How to buy Apple iPhone 12 in Installment in Nepal: EMI Option

Apple iPhone 11 and iPhone 11 Pro

Apple iPhones are very expensive outside the USA. In reality, they are premium smartphones, and the company charges a lot. On top of that, due to taxes and other costs, the price of iPhones in Nepal is extremely high. However, people still want luxurious and the latest high-end smartphones. They are ready to pay the cost to get the best of the best. This is why Nepal’s authorized distributor, Generation Next communication, and the official resellers offer an option to buy the latest iPhone 12 series phones in installment.

Some people might have cash every time, while some people may not have big cash, but they may be able to pay in EMI. For example, an office employee is not able to pay a huge sum of money on hand. But he or she is able to pay the sum in a few months. Other companies like Samsung also provide such an EMI option to customers. They are mainly for high-end flagship and expensive mid-range phones. Similarly, EvoStore and Oliz Store are also providing EMI on iPhone purchases.

In the new iPhone 12 series, there are four models. The first one is the normal iPhone 12, then comes the Pro at the same size. The biggest one is Apple iPhone 12 Pro Max, and the smallest one is the iPhone 12 Mini. We all know that they are very expensive because the starting of the iPhone 12 Mini is Rs 1,17,900 and the price of the top-level Pro Max is Rs 2,35,990. This installment service is being provided by the partnership of retailers, distributors, and banks. It can push the sales of Apple smartphones in Nepal by a good amount. Most people usually buy from abroad like the USA because the price is reasonable there.

How to buy iPhone in Installment: EMI Procedure Details

In order to purchase the latest Apple iPhone 12 series smartphones in installment, you first need to go to the official stores. Some retail stores are EvoStore, OlizStore, Future World, Future Tech Trade, and MobileIron. In these stores, you need to ask for a quotation for the model you want to purchase. After that, take the quotation to the bank and fulfill the required paperwork and duty. After everything is completed, the bank issues a purchase order, and you can buy the phone. There are some interest rates of partner banks, and there is a minimum EMI amount as well. Let us talk in detail about the EMI option from different retailers.

EvoStore EMI Option for iPhone, iPad, Mac

EvoStore is Apple’s authorized reseller and service provider in Nepal. They sell multiple products and also provide EMI option for their customers. People can buy Apple iPhones, iPads, MacBooks, and iMacs in installments. There are some requirements for this. The main requirement is having a credit card from a partner bank. This includes NABIL, Global IME, Siddhartha, NIC Asia Bank, Himalayan Bank, MEGA, NMB Bank, Kumari Bank, Century, Machhapuchhre Bank, NIBL, Citizens Bank Limited, Sunrise, and Sanima Bank. Customers from Laxmi Bank don’t need a credit card, while all others need it. This is one exception from EvoStore.

There are different payment period, and it is different according to the product. For example, the finance period for iPhone and iPad is 12 months. Similarly, it is 18-24 months for iMac and MacBook. The interest depends on banks, and it is between 10-12%. According to the website of the store, a down payment is not mandatory. The process of getting an iPhone 12 and other products in EMI is as follows.

  1. Go to the store and choose the product you need.
  2. Decide the down payment amount and finance period.
  3. Fill in the required information, card details, and bank’s EMI form.
  4. Submit to the bank and wait for the approval.
  5. Wait for the bank’s approval and delivery note.
  6. After approval and after the bank sends a delivery note to the reseller, the product will be delivered to you.

Oliz Store EMI Details and Process

The procedure to get Apple products and other gadgets at installment from Oliz Store is similar. The above-given steps are the same, and you can follow this in Oliz as well. All applicants need to have a credit card from a selected partner bank. Then customers need to request a quotation from OlizStore. Then the quotation needs to be submitted to the bank’s credit card department for approval. After approval, the bank gives a delivery order (DO). Take the DO to the store and get the product you want. Below we have listed the partner banks with interest rates.

Himalayan Bank12%
Mega Bank10%
Global IME Bank10%
Nabil Bank12%
Siddhartha Bank12%
Machhapuchchhre Bank7% / 10%
Sunrise Bank8%

The minimum EMI amount is Rs 20,000 which means this is the minimum amount you should pay each month. Oliz also provides a payment duration similar to EvoStore. People should pay the installments of MacBook in 18 months maximum. Similarly, customers should pay iPhone installments in 12 months maximum.

Also Read: Best International USD Credit and Debit cards in Nepal

EMI for Other Products

Both EvoStore and OlizStore also provide EMI on other products. This means you can buy older models of iPhone in installment as well. You can go to the website and check the products, interest rate, downpayment, and all details from the EMI calculator section. The installation amount differs with interest, down payment, and time period. In the OlizStore site, we can find EMI options for JBL speakers, Apple iPhones, iPads, MacBook, iMac, Mac Mini, Mac Pro, OnePlus smartphones, and Lacie Hard Disk.


Likewise, on the EvoStore, we can find installment option on iPhones, iMac, iPad, MacBook, AirPods, Apple TV, and Apple accessories. There is also an EMI service for products from Huxton, JCPal, Momax, Verbatim, Optom, Sounddlink, Thule, Vivitek, Yeelight, and WB. They are also giving the option for Bose and JBL audio accessories.

Generation Next always advises checking for the hologram in the products. Customers should see for the hologram in their Apple products, laptops from other companies and confirm that it is genuine. Generation Next website also has the service to check the IMEI number of smartphones and laptops’ service tag. We also recommend to always check for device authenticity during purchase. It is better to check on the website and then only purchase.

Evolution Trading Pvt. Ltd.: Bakhundole, LalitpurTelephone: 01-5554338, 01-5554339 Email: [email protected]
Olizstore: Basantamarga, Babarmahal
Telephone: 9801021297, 9861060000 Email: [email protected]

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About the Author: Abhishek Chand

Structural Engineer by profession. Computer and smartphone enthusiast. Tech-savvy blogger and former Gadget reviewer of AP1 HD TV and TechnoNepal.

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