Samsung has announced great news for Nepalese customers with a new affordability program “Insta Finance” where consumers purchasing smartphones priced above NPR.25K will get a 0% interest rate financing facility. Therefore in this article, we will discuss Insta Finance at 0% program by Samsung in depth.
What is Insta Finance at 0% Program by Samsung?
Samsung Nepal in collaboration with Hulas Fin Serve (HFL) announced a program to help people upgrade to a better smartphone without the restriction of spending capacity. Samsung Insta Finance program is a hassle-free instant financing solution at a 0% interest rate on EMI for smartphones above NPR.25,000.
Initially, Samsung is launching Insta Finance in over 200 stores in all major markets of Nepal. Whereas Samsung plans to expand the program throughout its network in the next month.
How does Samsung Insta Finance Work?
Getting a Samsung smartphone via Insta Finance is a very simple process that is hassle-free and does not even require a credit card to do so. Consumers can get an instant loan with Samsung Insta Finance in a few simple steps.
- First Customers need to visit the store offering Insta Finance service with the required document (Applicant Citizenship Card and Photo, Guarantor Citizenship and Photo and Income document of applicant).
- Secondly, once the backend verification is completed consumers can sign the legal document and receive the smartphone of their choice.
Objectives of Insta Finance by Samsung Nepal?
Smartphones have become a necessity these days. People have become so dependent on their phones that it is impossible to imagine our life without a smartphone. Additionally, as the world is going digital, and people are becoming more technologically equipped, there has been an increasing demand for better smartphones. People are looking to upgrade to a better smartphone but are restricted by their spending capacity.
Therefore Keeping the trend in mind, Samsung Nepal has taken the initiative to launch the Insta Finance facility in collaboration with Hulas Fin Serve (HFL) to help people upgrade to a better smartphone hassle-free with a 0% Interest rate on EMI.
The program is beneficial for all the stakeholders the consumers and the smartphone retailers. The consumers will be able to get easy access to a loan facility, purchase or even upgrade to the smartphone of their choice at a minimal cost. The sellers will be able to generate more revenue by upselling the consumers to a better device. Hence, it is a win-win situation for everyone.
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BTW What are your thoughts on Insta Finance at 0% Program by Samsung? Do comment below.