How to Use EasyBuy to Get (Loan/Purchase) In Nigeria

How to Use EasyBuy to Get (Loan/Purchase) In Nigeria

How to Use EasyBuy to Get (Loan/Purchase) In Nigeria

How to Use EasyBuy to Get (Loan/Purchase) In Nigeria

A mobile financial business called Easybuy, a division of Palmcredit provides loan services. You can borrow money from Easybuy Service to purchase a mobile phone and repay it over time in installments.

Everyone is aware of how expensive smartphones are right now. Even though certain low-end phones can be quite inexpensive, most high-end phones are often more expensive.

You may buy a high-end phone in Nigeria using the Easybuy financing program for just 30% of the cost. The remaining 70% of the loan can be paid back over three or six months.

Easybuy loan specifications

You must fulfill the requirements listed below in order to be eligible for an EasyBuy mobile financing loan.

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 card, or NIMC national identification card.

You’ll also need your Bank Verification Number (BVN).

Debit card (still valid)

Your 30% down payment for the smartphone you want to buy

Once you’ve satisfied these prerequisites, you should go ahead and apply for the loan with Easybuy.

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How to apply for an Easybuy loan for a smartphone

1. Locate an Easybuy Agent

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.

2. 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.

3. Choose the smartphone you want to purchase.

The agent collaborates closely with the workers in every mobile phone retailer associated with the Easybuy program. You will then be redirected to the Easybuy agent after choosing the desired mobile phone and accepting the pricing.

4. 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 (through a phone call).

5. Make a 30% down payment beforehand.

You must pay at least 30% of the phone’s cost here. For instance, if the mobile phone costs 40,000, you must put down a minimum of 12,000 in the beginning.

6. Choose a reasonable repayment period.

When requesting an Easy Buy loan, you may choose to:

Within three months, repay

Payback within six months

The interest rate varies depending on the repayment period. Before choosing a choice, be careful to confirm.

7. Lastly

This is the final stage in the process of getting an Easy Buy mobile phone loan in Nigeria.

Four of your closest friend’s and family members’ names and phone numbers will be requested. The following people:

It could be a member of your family, friends, relatives, coworkers, or employer.

are to attest that you are a trustworthy individual.

If you fall behind on your repayment terms (fail to pay by the due date or after), you will be contacted.

Here’s a suggestion: Let them know before you apply for the loan and ask them to recommend you.

Additionally, after applying for the Easybuy loan, make sure to pay on time at all costs. If you don’t, the loan firm will get in touch with those 4 people and inform them of your inaction, which could be embarrassing.

ALSO CHECK: How to (Get/Repay) Migo Loan With Code

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.

Simplebuy loan period

Easybuy offers two alternative payback plans to its customers.

We possess the payback period of three months (91 days) 180 days or 6 months of payback

Interest rate for Easybuy

The repayment term you choose in your application will affect the interest rate on your Easybuy loan. The monthly interest rate for the three months (91 days) of payments is 9%.

The monthly interest rate is 6% for the six months (180 days) of payments.

Easybuy Loan repayment Period

The following methods are available for repaying your Easybuy loan:

Through the Easybuy app

By way of app transfer on mobile

visiting a bank location and making a cash payment

By Flutterwave, RAVE

How to Pay Back Loans Using the Easybuy App

Follow these instructions to pay using the official Easybuy app:

Launch the Easybuy app and sign in.

Click “Pay now” in “debt history” after opening it.

Enter your card information and select “Repay with Bank Card.”

Every time a user pays via the official app, they are frequently recommended to take a snapshot of their payback procedure. In instances of overpayment, unreflected payments, and other problems, this might be helpful.

Contact Easybuy via their customer service hotline or email if you require assistance or experience any system errors when repaying your loan.

Download the Easybuy app

You can download the official Easybuy app from the Google Play Store to use Easy Buy loan services and track your payback period.

Easybuy Headquarters/Office

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. Here is a list of some Nigerian Easybuy partner stores.

Visit the Easybuy headquarters in Lagos, Nigeria, for efficient customer care services. It can be found at Ogunnusi Road, Number 9, Ogba, Ikeja in Lagos, Nigeria.

Email address and customer service for Easybuy

You may always get in touch with Easybuy customer service via phone or email with questions or complaints.

Telephone: 018888188 (9 am to 5:30 pm, Monday to Friday)

Contact information: [email protected]

Visit their official Facebook page at https://www.facebook.com/easybuy.loans to get in touch with them as well.

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