How to Use a Personal Loan to Buy the Latest iPhone 14 in September

 The latest Apple iPhone 14 is set to launch in India on September 7 at 10:30 PM. It has a breezy, smooth performance powered by Hexa-core A15 Bionic. A 64 GB RAM ensures you can store all songs, games and videos without space issues. But the price gap between India and other countries is noticeably high. For instance, the iPhone 12 Mini was ₹69,000 compared to ₹51,287 ($699) in America. It is because Apple does not have a manufacturing unit in India. This calls for high import duty, about 18% GST and other fees along with the company’s profit margin. 



The good news is that you can use an instant personal loan to buy the phone. You only need a monthly income of ₹15,000 to boost your eligibility. Get the correct documents and ensure a ‘good’ credit score and SLQ to qualify. Borrowing between ₹15,000 to ₹4,00,000 is generally sent to your bank account within minutes. 


Why Consider a Personal Loan?

A digital personal loan is a viable financial product for several reasons. The app is easily available on Google Play Store and App Store. It helps young salaried millennials buy their favourite goods and services without a monetary crunch. You may pick a preferred EMI tenure from 90, 180, 270, 360 and 540 days. The amount is usually quite affordable and does not affect your monthly budget. Pay it via NEFT/IMPS. 


There is a 5-day-interest-free grace period for the instant personal loan. This would give you a breather if you could not arrange the EMI. But know that there is a 0.7% penalty after this buffer period. Stay worry-free since the fixed interest rate assures a predictable EMI without default.

The entire process is online. You do not have to visit the institution or interact face-to-face. It is a time-saving procedure that cuts paperwork too. Upload the PAN card, latest bank statement, Aadhaar card and selfie as photo proof on the personal loan portal. Everything can be done via the app or the website, further simplifying the application. 


A good fintech ensures transparency in its lending practices. You can learn about the processing fees and all-in costs beforehand. There are no hidden charges. The borrowing experience is also simplified by taking out all the complexities of a conventional loan. This explains why fast loans are safe and secure for young adults. 


Conclusion

The iPhone 14 Pro Max is priced at ₹1,25,525, iPhone 14 Pro starts at around ₹1,14,011 and ₹85,000 is for iPhone 14 Plus. You can easily get a personal loan to fund your purchase. You do not have to touch your savings or use your credit card. This is a sensible option and payment on time may also increase your credit score for future loans.

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