Reliance Communications on Friday announced that it will be selling the iPhone 5C and iPhone 5S on a 2-year contract basis with Equated Monthly Instalments (EMIs) and no down-payment.

Under the scheme Reliance will offer iPhone5C for an EMI of Rs 2,499 per month over a 24-month period and iPhone 5S at Rs 2,999 per month over the same period. This payment comes bundled with free unlimited calls and SMSes (local and STD across network), apart from zero cost for 3G data usage. There is also no charge on national roaming.

Apple will gain market share a little bit as monthly EMI is high as price sensitive customers will avoid buying overpriced iPhones.

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