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Deciding how much to spend on a mobile phone: A guide

By Finserv MARKETS - Apr 4,2019
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deciding how much to spend on mobile phone : A guide

Till a few years ago getting a smartphone meant that you had to shell out thousands of rupees, making it a very substantial element. However, over the past few years, with the entry of players such as Xiaomi and One Plus which have challenged prices of old school smartphone meant players such as Samsung, Apple and LG, we see that smartphones can range between Rs. 7,000-Rs. 90,000.

Given such a stark contrast in rates, the question that arises is, how much should I really be spending on my phone? Well, the answer to that question will hinge on a range of factors, including your use of your cellphone and what your priorities are. However, thanks to the Finserv MARKETS Bajaj Finserv EMI Store, you no longer have to worry about financing your smartphone, no matter which one you choose.

You can buy your new mobile phone on EMI without a credit card and it will be delivered at your doorstep in less than 24 hours. Here’s a guide to understanding which features will be available in your smartphone in a given price range to help make your decision about how much to spend easier.

  • Rs. 7,000-Rs. 13,000

The smartphones available in this range are not the cheapest in the market and offer a few more features than the ultra-economical smartphones. Usually, these phones will come equipped with Android 5.0 or Windows Phone 8.1 and also offer competitive hardware including a RAM of 2GB, fast processing speed, relatively high-resolution cameras and longer battery life.

Another advantage of this category is that you will be able to get a bigger screen, with full high definition resolution. Smartphones in this segment will include the Micromax Canvas and  Xiaomi Mi 4, amongst several others.

You can order both these smartphones from the Bajaj Finserv EMI Store, delivered to your doorstep in less than 24 hours with no paperwork, instant approval, zero down payment and interest on EMI.

  • Rs. 13,000-20,000

In this segment, the most lucrative feature is that the processing speed of your smartphone will improve immensely. The models in this segment not only look better but also have a sleeker design, longer battery life, more storage, better camera as well as 3G or 4G RAM. You can get looks and significant power in most phones available in this range.

Popular phones in this range include the Samsung Galaxy A50 and Redmi Note 6 Pro and Samsung Galaxy A7, all available at discounted prices on the Finserv MARKETS EMI store.

  • Rs. 20,000-35,000

Smartphones in this price range not only have improved processing power as compared to the previous range but are also more durable and likely to last you a long time with malfunctioning. One of the most important developments in phones in this range would be the ability to track your fitness, including step counters.

Additionally, with this price range, your phone will also come with a sharper display, a better camera, better image quality and a better processor. Popular phones in this range include Apple iPhone 5S, Google Nexus 5X, Moto X Style, Samsung Galaxy Note 4 and HTC One E9+.

  • Rs. 40,000 and above

All smartphones in this segment are likely to be the best in the market, offering you a combination of a powerhouse processor, sleek looks and design, superior camera and tons of storage space. You are likely to get features such as high-resolution cameras, fitness sensors, fingerprint and facial recognition sensors in most phones in this segment. Popular phones in this category include the Apple iPhones 7 and above, Samsung Galaxy S6, LG G4, Google Nexus 6P and HTC One M9.

Overall we see that while processing speed and camera quality significantly improves for phones in the Rs. 20-35,000 range, phones that cost any more than that usually only come with improved design and aesthetic. Deciding whether or not you should spend the extra Rs. 10,000-30,000 depends entirely on your usage of the phone.

If you are a photography enthusiast or like to play games in a much higher resolution it may be advisable to spend the extra money. However, despite whichever phone you choose to buy, with the Bajaj Finserv EMI Card you can smartphone delivered to your doorstep in less than 24 hours with no paperwork, instant approval, zero down payment and interest on EMI. You also have refurbished mobiles now available on the Bajaj Finserv EMI Store.

Read more about How To Compare Different Smartphones On The EMI Store before purchase

Read more about How should you evaluate a smartphone? Five Factors To Consider – Bajaj Finserv EMI StoreHow should you evaluate a smartphone camera?Reasons To Buy The Samsung Galaxy J7 Prime on the EMI Store and more on the Bajaj Finserv MARKETS Blogs.

Get cyber security for your smartphone from Bajaj Finserv MARKETS for protection against any potential cyber threats and risks.


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522