The ICICI bank of India is offering an interesting finance plan to its customers. Customers looking for an Xbox 360 Core system in India will be able to secure one from the bank for a rupee payment roughly equivalent of $20, followed by six monthly installments of about $73. While a finance plan for a 360 seems absurd by US standards, it is practically a necessity in India, where the average annual salary is below $500 (a core costs around $518 in India). As our source article puts it, for the average Indian citizen, an Xbox 360 purchase is nearly as taxing as westerners would find buying a house. The article also points out the irony that those most likely to afford an Xbox 360 in India will be those that work for U.S. companies with Indian operations -- companies like Microsoft. Typically, these U.S. firms pay much higher than the national average wage.Are you crazy enough about the 360 that you'd take out a loan to get one?
[Via Digg]
1. This is the same as they do in Panama. Most stores have financing plans for consoles.
Posted at 5:12PM on Dec 8th 2006 by The1