FAQ related to Application Process
1. What is Samsung Finance+?
A simple, paper-less financing service portal (“Platform”) where an eligible customer
gets financing plan through a Financing Partner, exclusively available when you are
trying to purchase Samsung smartphones (“Devices”) on Samsung online shop
(Samsung.com or Shop Samsung App).
2. How is Samsung Finance+ different as compared to other EMI options?
Samsung Finance+ enables you to apply for a loan in a few minutes even prior to
purchase of Device. The loan offers are customized basis the customer profile & credit
history. The loan offers are pre-approved (credit limit basis your eligibility) and are valid
for 30 days. Customer can opt for financing any time before expiry of the loan validity
period at the click of a button.
3. What are the eligibility criteria for availing a loan through Samsung Finance+?
You must be 22 years or more at the time of applying for a loan. Additionally, the
customer must comply with the relevant KYC (Know Your Customer) norms enforced by
the Reserve Bank of India. The Financing Partner reserves the right to approve or reject
your loan application. You must hold a valid PAN card to apply for a loan on Samsung
Finance+.
4. What all details/documents are needed for Samsung Finance+?
You need relevant KYC documents & need to provide the information requested during
the loan application to avail the loan. You must enter the following information during
the loan application journey:
- Contact details including mobile number, email ID, address, etc. and share his
PAN Card number.
- Relevant KYC documents (Aadhaar Card, PAN Card, and Driving License).
- You must click a selfie for validation.
- Requisite employment details.
- Account details for direct debit registration.
5. How can I apply for a loan on Samsung Finance+?
Simply select the ‘Pay using Samsung Finance+’ option on Samsung.com, share your
details and documents with Samsung Finance+ and if eligible, get instant loan approval.
Loan approval is subject to approval from Financing Partner.
6. Do I get an approved credit limit on Samsung Finance+ and can it be used for
purchase of multiple Devices?
The loan limit is pre-approved only for purchase of one Device. On availing so, the pre-
approved loan offer is exhausted. In case, you wish to avail loan offer for another Device,