Home Credit India, Today announced an industry-first strategic alliance with Vodafone Idea. By paying Rs 799 down payment Vodafone prepaid customers can buy the latest 4G smartphones.
Vodafone Idea has now made it easy to buy smartphones. The company has partnered with Home Credit for this. Home Credit is an international consumer finance provider. Together these two companies have launched a scheme. Under this, customers will be able to buy smartphones at a down payment of Rs 799. Customers buying phones will also be given several add on benefits for the plan for 180 days. The company wants to connect more and more users to the 4G network through this.
Customers can select the 4G smartphone of their choice from a wide range of options and popular brands available at multiple price points starting at 3999/-. Irrespective of the cost of the handset chosen, the down payment remains constant at only Rs.799/- for this offer, much lower than the market norm of a down payment is 30-40% of handset value.
Below are the benefits of the new Vodafone Idea Ltd. offer as against other handset finance offers in the market,
Commenting on the partnership, Avneesh Khosla, Operations Director – Marketing, Vodafone Idea Limited mentioned –
It is our constant endeavor to deliver the most relevant proposition and value to our customers. We are delighted to partner with Home Credit to offer easy finance options to encourage our customers to upgrade to 4G smartphones. This partnership will help fulfill the aspirations of several million mobile phone users across the country, including those who have never had access to credit before and those who desire a smartphone but couldn’t afford to pay upfront. This bundled telecom offer will enable non-users of 4G to upgrade and experience the benefits of mobile internet while enjoying a richer user experience with Vodafone Idea.
The partnership has been conceived with the aim of upgrading existing Vodafone Idea customers to the latest 4G Smartphones and the world of mobile data consumption. In simple words, this initiative will accelerate the adoption of 4G smartphones and democratize access to Vodafone Idea 4G.
This enhancement in the lifestyle will be powered by Home Credit’s consumer financing offer to the customers of Vodafone Idea. The customer can access finance in 179 cities of operations of Home Credit India through the vast Point-of-Sale (PoS) network of 29,000. Vodafone Idea customers will be able to walk into any PoS and upgrade their Smartphone
Speaking about the alliance, Mr. Ondrej Kubik, CEO, Home Credit India mentioned –
We are delighted to partner with Vodafone Idea for this unique initiative. This initiative will further strengthen our commitment towards financial inclusion and enabling that through credit provision for first time borrowers and others. Together with Vodafone Idea, Home Credit India will be able to not just help people upgrade their phones but also their lifestyle. With a Smartphone, a customer can upgrade the lives of themselves and their families. I am sure that this will create a mutually beneficial partnership between Vodafone Idea and Home Credit, where the consumer will be the ultimate winner.
As part of the bundled offering available on finance, Vodafone Idea customers will be able to buy a 4G Smartphone at a put-down price of just Rs. 799, for which the following benefits will also be available on easy installments along with the device –