DMI Finance, partner of Reliance Retail to offer loans for JioPhone Next, Telecom News, ET Telecom

NEW DELHI: DMI Finance and Reliance Retail Monday have teamed up to provide instant loans to customers for the all-new JioPhone Next 4G smartphone, which was jointly developed by Reliance Industries and Google.

Reliance Retail customers will be able to benefit from an end-to-end paperless journey that will provide instant, flexible and affordable EMI options. The loan term for the JioPhone Next will be 18 and 24 months.

Jio launched the highly anticipated JioPhone Next last Friday which can be purchased from November 4, 2021 with an upfront payment of Rs 6,499. Users can also pay Rs 1,999 in advance and the remaining amount via EMI over 18 or 24 months with service refills. Monthly payments start from Rs 300 to Rs 600.

The two companies also said they would offer a suite of digital financing options to Reliance Retail’s consumer electronics customers across the country.

“At DMI, we are proud to partner with Reliance Retail to fund a range of consumer electronics devices, starting with the JioPhone Next, which will enable hundreds of millions of Indians to access digital lives and bring them closer to realizing their dream of a more prosperous future, ”said a spokesperson for DMI.


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