Vodafone Idea (Vi) and Bajaj Finance have formed a strategic partnership to help users in getting new smartphones and prepaid plans altogether in an EMI scheme.
Vodafone Idea (Vi), the newest telecom brand in India, and Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv Group has entered into a strategic partnership to facilitate easy access to smartphones at affordable EMIs, along with 6 months and 1-year pre-paid plans from Vi.
Enhancing affordability in device financing, the partnership unlocks ease of 4G access for Vi customers, by enabling them to get a smartphone of their choice and an annual or half-yearly Vi prepaid recharge plan at zero down payment and Easy EMIs. As part of the partnership, the EMI will be calculated basis the total billed amount including the price of the smartphone and the recharge. Thereafter, the amount will be divided into 6 to 12 monthly installments to derive the EMI amount.
If customers opt for the INR 1197 Vi Pre-paid recharge for 6 months tenure, the EMI amount required to be paid by the customer will be INR 200 instead of INR 249 open market recharges. In case, a customer opts for the annual Vi recharge variant priced at INR 2399 for 12-months tenure, the EMI amount required to be paid by the customer is INR 200 instead of INR 299 open market recharges thereby giving customers significant savings.
Here the customer gets the unique advantage of being able to save by paying the amount on affordable EMI’s.
As part of the bundled offering, Vodafone Idea customers choosing the pre-paid recharge with a validity of 6 months, can get Unlimited Voice benefits along with 1.5 Gb Data/day at INR 1197. Similarly, customers selecting for 12 months recharge validity, will get 2 Gb Data/day along with Unlimited Voice benefits at a profitable INR 2399. Both the proposition also offers 100 free SMS and free national roaming, against the recharge at the time of purchasing the device.
Customers can avail of this hassle-free finance in 2392 locations of operations of Bajaj Finance Ltd. through the vast Point-of-Sale (PoS) network of 70000+ Vi customers will be able to walk into any PoS and upgrade their smartphone.
Speaking about the alliance, Manish Jain, Senior Executive Vice President, Bajaj Finance Ltd. said, “It is our constant endeavour to bring to our customers more and more unique affordability offerings. This partnership offers a first of its kind proposition to help a new mobile customer get unmatched comprehensive savings.”
Vodafone Idea’s partnership with Bajaj Finance Limited has been forged with the aim of providing easy access to the best handsets for our customers also allowing them to experience the benefits offered by GIGAnet from Vi- India’s fastest and most consistent 4G network, as certified by Ookla.