Although none of the mobile service providers in India are carrying the iPhone just yet, people of the second most populated country can now get their hands on Apple’s hugely successful cell phone. This isn’t even some strange gray market scheme either, because the iPhone is being sold to Indian citizens through their credit card companies. Well, indirectly anyways.

Compact International is the name of the importing company and they are offering Citibank and Diners Club card members in India an opportunity to buy an unlocked iPhone that “works on all Indian networks.” There is a premium to be paid over the locked iPhone being sold at AT&T stores however. The net price for an 8GB model is Rs 34,990, which works out to about $882. This cost comes in six monthly installments of Rs 5,835 ($147).

Starting to sound a bit like an infomercial, isn’t it? Don’t expect Compact International to help you with any warranty, delivery or service-related issues, but at least the technical support guys are next door.