ZOPO partners with Home Credit to enable people purchase smartphones at 0% EMIs
ZOPO, the hi-tech enterprise which is engaged in designing, manufacturing and marketing of mobile intelligent terminal products, today 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 6 months to 7 months can be availed of at a processing fee of Rs 399 and Rs 599 respectively. The minimum down payment is 20% of the phone’s maximum retail price. For smartphones above Rs 15000, the processing fee remains the same for a 6 to 7 month tenure. However, the down payment is 30% of the phone’s market price. Also, ZOPO is the first brand to introduce 365 days replacement warranty on all its products.
Talking about the partnership with Home Credit, Mr. Sanjeev Bhatia, CEO, ZOPO India, commented, “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.”
“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. The smartphone market in India is going through a cut-throat competition of sorts and relevance, price and technology innovation dictates who is here to stay.”, he added.
Mr. Sridhar Srinivasan Head, National Key Accounts, Home Credit, said, “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. The company is dedicated towards mobile smart technology and continually bring great, affordable products to the market.”
ZOPO recently rejigs its leadership team by bringing in Mr. Sandeep Tomar as the National Business Manager. A noted veteran in the telecommunications space, Mr. Tomarassumed the responsibility of managing strategic planning, sales & distribution, business development, channel and team Management at Zopo India.