Hello Reader! How are you doing today? It’s a Friday and usually we take the weekend spirit and share posts that are easy for reading. Today is special, because we will complete a week of the Samsung Galaxy S9 and the Samsung Galaxy S9+ being available in India. The past week saw a flurry of activity involving the Airtel’s Samsung Galaxy S9 offer.
Yesterday’s blog gave you tips on paying your monthly rentals promptly. Today, however, we will look at one of the benefits of paying your monthly rentals and other monthly credit repayments on time – effects on Credit Score.
Before all that let’s go back a week and see how things unfolded for Samsung and Airtel.
Airtel’s Online Store
India’s largest telecom provider Bharti Airtel introduced the Samsung Galaxy S9 and the Samsung Galaxy S9+ on its Online Store on Friday the 16th of March 2018. The two handsets are being offered with excellent down payment options with instant financing. The handsets are also being bundled with Airtel monthly plans which provide a host of features in addition to data and unlimited talk time. The idea behind providing such a fantastic offer is that despite being Samsung’s latest flagship handset, you can easily afford the S9 or the S9+. You get Airtel’s bundled plans along with the handsets, which are an excellent offer in my opinion.
Launched on October 16th 2017, the Airtel’s Online Store platform was created by Airtel along with its partners, Seynse Technologies (developers of Loan Singh), in offering premium ranged smartphones for really affordable down payment options. The smartphones would also be bundled with Airtel’s postpaid plan.
Airtel’s Online Store, working in partnership with its multiple companies, provides an easy and hassle-free online experience where you, the customer, can purchase the Samsung Galaxy S9 or S9+ by simply adding it into your shopping cart, getting an instant credit verification, and receiving a door-step delivery for the same. This is a pioneering step that amalgamates e-commerce and online financing.
The Samsung Galaxy S9 64GB variant is available for a down payment of Rs. 9900 with a monthly installment of Rs.2499 for a tenure of 24 months. The Rs.2499 monthly installment also consists of a built-in postpaid plan which provides 80GB data with unlimited calling. There are also subscriptions added towards Amazon Prime, Airtel TV, Airtel Secure, and Wynk Music.
To ensure that the Airtel Online Store provides an easy and hassle-free financing solution for the Samsung Galaxy S9, Airtel has partnered with Seynse Technologies (developers of Loan Singh), HDFC Bank, Federal Bank, and Clix Capital. This collaboration allows a customer to simply add the Samsung Galaxy S9 to his/her cart, purchase the Samsung Galaxy S9 via instant credit verification and receive the smartphone at their doorstep. This is a pioneering process of the Airtel Online Store that combines both e-commerce and instant online financing.
Goa-based Seynse Technologies Pvt. Ltd. prides itself on being associated with Airtel for the Airtel Online Store in allowing creditworthy individuals to buy the Samsung Galaxy S9. The role of Seynse, in the partnership, is to enable the technology and credit underwriting. Seynse determines if the customer is eligible to avail credit, or not. This is nothing new for Seynse. Seynse is already developers of a digital lending platform called Loan Singh, which provides an online loan to salaried individuals. Loan Singh covers the entire digital loan lifecycle from application to disbursement, including EMI repayment and managing fund flow. Seamless integration between participating entities makes the entire loan lifecycle an everlasting experience.
Samsung Offer on Airtel’s Online Store
The Samsung Galaxy S9 64GB variant is priced at Rs.57900 with the 256GB variant costing Rs.65900. The Samsung Galaxy S9+, however, starts at Rs. 64900 for the 64GB variant and goes up to Rs.72900 for the 256GB variant. Both prices are inclusive of taxes.
Both handsets are available on instant credit financing at Airtel’s Online Store (airtel.in/onlinestore/) and at Samsung’s authorized outlets across India. The launch offer at Airtel includes Rs.9900 as down payment followed by Rs.2499 to be paid in installments for 24 months. Airtel also offers 2TB of data during the same period along with other features such as unlimited calling, handset damage protection, Amazon Prime subscription, and more.
The benefits of the Airtel Online Store Samsung Galaxy S9 offer are:
- Samsung Galaxy S9 64GB variant is available at a down payment of just Rs. 9900
- Easy EMI of Rs.2499 (inclusive of Airtel’s Postpaid Plan)
- Completely online process
- Minimal documentation
- Instant credit approval
- Up to 3 vibrant colors to choose from
The EMI of Rs.2499 also includes Airtel’s network services such as,
- 80 GB of data per month
- Unlimited calling (local, STD, national roaming)
- Free Handset Damage Protection
- Free Amazon Prime one year subscription
Steps to buy a Samsung Galaxy S9 or S9+ from Airtel’s Online Store?
The process to get a brand-new Samsung Galaxy S9 or S9+ is simple. All you need to do is
Head over to Airtel’s Online Store homepage
The homepage greets you with a clear message ‘Samsung S9 and S9+ on India’s fastest growing network’.
Click on ‘ORDER NOW’ to start your short journey of being an S9 or S9+ owner
Product Listing Page
Clicking on the ‘ORDER NOW’ link takes you to the store’s Product Listing Page. Here you need to choose which of the following smartphone you would like to buy
- Samsung Galaxy S9 64GB
- Samsung Galaxy S9+ 64GB
- Samsung Galaxy S9 256GB
- iPhone 7 32GB
The left-hand side sliders allow you to filter the products as per STORAGE and PRICING and the down payment for the Samsung Galaxy S9 256GB variant is Rs. 17900
Samsung Galaxy S9 64GB Product Page
Selecting the S9 takes you to the handset’s respective product page. Once here, select the S9 color from the drop down.
You can choose from a choice of Lilac Purple, Midnight Black or the default Coral Blue.
The storage by default is 64GB (if you want to change this go to the previous screen of Product Listings Page and choose the 256GB variant)
You will also notice the one time down payment amount of Rs.9900. Added to that is the Rs.2499 monthly EMI cum Airtel monthly plan.
Also, enter your PINCODE to check the delivery availability and lastly, hit ‘BUY NOW’
Mobile OTP Page
Over here, Airtel needs to know your primary contact number, and if you are not a ROBOT J
Verify with the OTP, which you will receive on your mobile number.
Personal Information Page
The next page needs you to fill in personal information such as
- Date of Birth
- Aadhaar Card Number
Mobile Number Validation
This page requires you to input your mobile number. The number could be an Airtel number or could be a number from any other provider.
The checkout is not complete without providing your PAN number.
Down payment Page
You need to make the down payment of Rs. 9900 via either your debit/credit card or via netbanking.
Keep an eye out for an email or SMS to find out how quickly the smartphone would be delivered at your doorstep.
Improve Your Credit Score
You would wonder how buying a Samsung Galaxy S9+ can improve your credit score. Apparently, it can.
- Avoid Late Repayments
Ensure that you repay your Airtel monthly rental of Rs.2499 for the Samsung Galaxy S9 and Rs.2799 for the Samsung Galaxy S9+, on time. Do the same for your credit card bills. For sudden expenses that could crop up anytime, have some emergency funds in place. Set up an auto-debit facility that allows your EMIs to be debited directly from your account by the credit institution. Airtel does this and so does Loan Singh.
- No Maxing-out on the Credit Limit
Keep your credit card spend at a low. Aim at spending only up to 40% of your limit. Don’t try to apply for a 2nd credit card if you are struggling with the first card itself. This will lead to a double jeopardy of rejection along with a massive hit to your credit score.
- Healthy Mix of Credit
You must ensure that you have a good mix of credit, i.e. a mix of personal loan, secured loan and credit cards. This tells the credit institution about your experience of servicing debt. In case you have no credit history, Loan Singh will still allow you to apply, but you will need to present your bank statement PDF for the last 6 months.
- Closing Multiple Credit Cards
In case you own multiple credit cards and are planning to close one or two immediately, do so at periodic intervals. Closing a credit card means closing that card’s repayment history, which will anyway reduce your credit score. Also, remember to close the newest cards first. The longer the repayment history, the better.
- Avoid Credit Frenzy
Do not apply for fresh credit, at multiple institutions, within a short span of time. Too many inquiries, in a short span of time, will indicate desperation for credit and will affect your credit score.
- Check for Errors
Apply for a fresh credit report just before you want to apply for fresh credit. This way you will know which errors are present in your report, and you will have a chance to rectify it. Dispute the errors, and apply for a new report to see if the changes are updated by the bureau, or not.
Loan Singh is a digital lending platform that prides in providing an unsecured online loan to salaried individuals. You can apply for instant funds with instant approval. An easy emergency loan can be availed in the form of a personal loan, which is not a bank loan. You receive a low personal loan interest rate. This instant loan, which is basically a quick loan, can be paid via easy EMI and can be availed for a number of loan purposes such as:
- Home improvement loan/Home renovation loan
- House repair loan
- Marriage loan/ Wedding loan
- Medical loan
- Second-hand car loan
- Second-hand bike loan
- Second-hand vehicle loan
- Consumer durable loan
- Vacation loan
- Shopping loan
- iPhone loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Travel loan
- Festival loan
You can calculate your easy emi using our personal loan emi calculator. We accept bank statement, PAN, and Aadhaar for instant loan pre-approval. A bad credit score or credit report errors can lead to personal loan rejection. Personal loan defaulter consequences can also ruin your credit score. Improve your credit rating by avoiding emi repayment default. The ‘Loan Singh Blog’ is one of the best finance blogs in India.
Loan Singh’s Online Presence
Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. Some destinations you can find us on are:
- Loan Singh on Facebook
- Loan Singh on Twitter
- Loan Singh on Youtube
- Loan Singh Pinterest
- Loan Singh on Instagram
- Loan Singh Blogarama
- Loan Singh Google Review
- Loan Singh Medium Blog
- Loan Singh Reddit Blog
- Loan Singh Tumblr Blog
- Loan Singh Scoop It Blog
- Loan Singh Storify Blog
- Loan Singh Digg Blog
- Loan Singh Blogger
- Loan Singh Lymelight
- Loan Singh Justdial