JioPhone Next at Rs 1,999: Here’s the fine print of Reliance Jio’s financing scheme

Reliance Jio has revealed the EMI options for its much-vaunted JioPhone Next smartphone, scheduled to release on Diwali. The company had touted the device as an affordable entry-level option and announced a ticket price of Rs 6,499 at launch.

The smartphone is available for an upfront fee of Rs 1,999 with multiple EMI options to choose from. However, while the prolonged financing with data and call benefits might reduce the overall cost of ownership for light users, heavy data users looking for a cheaper alternative to the smartphones already available in the market would inevitably end up paying more.