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AEON – U MicroCredit iPhone financing, RM148.80/month for an iPhone 6s 16GB

U Mobile Sdn Bhd announced today its exclusive partnership with AEON Credit Service (M) Berhad (AEON Credit) to provide financing for iPhone purchase by its customers.

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The financing scheme, called “U MicroCredit financing scheme”, will enable interested customers to purchase iPhone through a flexible easy payment plan from AEON Credit for up to 36 months. Under the financing scheme, customers may opt for full financing for the iPhone with interest rates as low as 1.1% per month.

With this new partnership with AEON, U Mobile customers can now pay as low as RM148.80 for an iPhone 6s 16GB and RM165.80 for an iPhone 6s Plus 16GB, without upfront payment, for 36 months’ financing on the i40 plan.

“U Mobile is the first telco in Asia to offer device purchase financing. Since its introduction in March 2015 the scheme has been quite popular with our customers as it makes it easier for applicants to own an iPhone. Previously, U Mobile customers could only finance up to the value of RM3,500 for their new iPhone and interest rates up to 1.5% per month. We consciously went with AEON Credit as our partner for their established reputation in providing consumer durable financing services in Malaysia and proven track record across Asia. Apart from that, they also offer very favourable financing terms to our customers. For a company that is always seeking to bring the best value plan as well as customer experience, AEON Credit is a natural partner,” said Wong Heang Tuck, Chief Executive Officer of U Mobile.

“The U MicroCredit iPhone financing scheme is in line with AEON Credit’s philosophy to support customers’ lifestyle and enable each individual to maximise opportunities through effective use of credit. Our partnership with U Mobile will now make it easier for customers to purchase an iPhone, which is synonymous with quality and innovation in smartphones. Besides offering flexible repayment periods up to 36 months, the U MicroCredit scheme does not require any up-front payment or deposit and fast approval can be granted to eligible customer segments, subject to terms and conditions. Interested customers can apply for the scheme online from the comfort of their home or at selected U Mobile Stores and U Mobile Premium Dealers,” said Kenji Fujita, Managing Director of AEON Credit.

For more information on U MicroCredit, visit this link.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy