Use iPhone by paying Rs 999 every month, know everything about Apple Corporate Lease Scheme

“By paying just Rs 999 every month, you will own an iPhone.” This deal sounds very interesting and that is why now everyone wants to know how they can take advantage of this offer. The iPhone corporate lease scheme made headlines last week, but with no official confirmation from Apple yet, further details about the program remain unknown.

Today we will tell you everything about this lease plan offered by Apple Partners.

Question- Is there an iPhone lease scheme?
Answer- Under this lease scheme, you can use the iPhone by paying a fixed amount every month. You can keep the iPhone for the duration of the lease but you do not own the phone. it absolutely car lease Is just like.

Question- Who can take iPhone on lease?
Answer- Lease scheme is available only for corporate entities, in other words for companies or registered businesses. As far as we know, it does not matter whether the company is small or big for lease. There is a minimum number of phones required for an iPhone lease.

Question- What is the minimum number of devices required for lease?
Answer- As per our discussions with various distributors, under this lease plan you need to take at least 20 iPhone units on lease. However, if you have a good relationship with the distributor, you can negotiate for less iPhones.

Question- What is the lease period?
Answer: Leases are available for 12, 18 or 24 months.

Question- How much money will I have to pay every month to get an iPhone?
Answer: The amount paid every month varies depending on the lease period and iPhone model. For example, you will get iPhone SE (16 GB) on lease for Rs 999 per month for 24 months, iPhone 6S Plus (128 GB) for Rs 3,666 on lease for 12 months.

See full list here

Question: Will down payment also have to be given at the beginning of the lease? Do I need to pay a deposit?
Answer: There is no down payment to be made in the lease scheme nor are you required to give any deposit or security.

Question- What happens when the lease period ends?
Answer: At the end of the lease period you will have to return the iPhone to the Apple partner.

Question: Can the lease be terminated earlier?
Answer: In case of premature termination of the lease, you will have to pay additional charges as per the contract.

Question- What if the iPhone gets damaged during the lease period?
Answer- Standard Apple warranty terms will apply in this situation. If the damage is covered under Apple’s warranty plan, you will get a replacement device, but if there is any physical damage to the phone (screen breakage), you will have to pay for the repair/replacement.

Question- I am a ‘corporate’ employee, can I buy iPhone under lease plan?
Answer- No, as we said earlier that lease is only for corporate institutions. Talk to the HR/Admin/IT department of your company and ask them to take advantage of this lease offer.

Question- I am personally ready to lease 20 iPhones for my family. Is this possible under this scheme?
Answer- If you do business then your company can take these phones on lease but you personally cannot do this yourself.

Question- This lease scheme sounds very good, but is it really so?
Answer: If you qualify for everything we’ve mentioned about a lease, this is the most affordable way to have the latest iPhone at any time. But leasing an iPhone vs. buying an iPhone is like renting vs. buying an apartment. You don’t have to pay a huge amount initially but every month you pay to use someone else’s property. If you feel that the rent you pay every month is ‘waste’ and it is better to take a home loan and pay EMIs, then this lease plan is definitely not for you.

That is to say, the value of electronics (like a car) depreciates very quickly while the value of your house (in the real world) keeps rising. Therefore it is not right at all to compare these two. Still confused? Well, did you expect to find financial advice from a tech website?

Question- Does this lease scheme also apply to other Apple products?
Answer: Yes, you can take iPad and MacBook on corporate lease with the same conditions. Just the amount to be paid every month will be different.

Question- I went to an Apple/Airtel/Vodafone/Croma/any other store and asked about this, they have no information about this scheme of Apple. What should I do?
Answer: The lease scheme is offered only by select Apple partners and may not be available at all retail outlets.

Question- How do I take advantage of this scheme/where can I get more information?
Answer: It would be best if you iphonecorporate@icloud.com Email us at with your organization information. An Apple partner will then contact you.