Vodafone Idea Partners With Home Credit to Offer 4G Smartphones at Rs 799 Down Payment

Vodafone Idea Limited today announced its partnership with Home Credit India which is an international consumer finance provider. According to Vodafone Idea, it’s an industry-first strategic alliance that provides the customers of the telecom operator financial access to purchase a 4G smartphone. The company has confirmed that the partnership with Home Credit allows users to get a 4G smartphone at a down payment of just Rs 799. On top of that, Vodafone Idea prepaid customers purchasing a 4G handset through this partnership will be able to get a bundled plan offering benefits for 180 days. Smartphones on Home Credit are available at a starting price of Rs 3,999 and there are multiple options to choose from.

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Vodafone Idea Prepaid Customers Can Avail Rs 799 Down Payment

Vodafone Idea says the partnership with Home Credit is established with the aim of upgrading Vodafone Idea customers to the latest 4G smartphones. We all know how successful was the original JioPhone priced at Rs 1,500. Reliance Jio already confirmed that it sold over 70 million JioPhones, so essentially it added 70 million users through JioPhone sales. In short, Vodafone Idea is looking to accelerate the adoption of 4G smartphones and democratise access to Vodafone Idea 4G.

Vodafone Idea customers can select any 4G smartphone of their choice from a wide range of options available on Home Credit. The prices of these smartphones start at Rs 3,999 and the value just goes upwards. Irrespective of the smartphone value, Vodafone Idea can choose the Rs 799 down payment option, making it a much lower than the market norm of down payment being 30-40% of the handset value.