The installment plans available in Sri Lanka to buy the iPhone 16 (128GB-256GB-512GB) on installments provide a great opportunity for you to buy the latest Apple devices on your own terms. These installments are available in different durations and installments, allowing users to pay according to their budget. If you are planning to buy the iPhone 16 in Sri Lanka, you can choose this plan through various banks and mobile stores.
These plans are available for different capacities such as 128GB, 256GB, and 512GB versions, and the prices for each version can be paid in installments. The advanced features of the iPhone 16, such as an improved camera, faster processor, and more storage, provide a wonderful experience to users.
Thanks to the facility of buying on installments in Sri Lanka, you can enjoy this advanced technology without any financial pressure, and arrange the monthly installments according to your needs. In addition, many stores and banks offer you to buy the iPhone 16 in installments with lower interest rates and more convenient terms, which is another big advantage for consumers.
Apple iPhone 16 Real Price
| Variant | Price |
|---|---|
| 128GB | LKR 264,900 – LKR 299,900 |
| 256GB | LKR 349,900 – LKR 399,900 |
| 512GB | LKR 315,000 to LKR 330,000 |
The prices of the different storage variants of the iPhone 16 vary in Sri Lanka. The 128GB version starts at LKR 264,900 and goes up to LKR 299,900, while the 256GB version is priced between LKR 349,900 and LKR 399,900. Furthermore, the 512GB version is priced between LKR 315,000 to LKR 330,000. These prices may vary slightly depending on different stores and offers, but in general, this range allows users to buy different options of this latest iPhone.
Apple iPhone 16 Specification
| Name | Specification |
|---|---|
| Technology | GSM / CDMA / HSPA / EVDO / LTE / 5G |
| Launched Date | September,2024 |
| Dimensions | 147.6 x 71.6 x 7.8 mm |
| Phone Weight | 170 g |
| Body Specs | Glass front (Corning-made glass), glass back (Corning-made glass), aluminum frame |
| Phone SIM Cards | Nano-SIM and eSIM – International |
| Display Type | Super Retina XDR OLED |
| Display Size | 6.1 inches |
| Display Resolution | 1179 x 2556 pixels |
| Display Protection | Ceramic Shield glass (2024 gen) |
| Operating System | iOS 18 |
| Phone RAM | 8GB |
| Phone Memory | 128GB,256GB, 512GB |
| Chipset | Apple A18 (3 nm) |
| Phone CPU | Hexa-core (2×4.04 GHz + 4×2.20 GHz) |
| Phone GPU | Apple GPU (5-core graphics) |
| Phone Main Camera | 48 MP, f/1.6, 26mm (wide), 1/1.56″, 1.0µm, dual pixel PDAF, sensor-shift OIS 12 MP, f/2.2, 13mm, 120˚ (ultrawide), 0.7µm, dual pixel PDAF |
| Video Main Camera | 4K@24/25/30/60fps,1080p@25/30/60/120/240fps, HDR, Dolby Vision HDR (up to 60fps), stereo sound rec. |
| Phone Front Camera | 12 MP, f/1.9, 23mm (wide), 1/3.6″, PDAF SL 3D, (depth/biometrics sensor) |
| Video Front Camera | 4K@24/25/30/60fps, 1080p@25/30/60/120fps, gyro-EIS |
| Wifi | Wi-Fi 802.11 a/b/g/n/ac/6/7, tri-band, hotspot |
| Bluetooth | 5.3, A2DP, LE |
| GPS | GPS, GLONASS, GALILEO, BDS, QZSS |
| NFC | Yes |
| FM-Radio | No |
| USB-Cabel | USB Type-C 2.0, DisplayPort |
| Phone Battery | Li-Ion 3561 mAh |
| Charger Watts Wireless Charger | Wired 25W wireless (MagSafe) 15W wireless (Qi2) 4.5W reverse wired |
| 3.5mm Jack | No |
| Loudspeaker | Yes, with stereo speakers |
| Colors | Black, White, Pink, Teal, Ultramarine |
| Sensors | Face ID, accelerometer, gyro, proximity, compass, barometer Ultra Wideband (UWB) support (gen2 chip) Emergency SOS, Messages and Find My via satellite |
| Card Slot | No |
The Apple iPhone 16 features cutting-edge technology, with GSM, CDMA, HSPA, EVDO, LTE, and 5G network support. It was launched in September 2024 and measures 147.6 x 71.6 x 7.8 mm, weighing 170 grams. Its front and back are made of Corning-made glass, and the aluminum frame further strengthens its structure. The phone supports both Nano-SIM and eSIM. The 6.1-inch Super Retina XDR OLED display comes with a resolution of 1179 x 2556 pixels, which is protected by Ceramic Shield glass.
This iPhone runs on iOS 18 and is powered by an Apple A18 chipset (3nm) and a hexa-core CPU (2×4.04GHz + 4×2.20GHz) with 8GB of RAM, while the Apple GPU (5-core graphics) provides graphics power. The phone’s main camera consists of a 48 MP wide lens (f/1.6) and a 12 MP ultra-wide lens (f/2.2), which is capable of recording 4K videos, and also supports Dolby Vision HDR. The front camera is a 12 MP wide lens (f/1.9), which can record 4K videos.
The battery capacity is 3561 mAh and it supports 25W wired and 15W wireless charging. The phone includes a USB Type-C 2.0 port, 5.3 Bluetooth, NFC, GPS, and various sensors such as Face ID, accelerometer, gyro, proximity, and barometer. It is available in black, white, pink, teal, and ultramarine, and it does not have a 3.5mm jack.
Apple iPhone 16 Installment Plans in Sri Lanka
Installment payment plans provide a great option to buy the Apple iPhone 16 in Sri Lanka. You can choose any of the 128GB, 256GB, and 512GB storage variants, and pay for it in easy monthly installments. The 128GB version is priced from LKR 264,900 – LKR 299,900, while the 256GB version is priced from LKR 349,900 – LKR 399,900 and the 512GB version is priced from LKR 464,900 to LKR 504,900.
You can buy this iPhone on installments through various banks and mobile stores in Sri Lanka, giving you the opportunity to take advantage of this cutting-edge technology without financial stress. These installment plans offer customers the flexibility to pay according to their financial needs, and with a choice of different tenors and interest rates, you can get the iPhone 16 that fits your budget.
HNB Bank Installment Plans
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 3 Months | 8.50% | LKR:94,992 | LKR:284,975.25 |
| 6 Months | 11% | LKR:48,590 | LKR:291,541,50 |
| 12 Months | 16.50% | LKR:25,499 | LKR:305,987,25 |
| 24 Months | 27.50% | LKR:13,953 | LKR:334,878,75 |
Under HNB Bank’s installment plans, the monthly installments and handling fees are fixed for different tenures. The monthly installment for a three-month period with 8.50% handling fee will be LKR 94,992, and the total cost will be LKR 284,975.25. The monthly installment for a six-month period with 11% handling fee will be LKR 48,590, making the total cost LKR 291,541.50.
The monthly installment for a twelve-month period with 16.50% handling fee will be LKR 25,499, and the total cost will reach LKR 305,987.25. Also, since there will be 27.50% handling fee for a twenty-four-month period, the monthly installment will be LKR 13,953 and the total cost will be LKR 334,878.75. These installment plans provide the convenience of customers to shop according to their budget.
Commercial Bank Installment Plan
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 3 Months | 5% | LKR:91,928 | LKR:275,782.50 |
| 6 Months | 6.5% | LKR:46,620 | LKR:279,722,25 |
| 12 Months | 9% | LKR:23,857 | LKR:286,288,50 |
| 18 Months | 16% | LKR:16,926 | LKR:304,674,00 |
| 24 Months | 19% | LKR:13,023 | LKR:312,553,50 |
Commercial Bank’s installment plan offers payment options for purchasing the iPhone 16 over various periods. The 3-month installment plan has a monthly installment of LKR 91,928 with a 5% handling fee, after which the total cost is LKR 275,782.50. The 6-month plan has a monthly installment of LKR 46,620 with a 6.5% handling fee, and the total cost is LKR 279,722.25.
The 12-month plan has a monthly installment of LKR 23,857 with a 9% handling fee, and the total cost is LKR 286,288.50. The 18-month plan has a monthly installment of LKR 16,926 with a 16% handling fee and a total price of LKR 304,674.00, while the 24-month installment plan has a monthly installment of LKR 13,023 with a 19% handling fee and a total price of LKR 312,553.50. With these installment plans, you can easily buy the iPhone 16 and pay according to your financial convenience.
NDB Bank Installment Plans
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 6 Months | 11.5% | LKR:48,809 | LKR:292,854.75 |
| 9 Months | 14.5% | LKR:33,415 | LKR:300,734,25 |
| 12 Months | 16.5% | LKR:25,499 | LKR:305,987,25 |
| 18 Months | 20.5% | LKR:17,583 | LKR:316,493,25 |
| 24 Months | 25.5% | LKR:13,734 | LKR:329,625,75 |
| 38 Months | 32.5% | LKR:9,667 | LKR:348,011,25 |
NDB Bank’s various installment plans allow customers to purchase the iPhone 16 in easy monthly installments. If you choose to pay installments over 6 months, the monthly installment will be LKR 48,809 and the total cost will be LKR 292,854.75. Over a 9-month period, the monthly installment will be LKR 33,415 and the total cost will reach LKR 300,734.25.
The 12-month plan will have a monthly installment of LKR 25,499 and the total cost will be LKR 305,987.25, while the 18-month installment plan will have a monthly installment of LKR 17,583 and the total cost will be LKR 316,493.25. The 24-month period plan will have a monthly installment of LKR 13,734 and the total cost will be LKR 329,625.75. Finally, the monthly installment in 38 months installments will be LKR 9,667 and the total cost will be LKR 348,011.25. These installments have different interest rates that will be applicable according to the tenure you choose.
DFFC Bank Installment Plan
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 3 Months | 9.5% | LKR:95,867 | LKR:287,601.75 |
| 6 Months | 10.5% | LKR:48,371 | LKR:290,228,25 |
| 7 Months | 11.5% | LKR:41,836 | LKR:292,854,75 |
| 9 Months | 12.5% | LKR:32,831 | LKR:295,481,25 |
| 12 Months | 13.5% | LKR:24,842 | LKR:298,107,75 |
DFFC Bank’s installment plan offers monthly installments and additional fees for different periods. The installment rate for three months is 9.5%, with a monthly installment of LKR 95,867 and a total cost of LKR 287,601.75. The six-month plan has a rate of 10.5%, with a monthly installment of LKR 48,371 and a total cost of LKR 290,228. The twenty-five-month installments have an interest rate of 11.5%, with a monthly installment of LKR 41,836 and a total cost of LKR 292,854.
The nine-month plan has a rate of 12.5%, with a monthly installment of LKR 32,831 and a total cost of LKR 295,481. Finally, the interest rate for the twelve-month plan will be 13.5%, and the monthly installment will be LKR 24,842 while the total price will be LKR 298,107.75.
Seylan Bank Installment Plans
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 6 Months | 7% | LKR:46,839 | LKR:281,035,00 |
| 12 Months | 11% | LKR:24,295 | LKR:291,541,50 |
| 24 Months | 15% | LKR:12,585 | LKR:302,047,50 |
Sililan Bank installment plans are available for different tenures, allowing you to pay the price of the iPhone 16 in easy installments. The monthly installment for a period of six months will be LKR 46,839, and will include a 7% handling fee, with a total price of LKR 281,035.
The monthly installment for twelve months will be LKR 24,295, and will include an 11% handling fee, with a total price of LKR 291,541. The monthly installment for twenty-four months will be LKR 12,585, and will include a 15% handling fee, with a total price of LKR 302,047. These installment plans allow customers to easily purchase their iPhone 16 over different tenures and prices.
KoKo Bank Installment Plans
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 3 Months | 0% | LKR:93,500 | LKR:280,500,00 |
KoKo Bank’s installment plans provide a great opportunity for you to make purchases on easy installments. If you buy an iPhone 16 on 3-month installments, you will not have to pay any additional interest, meaning these installments are provided at 0% interest. Each monthly installment will be LKR 93,500, and the total price will be LKR 280,500. Under this installment plan, you can buy an iPhone 16 without any financial stress and pay it in easy installments.
Union Bank Installment Plans
| Installment Months | Handling Fee | Installment | Total Price |
|---|---|---|---|
| 3 Months | 7.5% | LKR:94,116 | LKR:282,348.75 |
| 6 Months | 10.5% | LKR:48,371 | LKR:290,228,25 |
| 12 Months | 16.50% | LKR:25,499 | LKR:305,987,25 |
| 18 Months | 22% | LKR:17,802 | LKR:320,433,00 |
| 24 Months | 28% | LKR:14,008 | LKR:336,192,00 |
| 38 Months | 40% | LKR:10,214 | LKR:367,710,00 |
The monthly installment rates and handling fees for different tenures under Union Bank’s installment plans are as follows. If you buy an iPhone on installments for 3 months, the monthly installment will be LKR 94,116 and the handling fee will be 7.5%, resulting in a total cost of LKR 282,348.75. The monthly installment for a 6-month period will be LKR 48,371 and the total cost with 10.5% handling fee will be LKR 290,228.25.
The monthly installment for a 12-month period will be LKR 25,499 and the total cost with 16.5% handling fee will be LKR 305,987.25. If you pay installments for 18 months, the monthly installment will be LKR 17,802 and the total cost with 22% handling fee will be LKR 320,433.00. The monthly installment for the 24-month plan will be LKR 14,008 and the total price with 28% handling fee will be LKR 336,192.00. The monthly installment for the 38-month plan will be LKR 10,214 and the total price with 40% handling fee will be LKR 367,710.00.
Conculsion
Ultimately, buying an iPhone 16 on installments in Sri Lanka can be a great solution, especially if you want to use modern technology and want to divide your purchase into easy installments. This facility not only reduces financial pressure, but also allows you to choose from different storage versions according to your preferences.
You no longer have to pay the full amount to take advantage of the iPhone 16’s amazing features such as the improved camera, fast processor and modern design, but you can experience this cutting-edge device by paying in easy installments. The offers of various banks and mobile stores in Sri Lanka make the process even easier, and you can choose the best installment plan according to your budget.
Frequently Asked Questions (FAQS)
Different banks and stores may have different terms and conditions for buying on installments. Typically, you will need to provide identification documents, bank verification, and a specific down payment. You will need to make payments based on monthly installments.
The term of the installments may vary, but usually it can be from 6 months to 48 months. You can choose a suitable term according to your financial situation.
Yes, interest and additional charges may sometimes be charged when buying on installments. These charges may vary depending on the installment plan of your chosen bank or store. It is best to check these terms carefully before purchasing.
Yes, you get the iPhone 16 warranty even if you buy it on installments. It depends on the policy of the store or supplier you choose.
