Easybuy: How To Use, Loan Requirements, Easybuy App & More. Get Information On How To Buy The Phone Of Your Choice Using Easybuy.
Have you been thinking of how to get your dream phone and you do not have money? Well, I might have solution to your problem. In this article, we are going to look at how you can purchase your dream phone using easybuy loan as well as everything you need to know about easy buy. Let’s get started!
What Is Easybuy?
Easybuy is a mobile financial service where you can get loan services, The loans taken from easybuy is to help you purchase mobile phone and then payback in installments. This is a great opportunity for people that might have difficulty in purchasing phones because they simply do not have sufficient funds.
How To Use Easybuy To Get A Loan
Getting a loan from easy buy would not be as difficult as you might think if you follow these simple steps:
1. Get An Easybuy Agent
If you want to get a loan from easybuy, the first thing you need to do is get an Easybuy agent. Don’t be confused, you can simply find one in mobile phone stores. Usually, they wear the easybuy uniform so it would not be difficult locating one.
2. Give All The Details Needed
Once you have located the easybuy agent, you would be told what you need to be able to qualify for a loan. You would also be asked a couple of questions before you proceed.
3. Pick The Phone You Want To Buy
Next, you would need to pick the phone you wish to buy. You can easily look for the kind of phone you want to buy. Once you have done this, you need to go back to your agent.
4. Sign Up For The Loan
After you have gotten back to the easybuy agent, you would need to sign up for the loan on the easybuy platform. The agent would help you in collecting the information you have previously provided. These details would be used to apply for your loan.
The easybuy agent would also take you a photograph after you have applied for the loan. In most cases, another agent from the head office may need to speak to you.
5. Make Your First Payment
The next step is making your first payment. You would need to pay at least 30% of the phone price that you have picked. This means that if the phone you have picked is #50,000, you would need to pay at least #15,000 as an initial deposit.
6. Pick Your Repayment Term
Next, you would be required to pick your repayment term. There are two repayment plans available. You can repay within 3 months or 6 months. However, you need to know that the interest rate of these two repayment terms is quite different.
It is advisable to pick whatever works for you.
Lastly, you need to verify. This is the last thing you need to do if you wish to get a phone through easybuy. You would need to provide the names of four people that are close to you as well as their phone numbers. It is important that you inform them about your decision before you put down their names for easybuy.
Easybuy Loan Requirement
If you want to qualify for a loan on Easybuy, you need to meet the requirement. The requirements for qualifying for a loan on Easybuy are as follows:
- You must be an employed person or at least have a reliable monthly source of income.
- Have a valid means of identification. This includes your driver’s license, your international passport, voter’s card or your NIMC National ID Card.
- You would need you bank verification number (BVN)
- You would need a valid ATM card
- You must pay an initial of 30% or the phone you wish to buy
If you meet all these requirements, you would be able to secure a loan from easybuy.
Easybuy Loan Term
There are two available loan terms on Easybuy. The good thing is that you can pick whichever loan repayment term works for you. They are:
- 3 months repayment term (91 days)
- 6 months repayment term (180 days)
If you fail to pay your loan as at when due to easybuy, it might be difficult to get another loan next time and there are interest rates attached to failure to pay at due date.
Easybuy Interest Rate
There are two different loan interest rates depending on the repayment term you pick. For the 3 months repayment terms, it has an interest rate of 9% while the repayment term of 6 months has an interest rate of 6%. Pick whatever works for you.
Loan Repayment on Easybuy App
You can repay your loan through the easybuy app. All you need to do is download the app on your phone, log in and the open the loan history section, click on “pay now”. You can pay back with your bank card, just enter your card details. Your loan would be deducted from your account.
Keep a receipt of payment for reference purposes.
Frequently Asked Questions
1. Does Easybuy Have A Loan App?
Yes, easy buy has a loan app which helps individual who need quick loan services.
2. Are There Extra Charges For Late Payments Of Loans On Easy?
Yes, there are extra charges of late payment of loans.
3. How Do I Pay With Easybuy App?
To pay with easybuy app, you need to go to “loan history” on the loan app and then select “pay now”, click on “repay with bank card”, next, you would go ahead to include your card details.
4. Does Easybuy Work For Iphone?
Yes, Easybuy works for both android and iphone.
5. What Is The Limit Of Easybuy?
Your loan on Easybuy should not be more than 50,000.
We have broadly looked at easybuy as whole and how you can get a mobile phone easily with them. You also need to pay up your loan as at when it is due. This is to avoid embarrassment from the loan companies because they can contact the people you previously put as guarantors. We hope this article helps you in purchasing your mobile phone form easybuy.