Samsung Finance+ now lets you buy smartphones on loan from the comfort of your home

The process is entirely digital and Samsung says nearly everyone applying for financing options will get an offer.

Highlights
  • Samsung Finance+ is a digital lending platform to let customers buy Galaxy phones through easy financing
  • The service has been rolled out to over 12,000 dealers in nearly 300 towns

Samsung Finance+, a digital lending platform to provide easy financing opportunity to smartphone buyers, was unveiled back in September 2019. To avail the financing options, buyers had to visit authorised dealerships. With social distancing becoming the norm and the lockdown continuing, Samsung has started providing the service direct from customers’ homes, making it possible for shoppers to buy Galaxy smartphones with financing options without visiting a retailer. The Samsung Finance+ service is now available across 12,000 dealers in nearly 300 towns; the South Korean giant partnered with DMI Finance for the service in India.

To avail the Finance+ service, customers will have to contact their neighbourhood dealers, who will then send a Samsung promoter to their house to assist with the loan process. There will be few basic steps such as the KYC and credit score verification. Customers can also avail multiple offers on various Galaxy smartphones. The process is entirely digital and Samsung says that nearly everyone applying for finance will be getting an offer on the Galaxy smartphone of their choice.

Mohandeep Singh, Senior Vice President, Mobile Business, Samsung India said, “At Samsung, consumers are at the heart of everything we do. The home delivery of Samsung Finance+ will enable our consumers to buy their favourite Galaxy smartphone at easy finance from the comfort of their homes. It will also ensure that our consumers don’t have to step out to a physical store at a time when Social Distancing is the new normal. Samsung Finance+ is our ‘Make for India’ initiative towards financial inclusion and Digital India. We are confident that the home delivery of Samsung Finance+ will help millions of consumers in India.”