Easybuy is a mobile phone financing service designed by Palmcredit to help people purchase mobile smartphones on credit. Easybuy has come a long way in Nigeria and has become a household name.
Loan business is becoming a viable business in Nigeria as a result of the fragile state of the economy. Since a lot of people in Nigeria cannot afford the kind of life that they wish for, they often have to settle for installment plans to attain it. Fortunately, for mobile phones, an easybuy loan is a way out to get the kind of smartphones you have always loved.
Among the several companies that offer installment payments in the country, EasyBuy mobile device financing platform makes it easy to own your choice of mobile phones and pay later.
You may want to pull a couple of devices together for your business but may not have sufficient cash to do so. If you already have a list of what you intend to buy, EasyBuy will help you achieve your plan while you make gradual refunds with a low-interest rate.
WHAT IS EASYBUY MOBILE DEVICE FINANCING PLATFORM?
EasyBuy is a new company in Nigeria operated by Palmcredit – a consumer loan company. It allows approved individuals to own their desired smartphones with some down-payments.
As a user, you’ll have the privilege of purchasing mobile phones or tablets and a wide range of other devices on loan. Your payment pattern could cover several months, to make it easy for you.
EasyBuy now has an easy-to-use app which is available for download on Android devices.
HOW DOES EASYBUY MOBILE DEVICE FINANCING PLATFORM WORKS?
1. Locate An Easybuy Agent
EasyBuy allows you to make purchases of your desired mobile devices through their app or simply visit any of the nearest EasyBuy authorized agents for a guide on how to apply and register for the process.
If at all they charge you a fee for a guide, they will also ensure to put you through the paperwork.
After locating them, you’ll have to decide the kind of device you want. They support different kinds of products and models, as long as you can find them displayed in the store where you meet their agents. In their store, you will find all kinds of phones ranging from low-end devices to premium devices.
2. Select Your Preferred Mobile Phone
The next step is to make your choice about the smartphone you want. You will find some great devices that you have always wanted including the fancy iPhone and Samsung devices.
Once you have selected the kind of phone you want, then you’ll be required to register with the agent which takes us to the next step on how to buy now and pay small small.
3. Register With An Easybuy Agent
The registration process will require some crucial information to be sure you are faithful to the repayment plans. You’ll need to provide your name, BVN, phone number, Identity card details, and some other information.
You will also likely be told to present four names of people close to you, who the company can hold their words as collateral. They will be contacted and assured that you are authentic.
4. Make At Least 30% Down Payment
One of the conditions of EasyBuy Mobile Device Financing is that applicants must make a down payment of at least 30% of the total cost of the asset financing. If you do not do this, the process will be truncated, and you’ll not receive any phone.
The initial payment will be made to the vendor where you want to get the easybuy loan.
Once you have gotten your phone, you do not have to go back to their agents, centers, or offices for anything else. The installments can be done via the EasyBuy app.
They also have two plans which you are expected to pick from. Easybuy loans’ Interest rates are between 6% and 9% per month depending on the duration of the loan. If you are to calculate based on the daily interest rate, then the interest rate on easybuy could be as low as 0.2%.
Ensure to pay installments as agreed as late payment could attract extra charges. Refusal to pay could lead to them filing a police complaint against you. Don’t forget that you will be providing some personal information to them which can be used to locate you and your bank accounts.
MOBILE DEVICES AVAILABLE ON EASYBUY
Since the company is still growing in Nigeria, you should get the kinds of mobile devices you adore. On the easybuy app and platform, there are a handful of Apple and Samsung products you will be proud to call yours.
Some of the mobile devices you’ll find are iPhone 8 Plus, iPhone 8, iPhone X, iPhone XS, iPhone XR, iPhone XS Max, Apple Watch Series 3, Apple Watch Series 4, Apple AirPods, Samsung Galaxy Note 9, Samsung Galaxy Note 8, Samsung Galaxy S8, Samsung Galaxy S8 Plus, Samsung Galaxy S9, and Samsung Galaxy S9 Plus among others.
Aside from that, you will also find all trending Tecno, itel, oppo, and infinix models on their platform. They have been able to picture that our demands could be very different. Some just need a mobile phone that would be able to do the basic things like chatting and connecting on social media platforms, call, text, etc while some want more than that.
But do not hesitate to check out yourself if your choice of mobile device isn’t enlisted here.
REQUIREMENTS TO BECOME ELIGIBLE FOR EASYBUY
Anyone can benefit from the Easybuy mobile device financing platform once the requirements are met. There are documents and vital information you will be expected to provide. They are listed below:
- A Valid Identity card – Voter’s card, National ID card, Driver’s License, or International Passport.
- ATM Card and Bank Verification Number (BVN).
- Information about your income, phone number, and home address.
- Debit card details for auto-debit when your paybacks are due.
HOW TO PAY BACK YOUR EASYBUY LOAN
After paying your deposit and receiving your dream phone, you do not need to shuttle the EasyBuy center to make payments every month. Just go to the Google Play store to download the EasyBuy mobile app.
Log in with your personal information as required, and you will be redirected to the app’s main interface. Open the details tab to view your current loan status.
Then, click on the installment or repayment option. Go to the Pay button thereafter, and verify the due payment displaying on your account. Then make your payment.
Since the procedure involves adding a debit card into your account, they will likely debit your account automatically on repayments due dates if you haven’t done it.
HOW TO CONTACT EASYBUY SUPPORT TEAM
Perhaps something goes wrong or you have an unanswered query and you think you need to reach out to someone who is a part of the support team, there are easy ways to go about it. Here are contact details you can harness to reach out to the EasyBuy support team.
Easybuy official website url is web.easybuy.loans. Customers can get in touch with the support team through easybuy official email address [email protected]
Alternatively, call easybuy customer care phone number by dialing +01-8888188.
You can also visit these stores to make further enquiries or start the process: 3c Hub, Pointek, Microstation, Otigba computer village, Spectrum, or visit Zenco Plaza computer village,
Easybuy Office Address: 9 Ogunnusi Road, Ogba, Ikeja, Lagos. You can also contact them on facebook via www.facebook.com/easybuy.loans.
EasyBuy has ground agents that help people to process their new phones. Aside from the above listed areas, you may find these agents in some mobile phone shops wearing shirts or t-shirts with the EasyBuy logo and their brand color designs. It is important to locate their agents before kicking off.