, so it is accurate for whichever model and storage variant you are buying.
Is no-cost EMI available on iPhones?
Apple India advertises up to six months of No Cost EMI with eligible cards, and sellers run their own offers during sale periods. Set the rate to 0% to model it, and add any processing fee separately.
Does trade-in count as a down payment?
For EMI purposes, yes. The trade-in value reduces the amount financed, which reduces both the instalment and the interest.
Can I combine cashback with no-cost EMI?
Often yes, and the cashback is usually credited to the card after purchase. It does not change the EMI; it reduces your effective cost afterwards.

Related calculators

Further reading

Sources

Reviewed by Pradipta Ray, Editor · Last updated