Due to worsening economic challenges, sometimes people may want to buy smartphones but may not have the complete money to pay for the phone outrightly(upfront). If you’re in such a condition now, there is good news for you. Easybuy is here to help you out.
If you want to buy a smartphone and make some fractional down payment(10%) while paying the remaining amount on installment, Easybuy is a good option to consider.
Easybuy is a buy now pay later platform that allows their customers to buy smartphones and other appliances and make payment on installment basis. But you will make a down payment of about 10% of the total amount while the remaining amount will be spread over months according to their policy.
However, before you can enjoy the services of Easybuy there are basic requirements that you must meet but we shall be discussing that in the subsequent sections. To get full information on how Easybuy works and the current prices of their phones keep scrolling through this article.
Easybuy Working Principle
As we have noted in the introduction that Easybuy works on the principle of ‘’buy now pay later’’ but there is more to that.
If you visit any of the Easybuy outlets to buy a smartphone, you are expected to make a 10% down payment of the total amount while you’ll pay the remaining amount on installment over a specified period of time.
For example, let’s assume you buy Tecno Pop 5 Pro from Easybuy store at the cost of N63,00, you will need to make a 10% down payment which N6,300. While you will pay the remaining N56,700 on installment that will be spread over months depending on the agreed terms.
Meanwhile, what happens is that Easybuy will buy these phones in bulk and pay off the cost price. Then when you check-in at any of their outlets to buy from them, they will add some money on the cost price and that’s how they make their profit.
How To Repay Easybuy Phone Loan
Repaying the Easybuy phone loan is pretty easy because they will install a mobile app which will be linked to the account you will use for the repayment. On a monthly basis, the amount will be deducted automatically from your linked account. You may also opt to repay it manually.
Consequences For Not Repaying Your Easybuy Phone Loan On Time
As you may have known, failure to pay for your Easybuy phone as agreed comes with a lot of negative rewards.
If you fail to pay on time, a message will pop up on your phone screen notifying you to pay for your phone. The message will go thus: “Dear customer, your easybuy payment is overdue, kindly make a payment today to avoid phone lock’’.
This message will display on your phone screen for about three days, and if after the three days you didn’t pay, they’ll lock all your phone apps except the Easybuy app and your banks app.
When this happens, you won’t be able to access any app in your device including your social media apps and other relevant apps in your phone. But they will unlock your apps once you make the payment.
Eligibility Criteria For Easybuy Phones
As we noted in the introduction, there are some basic criteria that you must meet before you can access Easybuy phones, some of the requirements include:
- You must be at least 18 years old.
- You must have a functional bank account.
- The intending applicant must have a Bank Verification Number(BVN).
- You must have a valid National Identification Number(NIN).
- You must be resident in Nigeria.
- A phone number of your guarantor is a must.
Easybuy Phones And Prices
Easybuy sells different kinds of phones like iPhone, Infinix, Tecno, Itel etc. For clarity purposes, we’re going to group these phones according to products with their prices attached. Let’s proceed.
1. Easybuy Tecno Phones With Prices
|1.||Tecno Phantom X||N245,500|
|2.||Tecno Pop 5||N37,000|
|3.||Techno Spark 8||N65,000|
|4.||Tecno Phantom X2 Pro 5G||N479,990|
|5.||Tecno Phantom X2 5G||N384,990|
|6.||Techno Pova Neo 5G||N100,000|
|7.||Techno Spark 9||N83,700|
|8.||Techno Spark 9 Pro||N129,000|
|9.||Techno Spark 9 Pro Sport||N128,990|
|10.||Techno Spark 9T||N98,500|
|11.||Tecno Camon 18||N102,000|
|12||Tecno Camon 18P||N128,000|
|13.||Tecno Camon 18 Premier||N182,000|
|14.||Techno Spark 8P||N77,000|
|15.||Tecno Pova 5G||N147,000|
|16.||Tecno Pop 5C||N30,000|
|17.||Tecno Pop 6 Go||N47,000|
|18.||Tecno Pop 6||N54,000|
|19||Tecno Pova 3||N66,000|
|20.||Tecno Camon 19||N125,000|
|21.||Tecno Camon 19 Pro||N166,000|
|22.||Tecno Spark 7||N54,000|
|23.||Tecno Camon 17||N90,000|
|24.||Tecno Camon 17 Pro||N147,000|
|25.||Tecno Camon 17P||N113,000|
|26.||Tecno Pova 2||N64,000|
2. Easybuy Infinix With Prices
|1.||Infinix Hot 12 Play||N85,000|
|2.||Infinix Hot 12i||N75,600|
|3.||Infinix Note 12 VIP||N200,000|
|4.||Infinix Note 12||N131,000|
|5.||Infinix Note 12 G96||N150,500|
|6.||Infinix Note 12 5G||N197,500|
|7.||Infinix Zero 5G||N169,500|
|8.||Infinix Hot 11||N89,000|
|9.||Infinix Note 11||N108,900|
|10.||Infinix Note 11 Pro||N138,900|
|11.||Infinix Note 11i||N90,000|
|12.||Infinix Hot 10i||N51,400|
|13.||Infinix Note 8i||N71,000|
|14.||Infinix Smart 5||N45,000|
|15.||Infinix Smart HD||N40,500|
|16.||Infinix Hot 10||N65,000|
|17.||Infinix Hot 10 Lite||N47,800|
|18.||Infinix Note 30 Pro||N175,900|
|19.||Infinix Note 30 5G||N146,500|
|20.||Infinix Note 30||N133,000|
|21.||Infinix Note 30i||N125,000|
|22.||Infinix Hot 30||N82,000|
|23.||Infinix Hot 30i||N75,000|
|24.||Infinix Zero Ultra||355,500|
|25.||Infinix Zero 20||N224,000|
|26.||Infinix Smart 7||N50,000|
|27.||Infinix Hot 20i||N84,700|
|28.||Infinix Hot 12||N111,000|
3. Easybuy iPhones With Price
|1.||iPhone XS Max||N325,000|
|5.||iPhone 8 Plus||N174,000|
|7.||iPhone 7 Plus||N120,000|
|9.||iPhone 6S Plus||N71,000|
|11.||iPhone SE (2nd generation)||N220,000|
|12.||iPhone 11 Pro Max||N550,000|
|13.||iPhone 11 Pro||N490,000|
4. Easybuy Samsung With Price
|1.||Samsung Galaxy S20 FE||N265,000|
|2.||Samsung Galaxy A71||N210,000|
|3.||Samsung Galaxy A51||N180,000|
|4.||Samsung Galaxy M11||N85,000|
|5.||Samsung Galaxy A34||N236,000|
|6.||Samsung Galaxy A14||N116,900|
|7.||Samsung Galaxy A04s||N101,000|
|8.||Samsung Galaxy A73 5G||N260,000|
|9.||Samsung Galaxy A53 5G||N180,000|
|10.||Samsung Galaxy A33 5G||N160,000|
|11.||Samsung Galaxy A23||N120,000|
|12.||Samsung Galaxy A13||N95,000|
|13.||Samsung Galaxy A22||N100,000|
|14.||Samsung Galaxy A72||N250,000|
|15.||Samsung Galaxy A32||N140,000|
|16.||Samsung Galaxy A52||N205,000|
|17.||Samsung Galaxy A11||N58,000|
5. Easybuy Itel Phones With Prices
|1.||Itel P17 Pro||N44,500|
|2.||Itel A58 Pro||N50,800|
|6.||Itel A58 Lite 16+1||N45,000|
|7.||Itel A58 Lite 32+2||N46,500|
|8.||Itel P38pro 64+2||N72,500|
|9.||ITel P38 32+2||N52,500|
6. Easybuy Nokia Phones With Price
|1.||Nokia X30 5G||N323,800|
|2.||Nokia 105 4G Dual SIM wireless FM||N23,000|
|3.||Nokia 105 Dual Sim||N9,250|
|6.||Nokia C21 Plus||N69,900|
|12.||Nokia Tab T10||N106,600|
|13.||Nokia Tab T20||N177,700|
|14.||Nokia X10 (5G)||N149,100|
|15.||Nokia X20 (5G)||N177,100|
Easybuy Phones Website
As at the time of writing this blog post, there’s no official website for Easybuy phones.
Nevertheless, you can check-in at any of the Easybuy outlets across Nigeria. The good thing is that they have branches in major cities across Nigeria like Lagos, Ibadan, Kaduna, Asaba, Warri, Calabar just to mention but a few.
Thanks for your time!