Back in March, Vivo Nepal announced an EMI service with 0% interest rate in an equated monthly installment for smartphones that cost above the maximum retail price of NPR 15,000 — tying up with Machhapuchchhre Bank Limited and Global IME Bank Limited, which now has extended to Sunrise Bank Limited.
The partnership translates to around 1.2 lakh credit card users that can access the EMI service from Vivo.
Vivo has launched a range of decent mobile phones across entry, lower to upper mid, and high range budget including Vivo Y11 2019, Vivo S1, Vivo S1 Pro, Vivo V17 Pro, and Vivo V19.
Talking about the EMI scheme, the company said, “We strive to make our cutting-edge smartphones both in the mid-range and high end, accessible and affordable for the customers in Nepal, especially the youth. With the 0% interest EMI options at three affiliated banks, our customers can now easily afford high-end Vivo brands and make hassle-free purchases. This will open up the smartphone market to a significantly larger group of customers, and we hope to see continued love from the country.”
Now, here’s a quick guide to the EMI process:
- Customers can visit any nearest branch of the affiliated banks or contact the National distributors — Apex Manokamana and Cellucity to avail the EMI.
- The affiliate bank will verify the customer’s identity and eligibility for the credit card.
- Once verified, the bank will give a purchase order to the customer.
- Finally, Vivo inspects the purchase order, hence providing customers the requested model.
Vivo believes the introduction of the EMI scheme will strengthen its foothold in the Nepali market while reaching out to the youth thereby enabling them to have the latest high-end smartphones with ease.