Samsung Finance + 2.0.04

Samsung Finance+ is a lending platform that offers a convenient way to own your desired Samsung devices through easy EMIs. Whether you choose to shop online at Samsung.com or in one of their 20,000+ offline stores, Samsung Finance+ allows you to pay for your purchases in affordable EMIs.

Why Choose Samsung Finance+

• Simple and paperless financing service with instant approval
• Instant credit for purchasing your favorite device
• No requirement for a CIBIL score
• Option to avail 0% interest EMIs with flexible tenures†

How to Avail Samsung Finance+

1. Visit Samsung.com or an offline store
2. Select your desired Samsung device
3. Apply for a loan using your PAN/Aadhaar
4. Get instant loan approval

Using the Samsung Finance+ Application

After signing up for Samsung Finance+ at a store or on Samsung.com, you can start managing your loan through their user-friendly application. Here are some key features:

• View and manage active and past loans
• Receive timely alerts for EMI payments
• Make repayments for your active loans and improve your credit score
• Find offline locations where you can make EMI payments
• Eligible customers can apply for pre-approved personal loans
• Contact the customer success team for assistance

Frequently Asked Questions (FAQs)

1. What Samsung devices can be purchased through Samsung Finance+?
   Mobiles, accessories, tablets, and consumer electronics
2. What is the process to activate a device purchased through Samsung Finance+?
   To activate a device purchased via Samsung Finance+, follow these steps:
   
   1. Turn on the device, and the Samsung Finance+ application will be automatically downloaded
   2. The application will send an SMS to the pre-defined Finance+ number using the SIM card inserted during the loan process. Ensure that the SIM card belongs to the same number you provided during the loan journey as this step is mandatory for linking your mobile number to your loan account
3. Which mobile number can I use to activate the device?
   You must activate your device using the same mobile number you provided during the loan journey
4. How can I repay the EMI?
   The EMI amount will be automatically debited from your account on the payment day, subject to successful mandate registration and availability of funds. You can also make payments using Net-banking, UPI, debit card, or selected pre-paid wallets within the application. Additionally, you have the option to pay your EMI at approved offline locations. Please note that sending an SMS to a pre-defined number within the application is required to locate the nearest payment facility, and standard SMS charges may apply for each request.
5. What happens if I default on an EMI repayment?
   In case of non-payment or delays in EMI payments for a device loan, certain functionalities of the device will be restricted until the EMI is paid. These restrictions will only be removed upon successful payment of the EMI. Additionally, penal/bounce charges may be applicable for delayed EMI payments.
6. How can I apply for a personal loan?
   To become eligible for a personal loan, having a good repayment history is crucial. Eligible customers will receive personal loan offers from Samsung Finance+ partner banks or NBFCs. Please refer to the current list of partner NBFCs/Banks listed below:
   
   1. DMI Finance Private Limited (DMI Finance)
   2. Protium Finance Limited

Highlights**:

• Loan Amount: Minimum ₹10,000 to Maximum ₹2 Lakhs
• Repayment Tenure: Minimum 12 Months to Maximum 24 Months
• Rate of Interest / Annual Percentage Rate (APR): Minimum 18% to Maximum 40%
• Processing Fees: 3% to 10% of loan amount

Example:

• Loan Amount: ₹80,000
• Tenure: 24 months
• Interest Rate: 20% (calculated on reducing principal balance)
• EMI: ₹4,072
• Total Interest Payable: ₹4,072 x 24 months - ₹80,000 Principal = ₹17,720
• Processing Fees: (2% of loan amount + GST) - ₹1,888
• Disbursed Amount: ₹80,000 - ₹1,888 = ₹78,112
• Total Amount Payable: ₹4,072 x 24 months = ₹97,720

†0% interest is available for most devices. However, some devices may have minimal monthly interest rates.

**Rates and terms are determined by partner NBFCs or Banks.