Why EMI on an iPhone 18 Pro Max in Dubai can be a costly mistake

Financial experts warn that buying the iPhone 18 Pro Max on EMI in Dubai can be risky, as monthly instalments may disguise an unaffordable purchase of a depreciating asset. Consumers should compare total payable costs, not just advertised EMIs, and scrutinize fees, interest rates, and penalties. Experts advise a 12-month financing horizon and caution against stretching payments, noting that 0% EMI offers may still include hidden charges. Red flags include lacking emergency savings, relying on credit cards for daily expenses, or upgrading while still paying off a previous phone. Experts say EMIs make sense only for necessary purchases when comfortably affordable, emphasizing that financial stability should precede premium smartphone purchases.