The iPhone 16 is currently the most value-for-money deal for premium smartphone buyers who want to have a taste of the classic iPhone experience without pinching their wallet hard. However, an ongoing sale at Croma has made the iPhone 16 even more irresistible. In what is being hailed as one of the most aggressive price cuts since its launch, the Apple iPhone 16 is currently available for an effective price of just Rs 40,990 during Croma’s Cromtastic December sale.
The deal, which significantly undercuts the official Apple Store price of Rs 79,900, has sent waves of joy through the premium Indian smartphone market. However, reaching the sub-Rs 41,000 price point requires a smart combination of instant discounts, bank offers, and exchange bonuses, which makes the iPhone 16 a tempting deal.
Breaking down the math: How to get iPhone 16 at Rs 40,990?
The iPhone 16 (128GB variant) is listed on Croma with a flat retail discount, but the headlining price of Rs 40,990 is achieved through a tiered structure:
Store discount: Croma has reduced the initial listing price as part of the December festive push.
Instant bank offer: Customers using HDFC Bank Credit Cards can avail of an instant discount (typically ranging from Rs 3,000 to Rs 5,000).
Exchange bonus: The heaviest lifting is done by Croma’s exchange program. By trading in a high-value older device—such as an iPhone 14 or iPhone 15 in good condition—users can get a notable trade-in value plus an additional “exchange bonus” provided by the retailer.
NeuCoins and loyalty: Tata Neu members can further shave off costs by using accumulated NeuCoins.
iPhone 16 Croma offer: Does it make sense in late-2025?
Launched over a year ago, the iPhone 16 features the A18 chip, a dedicated Camera Control button, and the Apple Intelligence suite. Seeing a last-generation flagship drop to near-mid-range pricing—even with exchange—is a rare occurrence so early in the product cycle. The iPhone 16 may miss out on the ProMotion display of the iPhone 17, but for everything else, the generic user experience isn’t far off. You get a competent camera system, good battery life and a solid built quality, which, along with a polished iOS experience, makes the iPhone 16 at that price seem like a steal.
The move is seen as a strategic push by the Tata-owned Croma to capture year-end shoppers before the arrival of the 2026 flagship season.
The offer is currently live across Croma’s online store and physical retail outlets nationwide. However, the colour options on the iPhone 16 may be limited, considering that the deal is subject to stock availability. Prospective buyers are advised to check the exact exchange value of their current device on the Croma website before heading to the store, as the final price will vary based on the condition and model of the phone being traded in.
