Cisco is making available USD 2.5 billion in financing to help customers continue to upgrade their networks despite the economic challenges of the coronavirus crisis. The financing is available through Cisco Capital and offers a 90-day holiday on payments and the option to defer up to 95 percent of the cost of a new product to 2021.
Starting in January 2021, customers would then make a monthly payment based on the total financed amount and the remaining term of the financing. All Cisco products are eligible for this program, including refurbished items under the Cisco Refresh programme, as well as up to 5 percent of partner-provided services, such as installation.
The company said the programme is designed to help businesses and partners conserve cash flow and keep their businesses running during the pandemic and its aftermath.
