Each year it gets more and more expensive to buy a new mobile phone, especially with the ever-changing dollar rate and the PTA tax. Hence, credit card EMI for mobiles has become one of the easiest ways for Pakistanis to buy top smartphones without paying full price.
You’ll learn about EMIs, the banks that offer the best plans, interest rates, pros and cons, and comparison tables in this guide.
What Is Credit Card EMI?
The Equal Monthly Installment program allows you to use your credit card to purchase a mobile phone over a period of several months.
You can pay Rs 150,000 in installments instead of all at once.
Most banks offer:
- 0% markup EMI on selected mobiles
- Flexible tenure (3–24 months)
- Instant approval for credit card holders
The method is now popular in Pakistan for purchasing iPhones, Samsungs, Xiaomies, Vivos, and Infinix models.
Read More: Mobile on Installments in Pakistan – Best Bank & E-commerce EMI Offers
Top New Mobiles Launched in Pakistan
| Model | Expected Price (PKR) | PTA Status | EMI Available? | Launch Status |
|---|---|---|---|---|
| Samsung Galaxy S25 | Rs 275,000 – 310,000 | Approved | Yes (0% EMI on HBL & SCB) | Global launch Jan 2025 |
| Samsung Galaxy S25 Ultra | Rs 360,000 – 400,000 | Approved | Yes (Premium EMI offers) | Global launch Jan 2025 |
| Xiaomi 15 | Rs 195,000 – 210,000 | Approved | Yes | Expected Q1 2025 |
| Xiaomi 15 Pro | Rs 230,000 – 260,000 | Approved | Yes | Expected Q1 2025 |
| iPhone 16 | Rs 380,000 – 420,000 | Approved | Yes | Pakistan launch early 2025 |
| iPhone 16 Pro | Rs 450,000 – 500,000 | Approved | Yes | Expected early 2025 |
| Vivo V31 | Rs 120,000 – 135,000 | Approved | Yes | Expected mid-2025 |
| Oppo Reno 13 Pro | Rs 145,000 – 160,000 | Approved | Yes | Expected mid-2025 |
| Infinix Hot 50 | Rs 35,000 – 40,000 | Approved | Yes | Launching mid-2025 |
| Tecno Camon 22 | Rs 55,000 – 65,000 | Approved | Yes | Expected Q2 2025 |
Best Banks for Mobile EMI in Pakistan
| Bank | EMI Tenure | Markup | Processing Fee | Popular Stores |
|---|---|---|---|---|
| HBL | 3, 6, 12 months | 0% on selected models | Rs 500–1,000 | Samsung, iPhone, Daraz |
| Meezan Bank | 3–12 months | 0% Shariah-compliant | No fee | Apple, Xiaomi |
| UBL | 3–24 months | 0–22% | Rs 999 | Daraz & retail stores |
| Standard Chartered | 3–12 months | 0% available | Rs 950 | iPhone, Samsung |
| Faysal Bank | 3–18 months | 0% on promotions | No fee | Vivo, Infinix |
New Models EMI Comparison
| Model | Price | 12-Month EMI (0%) | Best Bank Offer | Worth It? |
|---|---|---|---|---|
| Samsung S25 Ultra | ~Rs 380,000 | Rs 31,666 / month | HBL 0% EMI | Best for camera lovers |
| iPhone 16 Pro | ~Rs 470,000 | Rs 39,166 / month | SCB 0% EMI | Best for creators |
| Xiaomi 15 Pro | ~Rs 240,000 | Rs 20,000 / month | Meezan Bank | Best value |
| Vivo V31 | ~Rs 130,000 | Rs 10,833 / month | UBL | Best mid-range |
| Infinix Hot 50 | ~Rs 38,000 | Rs 3,166 / month | Faysal Bank | Best for budget buyers |
Pros of Buying a Mobile on EMI
1. No need to pay full price upfront
iPhones and Samsung flagships do not have to empty your wallet.
2. 0% markup options available
Several banks offer interest-free phone plans.
3. Easy approval and instant processing
EMI approval is quick if you already have a credit card.
4. Better monthly cash flow
One-time payments are easier to manage than small monthly payments.
5. More phone choices
Premium models are affordable with EMI.
Cons of Buying a Mobile on EMI
1. Not available for all users
EMI can only be used by credit card holders. Banks do not support debit cards for EMIs.
2. Some EMI plans have markup
Don’t skip out on 0% offers if you can.
3. Early cancellation fees
Banks may charge you a penalty if you close your EMI early.
4. Impulse buying risk
Sometimes, people buy phones they can’t afford.
(FAQs)
1. Can I buy a mobile on EMI without a credit card?
No. Credit cards are the only cards that offer EMI. EMI plans are not supported by debit cards.
2. Which banks offer 0% EMI on mobiles?
Banks like HBL, Meezan, Standard Chartered, and Faysal Bank frequently offer 0% EMIs.
3. Can I get EMI on iPhones in Pakistan?
Yes. All PTA-approved iPhones are eligible for EMIs from most banks.
4. What is the minimum purchase amount for EMI?
For EMI conversion, most banks require at least Rs 10,000–20,000.
5. Does EMI affect my credit score?
If you pay your installments on time, yes.
6. How long is the EMI plan?
Typically, tenures range from 3 to 24 months.
7. Can I cancel my EMI plan?
Yes, but banks may charge a processing fee.
Conclusions
Buying a new mobile with credit card EMI is simple and affordable in Pakistan. When buying an iPhone, Samsung, or Xiaomi, EMI is a great way to spread the cost out over a period of time without straining your budget.
You can choose your best EMI plan by comparing bank offers, understanding the fees, and understanding your monthly budget.
