Gadgets Magazine

LG And Bajaj Finserv Partner To Bring India’s 1st OEM Co-Branded Finance Card

Posted on the 12 October 2017 by Gadgetscanner @jdsoni7

Bajaj Finance Ltd., and LG Electronics India, India’s leading consumer and electronic company, have announced the launch of a co-branded card LG Bajaj Finserv EMI card. The co-branded card will enable customers to buy all LG products at no cost EMI option across all LG formats.

The Bajaj Finserv LG EMI card will allow customers to buy from the wide range of LG Home appliances and Electronics products across its 20,000+ outletsand around 700 LG exclusive Brand Shops and 3000 outlets for smartphones. Card has a pre-approved credit limit and a loyalty program exclusively offered to LG customers. This card can also be used to buy LG products across Bajaj Finance Ltd distribution network of 50,000+ outlets with no processing fee, no hidden costs, no down payment, and without any interest pay out.

Announcing the partnership Mr. Rajeev Jain, Managing Director, Bajaj Finance Ltd said, “We believe in the potential of technology and process innovation to disrupt the status quo and build large scale, sustainable businesses.The Bajaj Finserv LG co-branded card is a disruptive proposition that will facilitate stronger customer convenience and stimulate higher spends.”

Commenting on this occasion, Mr. Kim Ki Wan, Managing Director, LG Electronics India said, “As we enter this year’s festival season, LG is proud to announce the first of its kind strategic partnership with BFL to introduce our new co-branded store card. This offering will enable us to strengthen our relationship with our Indian consumers as now they will be able to buy the best of various products at easy payment options. We are ready to deliver on our core philosophy “Life’s Good” at the start of the celebrations.”

The no cost EMI option will be available to customers buying LG products on a minimum invoice amount of Rs. 7,000 and maximum of up to Rs. 2,00,000. The customer has an option to select the repayment tenure between 8 to 24months. Additionally, customers can choose to foreclose their loan anytime without any extra charges.

The same EMI option will also be available to the existing Bajaj Finserv EMI Card users. Company currently has 9.8million EMI card user with a 30% market share in the consumer finance business.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Designer Daddy’s Ultimate Road Trip Playlist

    Designer Daddy’s Ultimate Road Trip Playlist

    Road trips were a big part of my childhood. As a military family, that meant lots visits to grandparents and cousins each summer and Christmas. Most of these... Read more

    The 22 March 2018 by   Designerdaddy
  • Ancient Egypt - Stephen Mehler - Or Rather Ancient Khemit, Land of Osiris

    Ancient Egypt Stephen Mehler Rather Khemit, Land Osiris

    Ancient Egyptology has been annihiliated and re-purposed by decades of political manipulation.Ancient Egypt, though you didn't know this, was a Matriarchal... Read more

    The 22 March 2018 by   Freeplanet
  • Update: Toys R Us Liquidation (US Stores)/KayBee (KB) Toys Returning

    Update: Toys Liquidation Stores)/KayBee (KB) Returning

    Today, all 700+ Toys R Us stores in the United States were supposed to begin their liquidation sales. However, it looks like Friday, March 23rd, is the new... Read more

    The 22 March 2018 by   Ashley Brooke, Kewpie83
  • Kenton Slash Demon

    Kenton Slash Demon

    at Strøm festival 2017. A little secret, the reason I could make this perfect composition is because there is no audience in my way! Read more

    The 22 March 2018 by   Flemmingbo
  • Concert Review: Follow the Bouncing Bow

    Concert Review: Follow Bouncing

    Joshua Bell leads the Academy of St. Martin-in-the-Fields. by Paul J. Pelkonen Joshua Bell leads his troops. Photo by Erik Kabik © 2018 Erik Kabik. Read more

    The 22 March 2018 by   Superconductor
  • Beware: The Illusion of Therapy Vs. Actual Therapy

    This is a controversial topic because who’s to say what is therapeutic for someone? What brings relief to someone, what brings forward movement to someone’s... Read more

    The 22 March 2018 by   Nathan Feiles, Lmsw
  • The Importance of Exercise!

    Importance Exercise!

    by NinaPeggy Kelley, Age 67 "Exercise among middle-aged and older adults in the Western world is rare. By most estimates, only about 10 percent of people past... Read more

    The 22 March 2018 by   Ninazolotow