Samsung to offer loans to buy smartphones, TVs, ACs and more through its Finance+ service

Samsung announced its digital lending platform — Finance+ — in 2020 and now it has upgraded its benefits to a wider range of products this festive season. As a part of the service, the company is offering consumers the option to avail of easy credit and buy Samsung products such as TVs, soundbars, refrigerators, washing machines, microwaves and air conditioners.
Samsung Finance+: What has changed
As mentioned, Samsung launched the Finance+ service in 2020. But, it was limited only to Galaxy smartphones. However, the company has now expanded its benefits across all categories including home appliances, smartphones, TVs, etc. This means, users can now borrow money on easy finance options and buy any at affordable EMI options.
Samsung Finance+: Benefits
For starters, consumers can enjoy a paperless journey with the in-store Samsung promoter assisting the consumer through the process. Apart from that, the program also offers customisable offers for everyone.
To start with, Samsung is launching Samsung Finance+ at around 3,000 consumer electronics stores in 1,200 cities across the country. Samsung plans to take Samsung Finance+ to more than 5,000 retail outlets in approximately 1,500 cities by the end of 2022, supporting consumers during the festive period.
How does Samsung Finance+ Work
Consumers can avail a loan under Samsung Finance+ in a few simple steps. They simply need to visit the nearest select Samsung retail store with the requisite documents, ask for the Samsung Finance+ desk and submit the e-documents for KYC verification.
Once KYC verification and credit scoring is done, the loan is disbursed with easy EMI payment plans within 20 minutes. Once completed, the consumer can easily buy their favourite Samsung product without any hassle.

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