How to buy an iPhone 12 - A guide to funding your gadget fad

Jan 19, 2021

The latest iPhone is finally here and none of us can keep the excitement down! The iPhone 12 is one of the most coveted phones in the world today, and all us want a slice of that apple pie. But there’s just one problem. iPhones cost a lot of money. Even the most basic model with the lowest storage capacity is expensive. Price is one reason, why many of us simply give up on our iOS dreams and move on to cheaper options. But it doesn’t have to be this way. With so many phone finance options available today, you can still afford your dream iPhone 12. If you’re wondering how to buy an iPhone 12 with a limited wallet, here are some ways to do so:

  1. Buy it on sale:

Waiting for a big iPhone sale is one of the best things you can do if you want to buy a brand new iPhone. Major ecommerce sites such as Flipkart and Amazon regularly have several sales throughout the year. Watch out for best iPhone deals on smartphones during these sales. You will notice a sudden drop in prices, that typically last for a short window of a day or two. But the only catch is that not all these sales give you the best prices. Usually it's one big Diwali sale or a summer sale which gives the best iPhone deals on the latest iPhone 12 model. If you’re willing to wait it out, a big sale is worth waiting for!

  1. Buy an older model of the iPhone 12:

If you’re wondering how to buy an iPhone 12, you can always venture the refurbished phones market. You can surf through several reseller websites and browse for used iPhone online if an iPhone sale is not around the corner. Used phones in most cases work very well, as long as you buy them from legitimate dealers. Make sure that the phone is in good condition when you purchase it from a reseller merchant. You can do a simple check and find a used iPhone online. Even Amazon sells refurbished phones on its platform.  

  1. Buy the iPhone 12 mini:

Apple has released two versions of the iPhone 12 - the standard iPhone 12 and a smaller version, the iPhone 12 mini. It is a small, compact phone that measures just 5.4 inches and can easily fit into your pocket. It's also significantly cheaper than that standard iPhone 12. Thus, if you desperately want an iPhone 12 but can't afford the standard model, just opt for the smaller, less expensive version!

  1. Buy iPhone on EMI:

If you’re finding it difficult to shell out a large sum of money in one go, you can always consider buying your dream iPhone on EMI. Most banks offer EMI options across a range of credit and debit cards. However, there’s one catch. Most EMI options come with interest. So, you will have to pay an additional amount of interest along with your monthly EMI payment. There are a few no-cost iPhone on EMI options, but they are not that popular yet. If you want to opt for EMI options through banks, you will most likely end up paying a fairly high interest. So the next time you’re wondering how to buy an iPhone 12, consider bank iPhone on EMI options!

  1. Exchange your old phone:

If you have a good phone in a good working condition, why not trade it in for a brand new iPhone 12? Usually, selling your old phone can fetch you a decent amount of money, obviously depending on the age and model of your phone. For example, if you’re trading in a refurbished OnePlus 7 for an iPhone 12, you’ll get more money by selling it as compared to selling a lower model such as Mi or Vivo. Platforms such as Amazon and Flipkart give you an option to exchange your old phone at the time of purchase itself.

  1. Take a bank loan:

How to buy an iPhone 12 when it's just so out of your reach? iPhones are expensive and just like we all take loans for expensive purchases, taking a personal bank loan to buy the iPhone 12 is a practical and pragmatic choice. Banks are generally quite liberal with loan disbursals, so as long as you have a good credit score and payment history, you should comfortably be able to get a loan from your bank. You can pay back your debit or credit card loan in installments. However, they will not be interest free so watch out for interest rates before you choose this option to fund your iPhone 12.

7. Take a gold loan:

This option may sound unconventional, but taking a gold loan to buy an iPhone 12 is actually an excellent idea. Companies like Rupeek allow you to take a low-interest loan on your gold right from the comfort of your home and then pay back the loan through comfortable EMI options. All you need to do is place a gold loan request on the Rupeek app and then use Rupeek’s gold loan calculator to ascertain the EMI for the requested loan amount. Then, Rupeek’s high trained gold loan personnel will come to your house and process the request right in front of you. After your KYC documents are verified, the instant loan amount will reach your bank account in 24 hours. You can use that money to buy your dream iPhone 12. Your gold will be safely secured in bank vaults, so there’s absolutely no need to worry!

So, if you’re asking yourself, “How to buy an iPhone 12?”, just rush to Rupeek and fund your dream iPhone today!

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