ZOPO, Home Credit tie-up to enable people purchase smartphones at 0% EMIs

New Delhi [India], Dec 29 (ANI): Hi-tech enterprise ZOPO has announced its tie-up with Home Credit, a leading consumer durable loan and two wheeler finance provider in India.
As per the alliance, consumers can purchase ZOPO smartphones on EMI at
zero per cent interest rates. These easy, simple and fast loans can be availed across 4800 stores in India. For ZOPO smartphones below Rs. 15000, EMI schemes of six months to seven months can be availed of at a processing fee of Rs. 399 and Rs. 599 respectively.
The minimum down payment is 20 percent of the phone's maximum retail price. For smartphones above Rs. 15000, the processing fee remains the same for six to seven month tenure. However, the down payment is 30 percent of the phone's market price. Also, ZOPO is the first brand to introduce 365 days replacement warranty on all its products.
"We are extremely excited about this alliance with Home Credit, one of India's fastest growing Non-Banking Financial Companies offering easy loans for home appliances, mobile phones, laptops and two wheeler purchases. Today's smart, discerning and technology savvy millennial needs best of breed futuristic gadgets and we at ZOPO are committed to provide just that, at an affordable price," said CEO ZOPO India, Sanjeev Bhatia.
"We understand that India is a price sensitive country and at the same time, people do not want to compromise on quality. This insight made us tie up with Home credit so that we can provide the best of our smart phones at interest free EMIs and hassle free financing options," he added.
"Our association with ZOPO is a well thought out decision. The brand manufactures pioneering hi end products at affordable price points and knowing how smartphones sells in India, it is but natural for us to tie up with the renowned brand,' said Head National Key Accounts Home Credit, Sridhar Srinivasan. (ANI)