HCL Info partners with Central Bank of India

NEW DELHI, INDIA: Leading ICT player HCL Infosystems today announced signing of a strategic business partnership with Central Bank Of India for enabling consumer finance for purchase of computing devices and accessories under the ‘cent computer loan’ scheme.

The scheme is being offered to all individuals including students, professionals and permanent salaried persons at an interest charge of 12 per cent per annum with no processing charge levied, said a press release. The tenure of the loan process is of 36 months with 75 per cent financing being offered by the bank which is subject to maximum of Rs 1,00,000.

The warranty period on the product is 12 months from the date of installation or 13 months from the date of invoice, whichever is earlier, said the release. This scheme will be available initially across 91 Central Bank of India branches across the country.

Commenting on the tie up George Paul, executive vice president, HCL Infosystems said computers have become one of the most essential requirements for everybody.

“India, being a growing economy needs to propel the growth of affordable computing devices in order to increase IT penetration in the country. We are confident that our-tie up with Central Bank of India will give immediate benefits to the potential buyers,” he added.

He said the idea is to reach out to customers across India, who needs computing devices but face problems with the unavailability of financial assistance.

A Central Bank of India spokesperson said the strategic partnership with HCL Infosystems will bring computing devices to masses.

“The schemes which we have introduced collectively is an endeavor to assist the potential customers in acquiring computing equipments for their own professional and personal use at a very affordable price. We believe that this scheme will foster widespread adoption of computers in the country,” he said.