In the bustling city of Dubai, owning the latest iPhone is not just a desire but often a necessity for many. However, purchasing a brand-new iPhone outright can be a significant financial commitment. Several retailers in Dubai offer attractive installment plans, making it easier for consumers to own their dream iPhones without breaking the bank. In this guide, I’ll walk you through the process of How To Buy an iPhone On Installments In Dubai, specifically focusing on using a credit card with 0% installment plans.
Methods to buy IPhone On installments in Dubai
Using a Credit Card with 0% Installment Plans
1. Check Participating Banks
To start your iPhone installment journey, first, an iPhone Installment tour, and better understand the lists of banks that team up with Apple and authorized retailers in providing monthly installments with no interest. Head over to the Apple website (https://www.apple.com/ae/shop/browse/finance/installments) or check retailer portals to access the list of participating banks.
- ADCB Bank: Call 600 50 2030
- ADIB Bank: Call 600 54 3216
- Citi Bank: www.citibank.ae/zeropercent
- Emirates NBD www.emiratesnbd.com/en/help-and-support/installment-payment-plan
- FAB Bank FAB Mobile App or SMS “EPP” to 2121
- Mashreq Call 04 424 4444
2. Confirm Eligibility
When you are done with the list of banks that participate in the program, request your bank for details of the offer you are eligible for by calling your bank’s contact center. Do not be surprised to have some questions like whether there is a minimum spending threshold or if there are other requirements, to make sure you are eligible.
3. Make Your Purchase
You are good to go after confirming the eligibility. Now is the time to decide on your preferred iPhone model. If you have the luxury of visiting a verified Apple-authorized reseller or spend time researching online at the comprehensive Apple Online Store, take your time and make a choice that is best for you.
4. Select Installment Option
When you proceed to checkout, various installment plans will be available to choose from, these installments usually go from 3 months up to a year, it’s at the sole discretion of the retailer and Apple. Carefully consider them to ensure that the installment period is in line with your prevailing budget.
5. Finalize Purchase
When you set up the down payment plan duration, make sure to finish the purchase using your credit card. Make sure that you’ve opted for the 0% installment plan given by the bank so that you get advantage of the interest-free payments, which are extended over a period agreed to you.
By following these steps diligently, you can acquire your desired iPhone model without incurring hefty upfront costs, making the latest Apple innovations more accessible to Dubai residents.
Using Buy Now, Pay Later Services
BNPL services have become the main facilitators for purchases nowadays, as they provide buy now, pay later options whenever. BNPL providers have emerged in Dubai, allowing for iPhone campaigns on installment plans, with wider access.
Choosing a BNPL Provider
When embarking on your iPhone buying journey, selecting the right BNPL provider is crucial. In Dubai, popular options like Tabby and Tamara stand out for their user-friendly interfaces and transparent terms.
Finding a Retailer Offering BNPL
After choosing your preferred BNPL provider, the next step is to identify retailers partnering with them. Online platforms such as Shopkee often display BNPL options prominently during checkout, streamlining the purchasing process.
Shopping and Checkout Process
With BNPL provider and retailer now, the next step is going to a shopping session for your dream iPhone model. You can either navigate through the retailer’s website or pay them a visit in person to look into options.
Completing BNPL Sign-up
Selecting the BNPL service and new users will be required to sign up, a straightforward procedure that requires providing some info like email or phone number. In most cases, approval comes quite speedily so that you go on with your transaction immediately.
Paying the Initial Deposit
A BNPL model in which installment payments would be more evenly distributed doesn’t necessarily mean that iPhone pricing would be more evenly distributed. Most BNPL services require a deposit ranging from 30% to 40% of the iPhone’s total price. Here you go, this down payment puts you on track for your installment plan.
Managing Installments
After the first deposit is settled, the next schedule is divided into equal installments throughout the loan term. These rounds will be deducted from your designated payment method, be it an account or card, depending on the selected plan.
Tips to Buy iPhone on Installments in Dubai
Shop Around
If you are purchasing an iPhone in installments in Dubai, you should shop around. Spend some time checking the prices and installment payment plans that various retailers are offering. You can go window shopping at various popular brands like iStyle, SharafDG, E-Max, and even online stores like Noon or Shopkees.
Do the Math
As you start to decide for installment, you must do the calculations. Determine the full cost of the iPhone including any applicable interest or service charges for the installment plan. For you to comprehend the real price, you will be required to compare the installment cost with buying the device in one go.
Consider Trade-In
Most Dubai retailers will give you allowances for old phone exchanges. This figure can save a lot on the part of the deposit or monthly installment for your new iPhone. This is worth investigating because of the potential savings that could be achieved.
Check Your Credit Score
Your credit score is a really important factor in your installment plan availability. With a higher credit score, you can avail better terms including lower interest rates or charges. Make an effort to look up your credit score to help make an informed one.
Use a Budgeting App
Set up a budgeting app to evaluate and determine if installments fit into your budget. This will be a great help because you will be able to monitor your income and expenses. This will put you at ease since you can comfortably afford the payments without straining your financial resources.
Benefits of Buying iPhone on Installments in Dubai
Spread the Cost
Among the major advantages of getting an iPhone in installments is that you can make payments in parts over time. Rather than having to overcome a large sum of money all at once, you will divide it into monthly payments that will be more manageable.
Access Latest Model
By selecting an installment payment plan, you don’t have to pay the full amount immediately and you will enjoy iPhone releases without a delay. This granted me the unparalleled convenience of using the most advanced technology and functionality.
Build Credit History
One of the most critical aspects of installment loans is timely payments. This will help to improve your credit score. Nonetheless, installment plans for lines of credit, such as credit cards, are reported to the credit bureaus, which is beneficial for the process of credit building.
Flexibility
Installment plans provide an important attribute which is the ability to set the duration. You get to pick a plan that you can afford and go for a 3, 6, 9, or 12-month plan. This adaptability lets you customize the installments per your budget and living style.
Potential for 0% Interest
Many credit card users get the benefit of paying 0% interest for purchases in installments. This is so that you will not have to pay any other additional interest charges when you buy an iPhone in installments.
Read Also: How to Check Balance in Hafilat Card: A Quick Guide.
Conclusion
Purchasing an iPhone using installment services in Dubai has proven to be a great venture for tech-savvy people. The possible choice of payment method with favorable terms transforms the idea of upgrading to the latest iPhone model into a reality. Whatever payment plan you choose, be it 0% or other choices, Dubai’s shopping areas have you covered for multiple consumer groups.
Now, take the plunge and step into the world of Apple innovation with confidence, knowing that you can comfortably manage your iPhone purchase through convenient installment plans.
