BWI: HCL Infosystems Partners with Ernakulam District Co-operative Bank to provide Interest Free Computer Loans

Press release from Business Wire India
Source: HCL Infosystems Ltd
Monday, December 27, 2010 03:50 PM IST (10:20 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology, Media & entertainment; Technology
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HCL Infosystems Partners with Ernakulam District Co-operative Bank to provide Interest Free Computer Loans
PC Loans made easy; 0% Interest to the Members and Account Holders

New Delhi, Delhi, India, Monday, December 27, 2010 -- (Business Wire India) -- HCL Infosystems, India's premier hardware, services and ICT systems integration and Distribution Company today 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.

Speaking on the partnership Mr. J V Ramamurthy, President and COO, HCL Infosystems said, "It has always been our endeavour to see a PC in every household even in the remotest parts of the country. In our commitment to sustain and support the cause of widespread PC adoption, we have today entered into a strategic tie-up with Ernakulam District Co-operative Bank and we are confident that our association will give immediate benefits to the potential buyers. The idea is to reach out to customers across India, who needs computing devices but face problems with the unavailability of financial assistance."

"The strategic partnership with HCL Infosystems, pioneer in Indian IT Industry, will bring a revolution in the adoption of computing devices by masses. The scheme which we have introduced collectively is an endeavour to assist the potential customers in acquiring computing equipments for their own professional and/or personal use at a very affordable price. We are confident that this scheme will foster our vision of widespread PC adoption in the country," said Mr. Saseendran V P, President, 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.

About HCL Infosystems

HCL Infosystems Ltd, with revenue (LTM) of US $ 2.6 billion (Rs. 12,159 crores) is India's premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization. India's leading System Integration and Infrastructure Management Services Organization, HCL has specialized expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India's largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, and many more.

HCL today has India's largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India's largest ICT services network that reaches to every corner of India, HCL's award winning Support Services makes it the preferred choice of enterprise and consumers alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called 'Safe State' that safe guard's life, infrastructure & society. For more information please visit us at www.hclinfosystems.com


CONTACT DETAILS
Ashutosh Bhattacharya, Head - Corporate Communications, HCL Infosystems, HCL Infosystems Ltd, +91 98119 20415, ashutosh.bhattacharya@hcl.in
Richa Chauhan, Hanmer, +91 9999492599, richachauhan@hanmermsl.com
Rashi Mehrotra, Hanmer, +91 9958594111, rashi.mehrotra@hanmermsl.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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