Is buying a Rs 1 lakh iPhone on EMI a bad idea? Here’s the math you should know
Last Update Date: 05-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned that buying depreciating gadgets with future income is a worrying trend. He suggested keeping total debt payments below 40 per cent of income, holding six months of EMIs and expenses as a buffer, and weighing hidden costs.
More of Abhishek's views on debt and loans
The article looks at buying an expensive smartphone on EMI. It explains how easy instalments can hide the real cost for people already paying other loans, and sets out ways to test affordability, including debt-to-income limits, an emergency fund and simple rules of thumb.
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Is buying a Rs 1 lakh iPhone on EMI a bad idea? Here’s the math you should know