Easybuy Loan App/ Requirements, Interest Rate, Website and How to Apply
Easybuy Loan App: EasyBuy mobile device financing platform is a platform set up to allow Nigerians to buy a device of their choice and pay later in installments. The platform comes with a unique proposition for Nigerians regarding the purchase of a smartphone or a mobile device such as a smartwatch.
Simply put, it is a platform that makes it easy to buy equipment. For example, if you have a list of mobile phones or devices you want to buy but don’t have enough money to pay in full, EasyBuy makes it easy to buy any smartphone you want just by paying by tools. Assuming you want to buy an iPhone X that comes with 64GB, 256GB and 512GB of storage, you will be charged between ₦90,000 and ₦174,417 depending on the storage option you choose, and you can pay for the following three months five months.
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What is EasyBuy?
I don’t know if you’ve noticed, but the “lending industry” is very lucrative right now in Nigeria. The economic state of the country means that most people cannot easily afford the things they want. But generally a period of time that they can afford to pay for. Imagine you want to own a Tecno Spark 4 that costs around N34,000-35,000 but you can’t afford to raise cash right away. This is where EasyBuy comes in.
However, you need to pay 30% of the total price of the device in advance. If you buy Tecno Spark 4 for 36,000 N, 30% of 36,000 N is 10,800 N. So all you have to pay EasyBuy upfront is 10,800 N and they will give you a Tecno Spark 4 to start using right away. Remaining balance of N25,200 will be paid over a monthly period – 3 or 5 months.
How to Apply for an Easybuy Loan
Before you can purchase a device from Easybuy, you must first make an appointment online or visit any mobile store in Nigeria where an Easybuy representative is located.
To apply for Easybuy online, you just need to visit their website and fill out the application form with your phone number.
Once done, one of their representatives will contact you to find out how you can claim the device you want to buy and pay later.
How Does it Work and How do I Get a Loan to Buy a Phone on Easybuy?
Wondering how to buy a phone on EasyBuy and pay later? It is quite simple to own a smartphone with EasyBuy.
Just follow the steps below;
- Visit the EasyBuy website
- Select a smartphone or device from their catalog, which will bring up information about the device, such as memory options if the said device is available in different configurations.
- Next, select the hosting option of your choice and choose your preferred duration/payment plan. Note that you can only pay the remaining balance in three to five months
- Add the item to your cart, then proceed to payment.
- Fill out the online application and submit it. Make sure you enter true information. There will be an examination of such information by EasyBuy.
- Within three working days, an EasyBuy representative will get in touch with you to inform you of the status of your application.
If your application is approved, you will be asked to pay a down payment that is at least 30% of the purchase price of the item. Additionally, decide between the two monthly payments options (3 or 5 months). Be aware that there are two options for monthly repayment: direct debit or postdated checks. Currently, only Lagos state residents can access EasyBuy.
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Requirements for EasyBuy Mobile Devices
Things need before submitting an application for an Easybuy device loan.
Unfortunately, not every Nigerian should use this site. There are conditions you must fulfill before you may enroll in the program, as well as actions you must take while enrolled.
The requirements for using the EasyBuy financial platform are listed below;
- A valid ID, such as a driver’s license, passport, national ID card, or voter card, is required of the applicant.
- A Bank Verification Number (BVN) is required for the applicant.
- The applicant needs an ATM Card.
- The applicant must be paid a wage.
- The applicant must be prepared to put down a minimum of 30% and select one of the two loan options, which are for three months at 9% interest and for six months at 6% interest.
You are prepared to go once you are able to fulfill these conditions.
How Can I Repay the Loan for The Easybuy Device?
It’s vital to repay the loan after signing up for an Easybuy loan in installments. Installing the EasyBuy app is required to do this, which is often done on a monthly basis (please note that the app will be supplied to you for installation at the point of purchase).
You can repay your loan through the app on a regular basis by sending money to their Access Bank account number, 0775630482.
Account Name: The TRANSNET FINANCIAL NIG LTD
It is advised that you email a proof of payment together with your name and the phone number associated with your BVN to repayment.ng.pc@transsnet.com after completing a payment.
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Mobile Device Categories Accessible on EasyBuy
Only a small number of gadgets are now available on the company website. On the website, you can only see products from Apple and Samsung. The following products are available as of this writing;
- Apple AirPods
- iPhone 8 Plus
- iPhone 8
- iPhone XS
- Apple Watch Series 3
- iPhone X
- iPhone XR
- iPhone XS Max
- Apple Watch Series 4
- Samsung Galaxy Note 9
- Samsung Galaxy S8
- Samsung Galaxy S9
- Samsung Galaxy Note 8
- Samsung Galaxy S8 Plus
- Samsung Galaxy S9 Plus
How do I Get a Hold of Easybuy in Nigeria?
In Nigeria, there are four ways to get in touch with Easybuy. You can get in touch with them through social media, by calling their customer service number, by visiting their website, by sending them an email, and finally by visiting their headquarters.
Visit the company’s headquarters at 10 Bankole Lukman Street in Lekki Lagos to get in touch with them.
