In another case of T-Mobile looking out for the customer, they've just announced their Equipment Installment Plan which allows you to pay off your T-Mobile handheld and/or accessories in four installments.

Given our current economic state, this could potentially do wonders for those not prepared to spend $200+ for a smartphone in one lump sum. With their EIC, T-Mobile won't be charging any interest and there'll be no additional fees. This is almost too good to be true. To quote T-Mobile [via TmoNews]:

Payments are interest free and your total spending capability is determined by certain credit guidelines. There are no additional fees, start up or interest fees associated with this service.


Who's in for a T-Mobile G1 at $50 for 4 months?