New Delhi, Oct. 6 -- Are you also planning to build up towards a wonderful Diwali? To make it more special, are you planning to grab the recently launched iPhone 17 on EMI? Still, before purchasing, it's essential to understand how buying an iPhone 17 on EMI affects your credit score, borrowing capacity, along the potential financial risks associated with the same.

The impact on your credit score in such a case depends entirely on timely EMI repayments, which can strengthen your credit integrity and overall creditworthiness. Furthermore, missing or delaying iPhone 17 EMI payments can hurt your credit score; here's how it impacts your financial profile.

I. Credit utilisation ratio: A large EMI purchase, such as an iPhone 17, can sharply ...