Airtel offering new Apple iPhone 7 at down payment of Rs. 19,990

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Looking to cash in on the craze for the latest Apple smartphones in the country, Airtel is offering the new Apple iPhone 7 and iPhone 7 Plus smartphones to customers on contract basis at a minimum down payment of Rs. 19,990 and Rs. 30,792, respectively. Under this offer, the telecom operator will provide unlimited local and STD calls, free roaming, and free data (5GB, 10GB or 15GB, as per the plan you choose) under a new postpaid plan.

The offer, however, is available only to customers in Noida and Karnataka, according to the Airtel website. An Airtel representative whom Gadgets 360 spoke to said that this plan is under “testing” in these regions. As part of this plan, new and existing Airtel customers can opt for the ‘iPhone for Life’ plan by making a down payment to get their iPhone 7 or iPhone 7 Plus. The remaining amount will be paid for by Bajaj Finance Limited. Customers can choose between either of three postpaid plans mentioned below, and can switch the plans when they wish to. They must remain subscribed to the ‘iPhone for Life’ plan for one year.

During the one year period, customers will not be able to port to another network, switch to non-‘iPhone for Life’ plans (either postpaid or prepaid), terminate the services, or transfer ownership of neither the plan nor the iPhone to someone else. However, customers have the option to foreclose the loan from Bajaj Finance by paying the charges that the company levies.

After the completion of one year, the iPhone 7 users will have two options: either to upgrade to the next version of the iPhone or to buy the handset they are using by making a balloon payment. Following are the down payment options as well as the corresponding balloon payments under this plan. Additionally, if a customer does not visit an Airtel store to return the iPhone 7 or upgrade it, Bajaj Finance will automatically debit the balloon payment amount from their bank account at the end of the thirteenth month. The users can then keep the handset with themselves.
However, Airtel has not mentioned the charges, if any, will be levied to ‘iPhone for Life’ subscribers who want to upgrade to next year’s iPhone. Moreover, Airtel has the option to refuse the upgrade to users who have damaged the iPhone 7 or iPhone 7 Plus units given to them under this plan. Users can be refused an upgrade if the iPhone unit given to them is returned with damaged or missing part, heavy wear and tear, or non-standard components.
In order to upgrade or return the iPhone 7 or 7 Plus, customers have to visit an Airtel store within 30 days of the completion of their year-long rental period. They can then also decide to go for another postpaid plan; if they do not state which postpaid plan they wish to subscribe to, Airtel will continue with their existing plan, but at a lower rate. According to Airtel’s website, the Rs. 1,999 plan would then cost Rs. 1,199, the Rs 2,499 plan would go down to Rs 1,599, and the charges for the Rs 2,999 plan will become Rs 1,999 per month.

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