Ernakulam District Co-operative Bank with HCL Providing Interest Free Computer Loans

HCL Infosystems, India’s premier hardware, services and ICT systems integration and Distribution Company announced a business partnership with Ernakulam District Co-operative Bank for providing HCL ME Laptops, with 0% interest.

The scheme is being offered to the account holders by Ernakulam District Co-operative Bank for enabling consumer finance for purchase of computing devices. The scheme is being offered at 0% interest with 100% financing and no processing charge levied. The tenure of the loan process is 24 months.

Government employees can avail the facility without guarantee and employees from any private sector organization and other account holders need to give one guarantor to the Bank. This scheme will be available across all the branches of the Ernakulam District Co-operative Bank.

The loan will be processed within 24 hours. With a proven track record of its commitment to increase PC penetration in India, HCL was the first ICT Company in India to introduce an EMI scheme as low as Rs 499 on its ‘HCL Ezeebee’ brand of PCs in the year 2004. It was this initiative that trigged mainstream adoption of PCs by consumers making it extremely easy to fit a personal computer into the monthly family budget. [via]

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