ControlZ has partnered with Bajaj Finserv to introduce long-term EMI options on its renewed smartphones in India. The new offering allows buyers to pay for devices over a period of up to 24 months.
The company is now extending financing options beyond the usual short-term EMIs that are common in the refurbished smartphone market. The plan is available across ControlZ’s flagship store and its authorised retail network.
Under the new financing setup, customers can buy renewed smartphones, including premium models like iPhones, with monthly payments starting at Rs 999. The company has not yet confirmed whether the EMI plans will be no-cost or if any interest rates and processing fees will apply. At the time of writing, this option was also not clearly visible on the website.
Also read: Things to consider while buying used mobile phone
Longer EMI durations can reduce the monthly burden, but they may also increase the total amount paid if interest or fees are applied. The company has not yet confirmed the interest rate.
With this partnership, ControlZ wants to solve one of the biggest challenges in the refurbished phone segment, which is the upfront cost. Even though renewed devices are cheaper than new ones, premium models can still be expensive for many buyers.
By offering 24-month EMIs, the companies are trying to make high-end smartphones more accessible to a wider audience. This approach is already common in the new smartphone market, but it has been limited in the renewed category until now.
The renewed smartphone segment in India has been growing steadily, driven by rising prices of new devices and increasing demand for value options. Financing could further accelerate this trend by bringing more users into the category.
ControlZ handles device sourcing and refurbishment through its facility in Gurugram, where phones go through multiple quality checks before resale. The company also offers extended warranty on its devices, which helps build trust among buyers.
For consumers, this move offers more flexibility. Instead of paying a large amount upfront, users can spread the cost over two years.
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