With the loose change you find lying around your house, you might be able to buy a brand new smartphone in India.
On Feb. 17, Indian phone company Ringing Bells announced that their Freedom 251 phone, billed as the world’s cheapest smartphone, would be priced at just under 500 rupees ($7.30). Indian media, however, report the phone will cost only 251 rupees ($3.67), according to the BBC.
The company’s website says the Freedom 251 will feature a 4-inch screen, 1.3 GHz quadcore processor, 1GB of RAM, 8GB of storage (expandable up to 32GB), 3.2-megapixel rear camera, 0.3-megapixel front camera and a 1,450mAH battery.
The phone runs on Google’s Android Lollipop and has a number of pre-installed apps that includes Facebook, YouTube and WhatsApp, among others.
Ringing Bells, which is less than a year old, is based in the northern Indian city of Noida.
India has one billion mobile phone subscribers and is expected to overtake the United States as the world’s second largest market for smartphones within the next couple of years.
The phone can be ordered in India starting on Feb. 18, according to its website.