Vodafone Idea partners with Home Credit India for incredible offers!

They now offer 4G smartphone bundles starting at INR 799/-

Vodafone Idea Limited one of India’s leading telecom service provider and Home Credit India, an international consumer finance provider with the largest penetration in sub Rs. 10,000 categories in India, today announced an industry-first strategic alliance. The alliance will play a vital role in providing financial access to a customer base, which has not been exposed to it in the past. First-of-its-kind industry alliance to facilitate financial access for 4G smartphone bundle. It will provide financial access to the customer base with no credit history. Lowest down payment for a 4G smartphone device bundled with 180-day (6 months) plan!

The partnership with Home Credit ensures that for a down payment of just Rs. 799/-, Vodafone Idea prepaid customers will now be able to buy the latest 4G Smartphones with a bundled 180-day validity plan offering unlimited local and national calls & 1.5GB data/day.

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 down payment being around 30-40% of handset value.

The table highlights the benefits of the new VIL offer as against other handset finance offers in the market

Handset ValueINR 5,000INR 10,000INR 15,000
Down Payment Amount (INR)Vodafone Idea Offer799/-799/-799/-
Regular Offer (30-40%)1500-2000/-3,000-4,000/-4,500-6,000/-
BenefitsVodafone Idea Offer6 months bundled plan6 months bundled plan6 months bundled plan
Regular OfferNo telco benefitNo telco benefitNo telco benefit
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Commenting on the partnership, Avneesh Khosla, Operations Director – Marketing, Vodafone Idea Limited said,

“It is our constant endeavour 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 fulfil 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 said, 

“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 instalments along with the device –

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Telecom Bundle
VoiceUnlimited local & national calls
SMS100 free local & national SMS
Data1.5 GB data per day
RoamingFree National roaming
Validity180 days

So, guys, do you think whether this option would allow more people to buy a smartphone of their choice? Do let us know your thoughts in the comments section below! You can subscribe to our push notification updates and newsletter for more timely tech updates and more!

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Ketan Jha is an aspiring writer who loves everything beautiful and is always eager to inspire and motivate people! He loves the latest gadgets and technology!

Vodafone Idea partners with Home Credit India for incredible offers!

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