As promised, the world's most affordable smartphone by Reliance
Jio dubbed as "JioPhone Next" is confirmed to be launched in Diwali
season soon. The company has detailed the various financing options on the
purchase of it.
The website of Reliance Jio has mentioned that the phone can be
bought without any financing option at a lump sum price of Rs 6499 at launch.
However, it has also provided various Easy Monthly Installment options which
also includes different Data plans as well.
For the people with less budget, The JioPhone Next can be bought for
an upfront fee of Rs 1,999 with variety
of EMI options to choose from. It is worth to note that a Finance processing
fee of Rs 501 has to be paid extra with any EMI option.
Below are the various finance options provided on the website of
Reliance Jio.
Always-on plan:
In this EMI option, buyers can choose between two sub options like paying Rs 300 for 24 months or Rs 350 for 18 months. Both these sub options provide 5GB of data and 100 minutes of free calling a month. This is the most cheapest EMI option provided which might suit users who do not have much data usage and call usage. Since only 100 minutes of free calling per month is provided, it needs to be seen how users approach these EMI options.
In this EMI option, buyers can choose between two sub options like paying Rs 300 for 24 months or Rs 350 for 18 months. Both these sub options provide 5GB of data and 100 minutes of free calling a month. This is the most cheapest EMI option provided which might suit users who do not have much data usage and call usage. Since only 100 minutes of free calling per month is provided, it needs to be seen how users approach these EMI options.
Large Plan:
This option offers the choice of Rs 450 per month for 24 months or Rs 500 for 18 months for 1.5GB daily data and unlimited voice calls. Though the final price after completion of financing period might raise significantly, it is worth to note that this plan is also offering same benefit as that of Rs 199 plan. So the users are paying around Rs 250 for the device financing per month.
XL Plan: Users will get 2GB data a day with unlimited
voice calling for Rs 500 for 24 months or Rs 550 for 18 months. Here, users are
getting benefits of Rs 249 plan ( which gives 2GB data + unlimited calling per
28 days). So effectively, users are going to pay Rs 250 per month as part of
Device finance.
XXL Plan:
This is the last EMI option provided which will provide 2.5GB data per day along with unlimited calling. In this option, users will have to pay Rs 550 a month for 24 months or Rs 600 per month for 18 months. There is no prepaid plan of 2.5GB per day, however if you compare with 3GB data per day plan, this data option can be equated to approximately 300rs per month. Hence here also users are paying only 250 rs as part of device financing option.
Conclusion:
JioPhone is dubbed as Most affordable Smartphone in the entire world which provides most advanced features at a very reasonable price. The lump sum price is set at Rs 6499 on launch. However, the Jio team has cleverly merged EMI option to both Device price and Prepaid plan price. Clearly, this is a marketing master stroke which needs to be admired. However, if you look at the extra financing cost that will build up till the completion of EMI period ( including one time processing fee of Rs 501), cost might seem little high. If this phone can be bought with credit card at no cost EMI, the deal might get much better for the users.
This option offers the choice of Rs 450 per month for 24 months or Rs 500 for 18 months for 1.5GB daily data and unlimited voice calls. Though the final price after completion of financing period might raise significantly, it is worth to note that this plan is also offering same benefit as that of Rs 199 plan. So the users are paying around Rs 250 for the device financing per month.
This is the last EMI option provided which will provide 2.5GB data per day along with unlimited calling. In this option, users will have to pay Rs 550 a month for 24 months or Rs 600 per month for 18 months. There is no prepaid plan of 2.5GB per day, however if you compare with 3GB data per day plan, this data option can be equated to approximately 300rs per month. Hence here also users are paying only 250 rs as part of device financing option.
JioPhone is dubbed as Most affordable Smartphone in the entire world which provides most advanced features at a very reasonable price. The lump sum price is set at Rs 6499 on launch. However, the Jio team has cleverly merged EMI option to both Device price and Prepaid plan price. Clearly, this is a marketing master stroke which needs to be admired. However, if you look at the extra financing cost that will build up till the completion of EMI period ( including one time processing fee of Rs 501), cost might seem little high. If this phone can be bought with credit card at no cost EMI, the deal might get much better for the users.
