Phones on Finance: A Guide to Buying Your Next Mobile Phone

If you’re looking to get your hands on the latest mobile phones, but don’t have the cash to pay upfront, you don’t need to worry. There are other ways to get them, and one such option is to obtain credit and buy phones on finance. 

This means you can pay in instalments, rather than paying the full cost at once. One benefit of purchasing a phone on finance is that you can choose from a variety of options, including the popular sim-free Apple iPhone and Samsung Galaxy S23 Ultra, or the highly sought-after iPhone 14 Pro Max and Galaxy S23. You can also select phones based on their operating system, with options like Android and iOS available. Additionally, buying on finance may be cheaper than paying the full cost upfront, and you may even be able to compare deals from different brands like Google to find the best cost for your budget.

Buying phones with credit in Uk

Phones on finance allow you to pay for your new phone in monthly instalments, making it easier to manage your budget. However, it’s important to understand how it works and what to consider before making a purchase.

How does it work?

When you buy a phone on finance, you’ll typically be asked to choose a credit subject to a credit check. The lender will determine your credit limit, which is the maximum amount you can spend on a phone. Once approved, you can choose from a range of new phone models with different operating systems, such as iOS or Android.

You can pay for your new phone in a few ways. One option is to pay monthly for a set period, usually 24 months. This allows you to spread the cost of the phone over time, making it more affordable. Another option is to pay in full, but spread the cost over a longer period, typically 36 months.

What to consider

Before purchasing a phone on finance, it’s important to consider a few factors. Firstly, think about the cost of the phone and whether it fits within your budget. Make sure you can afford the monthly payments and check whether there are any additional fees, such as interest or administration charges.

You should also compare deals from different lenders and phone brands to find the best deal. Look out for offers such as free upgrades, free gifts or reduced prices on certain models.

Another important consideration is your credit status. When you apply for a phone on finance, the lender will perform a credit check to determine your creditworthiness. If you have a poor credit history, you may struggle to get approved or be offered a higher interest rate.

Benefits of buying phones on finance

Buying a phone on finance has several benefits. Firstly, it allows you to get the latest mobile phones without having to pay for them upfront. This can be particularly useful if you need a new phone but don’t have the funds to pay for it all at once.

Secondly, it can be a more affordable option as you can spread the cost over time. This means you can buy a more expensive phone that you might not be able to afford if you had to pay for it upfront.

Thirdly, it can be a convenient option as you can buy your new phone online, without having to visit a store. Many lenders offer a range of filters to help you find the phone you want, including brand, model, price range and features such as Wi-Fi or GPS.


Buying a phone on finance can be a great way to get a new mobile phone without having to pay for it upfront. However, it’s important to consider the cost, compare deals and understand your credit status before making a purchase. With the right approach, you can get the latest mobile phones at an affordable price and spread the cost over time.