Compaq Computers, Amex tie-up

BANGALORE: Compaq Computers has announced a tie-up with American Express

(Amex) which would allow consumers to buy its Presario range of home PCs for Re

1 in addition to the 2 per cent (of the computer price) as service fee.

Amex will provide 100 per cent financial support to consumers with its loans

facility. Under the scheme, for an entry level Presario priced at Rs 30,000, the

consumer would have to pay Rs 600 (2 per cent service fee) plus Re 1 for taking

the delivery. Thereafter, the consumer can choose a monthly installment plan

charging 12.4 per cent for loan taken for one year, 12.8 per cent for two years

and 13.5 per cent for three years. This new scheme is available for all Compaq

Presario PCs, from entry level Celeron to the powerful Pentium III, in retail

outlets in Delhi, Mumbai, Calcutta, Chennai and Bangalore.