Indian bank reveals details regarding Xbox 360 loans

In a country where the average income is only about US$ 500 or less, the chances of the an ordinary citizen to be able to purchase a high-ticket item such as a gaming console is very slim. Many find this to be an ironic situation, considering the fact that India has become a key source of labor for American and multinational tech companies.

So, as a way to give the masses a chance to enjoy technology which most Westerners have already been acquainted with, one of India’s major banks, ICICI Bank, has recently launched the details of a financing program for those who wish to obtain an Xbox 360.

How it goes is that ICICI will secure an Xbox 360 core system for the client for a Rupee deposit of the equivalent of about US$ 20. Then, the client will have to pay six monthly installments costing around US$ 73, which would bring the price of the system to around US$ 460. This still isn’t a bad deal, considering that a Core system normally sells for US$ 518 in India.

This is the first step in trying to reach out to the masses, though analysts are not overly optimistic about the plan. Neither do they expect the deal to be quickly snapped up, especially since purchasing an item such as an Xbox 360 in India would pretty much require the same amount of financial planning and caution from the ordinary citizen.

In a country where the average income is only about US$ 500 or less, the chances of the an ordinary citizen to be able to purchase a high-ticket item such as a gaming console is very slim. Many find this to be an ironic situation, considering the fact that India has become a key source of labor for American and multinational tech companies.

So, as a way to give the masses a chance to enjoy technology which most Westerners have already been acquainted with, one of India’s major banks, ICICI Bank, has recently launched the details of a financing program for those who wish to obtain an Xbox 360.

How it goes is that ICICI will secure an Xbox 360 core system for the client for a Rupee deposit of the equivalent of about US$ 20. Then, the client will have to pay six monthly installments costing around US$ 73, which would bring the price of the system to around US$ 460. This still isn’t a bad deal, considering that a Core system normally sells for US$ 518 in India.

This is the first step in trying to reach out to the masses, though analysts are not overly optimistic about the plan. Neither do they expect the deal to be quickly snapped up, especially since purchasing an item such as an Xbox 360 in India would pretty much require the same amount of financial planning and caution from the ordinary citizen.