Zero Markup Installments for iPhone 17
Standard Chartered Bank has unveiled a new financing option for its credit card customers, allowing them to purchase the iPhone 17 series without any markup. This new facility, named the “SC Easy Installment Plan,” aims to make the latest iPhone models more accessible by breaking the total cost into manageable monthly payments.
The offer is exclusively available for Standard Chartered credit card holders and covers all models and color variants of the iPhone 17 series.
Flexible Repayment Options
Under this plan, customers can choose from three repayment periods: three months, six months, or twelve months. While the plan advertises zero markup, a processing fee is applied depending on the chosen installment period:
3 months: 2.99% processing fee
6 months: 5.99% processing fee
12 months: 11.99% processing fee
Additionally, customers may need to pay applicable federal excise duties, which vary based on their location.
How the Offer Works
The bank has emphasized that this offer is subject to stock availability. Orders will be fulfilled on a first-come, first-served basis, encouraging interested buyers to act quickly.
For customers who plan to upgrade to the iPhone 17, this plan allows them to spread the cost over several months without paying any interest, making it a financially convenient option compared to traditional loans or credit card payments.
Context: Rising Smartphone Prices
The release of the iPhone 17, officially launched in Pakistan, comes amid a global trend of rising smartphone prices (see full launch details and prices here). In recent years, flagship models from leading brands like Apple, Samsung, and Google have seen price increases due to inflation, higher production costs, and currency fluctuations.
For many consumers, upfront payment for a high-end smartphone can be challenging. Banking institutions and credit card companies have responded with flexible installment schemes that allow buyers to manage costs while still accessing the latest technology.
Standard Chartered is among several banks in the region offering similar plans. However, its zero-markup approach, with only a small processing fee, makes this offer particularly attractive for iPhone enthusiasts.
Who Can Benefit
This installment plan is ideal for:
Tech enthusiasts eager to upgrade to the iPhone 17 without straining their finances
Students and young professionals looking for manageable monthly payments
Existing Standard Chartered credit card holders who prefer convenience and transparency
By offering a transparent fee structure and flexible terms, the bank is targeting customers who value simplicity and predictability in their finances.
Limited-Time Opportunity
The bank has stressed that the offer is limited in quantity, reinforcing the importance of timely action. Those who have been considering purchasing the iPhone 17 may find this installment plan to be an opportune moment to do so without additional financial burden.
With the SC Easy Installment Plan, Standard Chartered Bank provides a practical solution for owning premium technology while managing monthly cash flow.
