This post will describe how to buy a new phone and make monthly payments with EasyBuy in Nigeria this 2023. Easybuy is a mobile financial business that provides lending services, and it is a division of Palm credit, one of the best loan apps in Nigeria today. You can purchase a mobile phone with a loan through the Easybuy Service and repay over time.
Everyone is aware of how expensive smartphones are right now in Nigeria. Even though certain low-end phones can be quite inexpensive, most high-end phones are often more expensive. You can buy a high-end phone in Nigeria using the Easybuy financing programme for just 30 percent of the cost. The remaining 70 percent of the loan can be paid back over three or six months.
Given the current all-time high in smartphone costs, this is a well-considered and timely move by EasyBuy. Mobile phone manufacturers like Apple, Samsung, Xiaomi, Oppo, and Tecno, to name just a few, charge exorbitant prices for their products. If you want one of the newest smartphones but cannot afford it in one payment, EasyBuy can help.
EasyBuy makes it easy for the average Nigerian to afford the smartphone of their choice, and as we go along, Nigerian Guide will explain the various procedures involved in applying for EasyBuy loans in the country today in order to buy a smartphone, as well as, among other things, how to repay an EasyBuy loan.
EASYBUY LOAN SPECIFICATIONS IN NIGERIA
You must fulfill the requirements listed below in order to be eligible for an EasyBuy mobile financing loan in Nigeria today:
- You must be working or have a consistent monthly revenue source.
- A legitimate form of identification is required. You may present your driver’s license, passport, voter’s card, or NIMC national identification card.
- You will also need your Bank Verification Number (BVN).
- Your ATM/debit card for payment is required
Once you have satisfied these prerequisites, you should go ahead and apply for the loan with Easybuy.
HOW TO APPLY FOR EASYBUY LOAN FOR A SMARTPHONE IN NIGERIA 2023
Below are the processes involved in applying for an EasyBuy loan for a smartphone in Nigeria this 2023:
FIND AN EASYBUY AGENT FIRST
Choosing an Easybuy agent is the initial step in this process. Many Nigerian phone companies are partners and affiliates of EasyBuy. As a result, Easybuy representatives are present in numerous phone shops. You can immediately recognize them because they all wear the official Easybuy uniform, which consists of blue branded T-shirts.
GIVE THE PERTINENT INFORMATION
To make sure you qualify for the loan, an Easy Buy advisor will go over the conditions with you. The agent will also ask you a few questions and gather some information, and they will record your answers.
CHOOSE THE SMARTPHONE YOU WANT TO PURCHASE
The agent collaborates closely with the workers in every mobile phone retailer associated with the EasyBuy programme. You will then be redirected to the EasyBuy agent after choosing the desired mobile phone and accepting the pricing.
REGISTER FOR AN EASYBUY LOAN
The following action is to register on the EasyBuy website. Your information which was earlier gathered will be used for the loan application during these steps, which will be handled by the agent. Additionally, a photo of you will be taken during the application process. Another representative from the EasyBuy corporate office can possibly be requested to speak with you via phone call.
MAKE A 30 PERCENT DOWN PAYMENT BEFOREHAND
You must pay at least 30 percent of the phone’s cost here. For instance, if the mobile phone costs ₦50,000, you must put down a minimum of ₦15,000 as the initial deposit, and then choose a reasonable repayment period.
When requesting an EasyBuy loan, you may choose to:
- Payback within three months
- Payback within six months
The interest rate varies depending on the repayment period. Before choosing a choice, be careful to confirm.
This is the final stage in the process of getting an EasyBuy mobile phone loan in Nigeria. Four of your closest friends and family members’ names and phone numbers will be requested. They may be your family members, friends, relatives, employer or co-worker, and they are to vouch that you are a responsible person. They will also be contacted in case you fail to repay your loan as at when due. You should do well to let your family and friends know before you apply for the loan and ask them to recommend you.
HOW MUCH CREDIT IS OFFERED BY EASYBUY?
You are permitted to obtain a loan between ₦10,000 and ₦50,000 as long as you comply with the requirements. This is the maximum loan amount that EasyBuy will provide. The interest rate on an EasyBuy loan varies depending on the repayment term you choose in your application. The monthly interest rate for the three-month (90-day) repayment term is 9 percent while the monthly interest rate for the 6-month (180-day) repayment term is 6 percent.
HOW TO REPAY EASYBUY LOANS IN NIGERIA
You can pay back your EasyBuy loan in the following ways:
- Using the EasyBuy app
- Using mobile app transfer
- Visiting a bank branch and making a cash payment
- Through RAVE by Flutterwave
REPAYING LOANS THROUGH THE EASYBUY APP IN NIGERIA
Follow the steps below to repay your loan using the official EasyBuy mobile app:
- Log in to the EasyBuy application
- Go to “loan history” and select “Pay now”
- Tap “Repay with Bank Card” and enter your card information.
- When paying with the official app, users are frequently advised to take a screenshot of their repayment process. This could come in handy in cases of overpayment, unreflected payments, and other mistakes.
- If you require assistance or encounter a system error while repaying your loan, please contact EasyBuy via their customer service number or email address.
Download the official EasyBuy app from the Google Play Store to use the loan services offered by EasyBuy and keep track of your payback period.
EASYBUY HEAD OFFICE ADDRESS IN NIGERIA
Typically, EasyBuy operates out of a variety of mobile phone shops around Nigeria. This implies that if you need to speak with an agent, you may just stroll into any EasyBuy-affiliated phone store. Visit the EasyBuy headquarters in Lagos, Nigeria, for efficient customer care services. It can be found at, Number 9, Ogunnusi Road, Ogba, Ikeja, Lagos, Nigeria. You can always get in touch with EasyBuy customer service via phone or email with questions or complaints.
Telephone: 018888188 (9am – 5:30pm, Monday – Friday)
Email Address: firstname.lastname@example.org.