How To Buy Phone On Easybuy In Nigeria (2024)
Have you ever thought of buying a phone on Easybuy in Nigeria today to pay monthly but you do not know how to go about it? Not to worry as we will guide you on the processes involved in purchasing a new phone and making monthly payments with Easybuy in Nigeria this 2024. Many people in different parts of the country may have heard about Easybuy but do not know what it is all about; well, Easybuy is a division of Palm Credit, a Fintech company in Nigeria that offers premium financial credits to eligible individuals. Through the Easybuy Service, you can borrow money to buy a mobile phone and repay it over time.
The price of smartphones in Nigeria today is on the high side. Although certain low-end phones can be fairly affordable, the majority of high-end phones are really very expensive. Using the Easybuy finance option, you can purchase a high-end phone in Nigeria for just 30% of the price. You have a choice of three or six months to repay the remaining seventy percent of the loan.
This is a wise move by Easybuy given the rising costs of smartphones in the country today. With the rate at which exorbitant prices are charged by majority of the top mobile phone manufacturers, Easybuy can assist if you desire one of the newest smartphones but cannot afford it in a single payment.
I will explain the various steps involved in applying for Easybuy loans in today’s Nigeria so that you can easily purchase a smartphone, as well as, among other things, repay your Easybuy loan. Please read along and follow the steps carefully as Easybuy has made it really simple for the average Nigerian to afford the smartphone of their choice. You too can own one, all I ask is your careful application to the step by step processes involved.
CRITERIA FOR EASYBUY LOANS IN NIGERIA TODAY
To qualify for an Easybuy mobile financing loan in Nigeria today, you must meet the following criteria below:
- You must be employed or have a reliable monthly source of income.
- You must present a valid form of identification. This can be any one of your international passport, driver’s license, voter’s card, or national identification card from the NIMC.
- Your Bank Verification Number (BVN) is also required.
- Your ATM card will be needed to make payments.
Meeting these requirements means that you can proceed to submit an application for the loan with Easybuy.
HOW TO APPLY FOR AN EASYBUY SMARTPHONE LOAN FOR IN NIGERIA 2024
The processes for requesting an Easybuy loan for a smartphone in Nigeria this 2024 are as follows:
FIRST, LOOK FOR AN EASYBUY AGENT
This process begins with contacting an Easybuy agent. Easybuy has a lot of partners and affiliates among the many phone companies that operate within the shores of Nigeria. Easybuy salespeople can be found in many phone stores. They all wear the official Easybuy uniform, which comprises of blue branded T-shirts, so you can recognize them right away.
PROVIDE THE NECESSARY INFORMATION
An Easybuy representative will go over the requirements with you to ensure that you are eligible for the loan. The agent will also ask you questions and get some information from you; they will also record your responses.
SELECT THE SMARTPHONE THAT YOU WANT TO BUY
Each employee of a mobile phone retailer participating in the Easybuy program works closely with the Easybuy representative. After selecting the chosen smartphone and agreeing on the price, you will then be transferred to the Easybuy representative.
SIGN UP TO RECEIVE AN EASYBUY LOAN
The next step is to sign up on the Easybuy website. During these processes, the agent will handle the loan application using the information that was previously acquired about you. During the application procedure, you will also have your picture taken. You could be asked to talk with another employee of the Easybuy corporate office over the phone.
MAKE A 30% DOWN PAYMENT IN ADVANCE
Here, you must contribute at least 30% of the phone’s price. For instance, if the phone costs say ₦50,000, you would need to make a minimum initial deposit of ₦15,000 and then decide on a realistic payback schedule. When you request an Easybuy loan, you can choose pay back the loan within three months or pay it back within a six-month period. Based on the length of the pay back period, the interest rate changes. Confirm carefully before making a decision.
FINAL VALIDATION
This completes the process of obtaining an Easybuy mobile phone loan in Nigeria. Names and phone numbers of four of your closest friends and family members will be required. They can be members of your family, close friends, blood relatives, employer, or coworkers, and they must attest to your responsibility.
HOW MUCH CREDIT DOES EASYBUY OFFER?
If you meet the requirements, you are allowed to acquire a loan between ₦10,000 and ₦50,000. The most that Easybuy will lend is this amount. The payback term you select in your application will affect the interest rate on an Easybuy loan. The three-month (90-day) repayment period has a monthly interest rate of 9 percent, while the six-month (180-day) repayment term has a monthly interest rate of 6 percent.
HOW TO REPAY EASYBUY LOANS IN NIGERIA
You have a few options for repaying your EasyBuy loan:
- Via means of the Easybuy app
- Transfer via mobile apps
- visiting a bank branch and paying with cash
- By use of RAVE by Flutterwave.
HOW TO REPAY LOANS THROUGH THE EASYBUY APP IN NIGERIA
To repay your loan using the official EasyBuy mobile app, follow these steps:
- Sign in to the EasyBuy program.
- Select “Pay now” under “loan history” to proceed.
- Enter your card details by clicking on “Repay with Bank Card”.
Users are typically recommended to take a screenshot of their repayment methods while paying with the official app. In instances of overpayment, unreflected payments, and other errors, this might be useful.
Please get in touch with Easybuy via their email address or customer support phone number if you need help or run into a technical issue when repaying your loan. For use with Easybuy’s lending services and to keep track of your payback period, download the official Easybuy app from the Google Play Store.
ADDRESS OF EASYBUY OFFICE IN NIGERIA
Ideally, Easybuy operates out of a number of mobile phone stores all around Nigeria. This means that if you need to speak with an agent, you can just walk into any phone store that is connected to Easybuy. For effective customer care services, go to the Easybuy corporate office in Lagos, Nigeria. It is located at 9, Ogunnusi Road, Ogba, Ikeja, Lagos State, Nigeria. If you have any inquiries or complaints, you can always contact Easybuy customer support by phone or email via.
- Telephone: 018888188 (9am – 5:30pm, Monday – Friday)
- Email Address: support@easybuy.loans
