Most handsets are sold unsubsidized in India, which makes it rather hard to sell a high-end handset there.
The response over the last year has been Easy Monthly Instalment (EMI) plans by multiple vendors, including Apple, which makes more expensive handsets more affordable by spreading payments over multiple months.
After success with offering the Nokia Lumia 520 and 620 using this scheme, Nokia is now extending it to their older but better specified handsets, the Nokia Lumia 720 and 920.
With payment over 6 months, the Nokia Lumia 720 can be had for only INR 3203 ($49) per month, while the Nokia Lumia 920 will cost INR 5,649 ($86) per month.
Payment is only accepted via a credit card and acceptable ones includes Axis bank, Citibank, HDFC Bank, HSBC Bank, SBI, Standard Chartered and New Indian Assurance.
Read more of the terms and conditions at Nokia’s site here.
Does this scheme make Nokia’s higher end handsets more accessible to our Indian readers, or are prices still too high? Let us know below.