“Apple iPhone 7 and iPhone 7 Plus launches in India” - Have you been waiting to hear these words? Well, if you have, you are not alone. The gadget geeks have been waiting with bated breath for the launch of the newest avatar of the iPhone from Apple - and with its official launch comes the sinking realization that the phone is a bit far beyond your budget. Let’s have a look at the price of the recently launched Apple Phones:

The iPhone 7 32GB is retailing at Rs. 60,000; the 128GB version at Rs. 70,000, and the 256GB version at Rs. 80,000. The iPhone 7 Plus will be priced at Rs. 72,000 for the 32GB variant; Rs. 82,000 for the 128GB version, and Rs. 92,000 for the 256GB phone.

It is impossible to buy the phone outright, but you also do not have a credit card to break it up into EMIs - makes you kind of wish your debit card would magically turn into a credit card, even just for a day, so that you could buy your much-desired phone in easy EMIs, right?

Your Way to Credit—without a Credit Card!

Lending platforms: Good news! You can now buy your much-desired iPhone 7 in easy-peasy installments, on your debit card, thanks to the advent of technology platforms that allow you to shop with your debit card, and converts your purchase into EMIs for you. The technology provider pays the price to the seller upfront, and you make the down payment and the EMIs to the technology provider. In short, such companies provide a loan on your debit card, enabling you to purchase your dream phone. ZestMoney, Finomena, and FastBanking are a few  such platforms that have a quick approval process and EMI options that enable you to buy mobile phones, electronics and  even furniture on your debit card.

All you need to do is to buy your mobile phone at their partner outlets, and your purchase will be converted into EMIs if you are considered creditworthy. You need to sign up and upload your bank statements and KYC documents for that purpose.

Consumer Durable Loans: Alternatively, you can buy your phone by applying for a consumer durable loan from a reputed lender, like Bajaj Finserv for example. The process is simple. Again, you need to shop for your iPhone 7 at their partner outlets and submit your application for a loan. The in-store representative will guide you on how to apply. Approval is speedy, and if your documents are found to be in order, you can walk out of the store, a proud owner of iPhone 7 that very day!

So, go ahead and take advantage of such online lending platforms or consumer durable loans - achieving your iPhone dream can be easy!