The Bank of Punjab (BOP) has introduced a new instalment plan for the Nothing Phone (4A) series.
This new instalment plan will allow customers to buy the phones with zero per cent markup and no processing fee through its credit card facility.
Instalment details
Under this new offer, customers can now buy their selected Nothing smartphones on easy monthly instalments for up to 36 months.
Monthly payments will start from around Rs5,000. This depends on the model and the length of the plan.
The scheme includes different variants of the Nothing Phone (4A) series. These include standard and Pro models.
The prices for these range from about Rs179,999 to Rs244,999. In addition to this, the customers can choose different repayment periods, such as 12, 24, 26, and up to 36 or 48 months. This gives the buyer flexibility.
For example, the basic model is priced at Rs179,999, another variant is around Rs214,900, while the Pro model costs about Rs244,999.
| Nothing phone 4A series model | Price (approximately) | Starting monthly instalment | Instalment tenure options |
|---|---|---|---|
| Standard model | Rs179,999 | ~ Rs5,000+ | 12, 24, 26, 36, 48 months |
| Mid variant | Rs214,900 | Varies (higher than base) | 12, 24, 26, 36, 48 months |
| Pro model | Rs244,999 | Higher monthly payment | 12, 24, 26, 36, 48 months |
Monthly instalment amounts change based on the selected plan, with longer plans offering lower monthly payments.
BOP further says that this offer is meant to help people buy premium smartphones more easily and encourage cashless payments. The campaign is being promoted under the theme “Har Fard Ka Khayal.”
How to apply
This offer is only available for BOP credit card holders. Customers can apply through the bank’s approved channels. This also depends on their credit card eligibility and approval.
High taxes push smartphone prices out of reach
The National Assembly Standing Committee on Finance previously said that taxes on imported mobile phones in Pakistan have surged to as high as 54 per cent. This increases the cost of devices for consumers.
The meeting was chaired by Syed Naveed Qamar. It included a detailed briefing by officials from the Tax Policy Office on the current taxation structure for mobile phones.
Officials revealed that, in addition to the high tax rate, a withholding tax of Rs11,500 is also being charged on expensive smartphones.
