Loan Singh & Airtel – What is the Airtel Family Member plus Plan?

Family-Member-Plus-Plan

Introduction

The Airtel’s Online Store facilitates buying an iPhone 7 for just Rs.7777 as down payment and Rs.2499 as EMI. Where else can you buy an iPhone for such a small one-time investment?
Airtel’s Online Store serves as a great avenue for consumers to buy their dream smartphone. Not just this, but the iPhone comes bundled with Airtel’s Postpaid Plan and a host of added features. Gone are the days when we entered a bank, stood in a queue, applied for a personal loan using a multitude of documents and still be unsure of getting the cash needed to buy what we wanted. Powered by Loan Singh – the Airtel Online Store is your best option for buying your dream iPhone.

 

The Launch

On October 16th, Indian telecom giant, Airtel launched its Online Store to offer premium range smartphones with affordable down payment options. The smartphones are also bundled with Airtel’s postpaid plan. The Online Store is part of Airtel’s ‘Project Next’ – Airtel’s digital innovation programme that is aimed at transforming customer experience across all its services and touch points. The project will further see an investment of up to Rs.2,000 Crore over the next 3 years purposed with the launch of several exciting digital innovations.

On the announcement of the Online Store, Harmeen Mehta, Global CIO and Director (Engineering), Bharti Airtel had the following to say, “Imagine getting your dream device, instant credit to purchase it and a great plan to go with it, all available in one place with a few clicks. All this is a product of some cutting-edge digital engineering by the in-house teams at Airtel. We would also like to thank our partners for integrating their APIs seamlessly with our platform to enable a great customer experience.”

The launch of the Online Store has required multiple brands working in partnership with Airtel, to provide an easy and hassle free online experience – wherein the customer is not just adding the smartphone in his cart, but buying it with instant credit verification and door-step delivery, as well. This is a pioneering step that amalgamates e-commerce and online financing.

 

Airtel’s Partners

Airtel has partnered with Apple, HDFC Bank, Clix Capital, Seynse Technologies (developers of Loan Singh), Brightstar Telecommunications and Vulcan Express, to enable its Online Store. The Online Store is currently set to serve customers in 21 cities across India; further expanding to other cities and towns in due time.

Goa based Seynse Technologies Pvt. Ltd. prides in being associated with Airtel for Airtel’s Online Store. Earlier this year, Bharti Airtel had acquired a strategic stake in Seynse, as well.

Role of Seynse

The role of Seynse, in the partnership, has been that of an enabler of technology and credit underwriting

Credit Underwriting

Credit underwriting, in simple terms, is the process of determining if the customer is eligible to avail credit; based on his/her financials & other relevant criteria. The customer’s Aadhar and Seynse’ proprietary credit algorithms help to assess creditworthiness of each borrower.

L-a-a-S (Loan-as-a-Service)

Seynse has created a platform to enable a complete digital loan lifecycle – from online application to instant disbursement, including regular EMI re-payment and managing fund flow between partners. Seamless integration between participating entities makes the entire system sustainable and scalable to the entire Indian population.

 

Airtel Family Plan

In December of 2014, Airtel had announced the launch of ‘myPlan Family’. It allowed Airtel Postpaid customers to not just tailor their postpaid plan but also share its benefits with their entire family.  The features of this plan are

  • Customization of postpaid plans based on entire family’s usage and preferences
  • Sharing of plan benefits with 5 other family members
  • Allowing for efficient use of mobile data
  • Saving up to 30% on mobile postpaid bill
  • Enjoying free calls amongst the family
  • Running one plan for all devices
  • A convenience fee of Rs.99 to be paid for each family member

 

Get an Airtel Connection for 1 Member Free!

Airtel is currently offering the iPhone 7 and iPhone 7 Plus handsets through its Online Store. Some features of the Airtel’s Online Store are

  • iPhone 7 32GB variant is available at a down payment of just Rs.7777
  • Easy EMI of Rs.2499 (inclusive of Airtel’s Postpaid Plan and other value additions)
  • iPhone 7 Plus 32GB variant is available for a down payment of Rs.17300
  • Completely online process
  • Minimal documentation
  • Instant credit approval
  • Up to 6 vibrant colours to choose from

The EMI of Rs.2499 also includes network services, such as

  • 30 GB of Airtel’s monthly data plan
  • Unlimited calling (local, STD, national roaming)
  • Airtel Secure package (cover on smartphone for any physical damage, and cyber protection)
  • *Free Airtel connection for a family member

*At the Airtel Online Store, you will get an Airtel connection for a family member to share your data and unlimited calling; all included in the Rs.2499 EMI.

Basically, you get an entire Airtel family plan along with your brand-new iPhone.

 

How to get an iPhone 7 for just Rs. 7777?

The steps are mentioned below

  1. Go to Airtel Online Store
  2. Select the iPhone model and variant
  3. Pay Rs.7777 as down payment
  4. Get the phone delivered to your doorstep
  5. Pay Rs.2499 every month for 24 months (this includes a fully loaded Airtel Plan)

Press Coverage: NDTV | Economic Times | Business Standard | Times of India | Business Today

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