iPhone Duo EMI calculator: monthly cost and salary needed

EMI and salary needed for each iPhone Duo variant

Apple’s first foldable iPhone went on sale in India on 23 October 2026. Apple’s India list prices are ₹2,99,900 (256GB), ₹3,24,900 (512GB), ₹3,74,900 (1TB) and ₹4,49,900 (2TB). The table puts the full list price on EMI at an example 15% for 12 months, with no down payment.

Take-home at 50% FOIR is the monthly income at which this one EMI would use half your pay. It assumes no other loans. The rate and FOIR share are examples, not a quote or a rule.

iPhone Duo EMI for 3, 6, 9 and 12 months

The 256GB model at ₹2,99,900, example 15%. Apple’s India store said No Cost EMI on the iPhone Duo is on 3- and 6-month tenures only (eligible cards, 11 Oct to 11 Nov 2026), so 9 and 12 months will usually carry interest.

The same ₹2,99,900 over 6, 12, 18 or 24 months

Still at 15%, only the term changes. Over 6 months the EMI is ₹52,193 and total interest is ₹13,258. Over 12 months, ₹27,068 and ₹24,916. Over 18 months, ₹18,709 and ₹36,862. Over 24 months, ₹14,541 and ₹49,084.

Going from 6 months to 12 lowers the EMI by ₹25,125 a month and adds ₹11,658 of interest. Going from 12 months to 24 lowers the EMI by ₹12,527 a month but adds ₹24,168 of interest. A phone loses value while the EMI runs, so a long term raises the chance you still owe money when you want to upgrade.

What a ₹1 lakh retailer premium costs on EMI

First-week stock was pre-booked, and some retailers were reported asking up to ₹1 lakh over list. Paying ₹3,99,900 instead of ₹2,99,900, at the same example 15% over 12 months, raises the EMI by ₹9,026 a month. It adds ₹8,312 of interest, so you pay ₹1,08,312 more in total. The premium is a reported example, not a quote.

Apple’s own store was showing later delivery dates for fresh orders. Waiting for list-price stock avoids the premium and the extra interest on it.

Where the first EMI goes, and saving first

In the first month, ₹3,749 of the ₹27,068 is interest and ₹23,319 reduces the loan. Across the 12 months you pay ₹3,24,816. Halfway through, after 6 months, you still owe ₹1,55,533.

Setting aside ₹2,99,900 over 12 months takes ₹24,992 a month, before any interest the savings earn. The 12-month EMI is ₹27,068, so buying now on EMI costs ₹2,076 more each month.

No-cost EMI, card limits and tax

“No-cost EMI” usually means a seller discount covers the interest. 18% GST on that interest and any processing fee are still yours to pay. On the ₹2,99,900 example over 12 months at 15%, the interest is ₹24,916 and the GST on it is ₹4,485, before any fee. The no-cost EMI guide works through this.

Card EMI blocks your credit limit until each instalment clears. A ₹3 lakh purchase can use most of a card’s limit. Interest on a phone bought for personal use is not tax-deductible for a salaried person, so the EMI above is the whole borrowing cost.