Dell starts financing prog for small biz, big buyers in India

Dell, the world's third-largest personal computer maker, today said it has launched a programme to provide financing option to small and medium businesses, large commercial customers and public sector in India for its products.

Dell has entered into an agreement with financial services provider Macquarie to provide easy financing options for its products.

"Dell Financial Services India is the first financing programme for Dell in India to address the comprehensive financing needs of our enterprise, public sector and small and medium business customers by providing a dedicated sales team to structure the most effective financing arrangements available in the marketplace," Dell said in a statement.

The financing options would include low interest rate and promotional financing on key Dell products and other range of solutions that Dell offers.

However, the interest rate and finance limit under this program has not been fixed by the company.

"Macquarie's expertise in this area, combined with Dell's existing products and programmes, will provide customers with robust technology solutions and structured financing capability," Dell India general manager Consumer and Small-Medium Business Mahesh Bhalla said in statement.

"The proposal of financing products will be evaluated by Dell and Macquaire. It will depend from company to company, relationship of customer with Dell," a Dell spokesperson said.

Customers will get a lease for 12-60 months to benefit from fixed regular payments, the statement said.

"The Dell relationship is strategic for Macquarie and consistent with our focus of providing solutions to premier global vendors in growing and emerging markets," Macquarie Equipment Finance, global head of vendor programmes, Nicholas Holmes commented on his company's agreement with Dell.