How to Get a Loan From EasyBuy

Get a Loan From EasyBuy: There was some time ago in our world if you don’t hold money at hand you can’t get what you want. Today, EasyBuy has digitalized the concept and made it easier for you to buy anything you want on credit and pay it back later installmentally.

With EasyBuy, you can buy any smartphone of your choice on credit and pay back when the fund is ready.

However, we will take you on how to get a loan from EasyBuy, EasyBuy loan repayment options, what EasyBuy is, EasyBuy loan eligibility requirements, and many more. So don’t stop reading till the end!

What EasyBuy Loan Is

EasyBuy is a subsidiary of Palmcredit a reputable consumer loan platform that provides financial services especially loans to its customers who do have the money to buy their product (smartphone) at the moment. You can relate to “Buy Now And Pay Later”.

Undoubtedly, mobile phones are now very expensive in the market but EasyBuy has made it possible for you to buy a high-quality smartphone of your choice and conveniently pay back when money comes.

However, you will only be required to pay 30% of the actual price of the product you purchased and later pay the remaining 70% within 3 to 6 months. Note, that you should not go for something higher than your standard to avoid the problem of repaying back.

Easybuy Loan App Download – Loan From EasyBuy

The EasyBuy loan App is available on the Google Play Store. With this App, you can control your loan history such as loan requests and repayments.

The EasyBuy loan App is user-friendly with incredible features in that you can navigate to anything you want easily.

Since its inception, it has gotten over 1,000,000 downloads, 47,000 reviews, and 4.0 ratings on Google Play Store. This App is not heavy, you can install it on any Android device. It is just 6.4 MB.

How To Create An Account With Easybuy?

Immediately after you have finished downloading your EasyBuyLoan App, the next thing is to create an account in it. The steps to successfully create an account on the EasyBuy Loan App are given below.

Open your EasyBuy Loan App
Click on “sign up”
Provide your required information like phone number, email address, and a strong password.
Provide the verification code sent to your phone number in the provided column
Read the terms and conditions and click accept
submit.
You will now be able to access the home page of the app.

Eligibility Requirements For Easybuy Loan

For you to be able to get a loan from EasyBuy, you must be a qualified applicant which means you must meet the stipulated requirements which are given as follows:

You must be at the minimum age of 18 years
Must provide valid proof of stable income
Good credit history
Valid identification documents (Driver’s license, International Passport, Voter’s card, National Identity Card)
Bank Verification Number (BVN)
ATM card (not an expired one)
Must first deposit 30% of the price of the mobile phone you want to purchase

Steps on How to Get a Loan From EasyBuy

To successfully apply for the EasyBuy loan, you must follow the procedures given below

Locate An Easybuy Agent

The first step in getting a loan from EasyBuy is to locate and get acquainted with any EasyBuy agent in your location. This process is not as difficult compared to partnership and affiliation with some phone companies in Nigeria.

You can visit any phone shop from there, they will introduce you to an EasyBuy agent.

Provide Your Information

After you have located the Easybuy agent, the agent will ask you a few questions to prove your eligibility. Please ensure to comply and give your correct information.

Choose Your Desired Mobile Phone

After you have provided your needed information to the agent, what you will do next is to choose your preferred mobile phone. The phone agent can help you with the selection and you can bargain the price. After this process, go back to the Easybuy agent

Sign up for your Easybuy loan

Sign up for the Easybuy loan after you have selected your mobile phone. The Easybuy agent can help you in this process, he can use your provided information to complete the signup Easybuy loan process.

Another thing you will do in this process is a photograph captured by the agent.

Make Your 30% Initial Payment

After the agent has captured your photograph, the next thing you will do is make a payment of your initial 30%.

Choose a Convenient Repayment Term

In your application, please choose a repayment term that is convenient for you. Easybuy loan has two options which are payback in 3 months and a payback in 6 months.

Note that any repayment option you choose has its own interest rate. Ensure you understand this clearly from the EasyBuy agent before you choose any option.

Final verification

In this stage, you must provide 4 people’s phone numbers that are close to you. These people can be your family members, friends, or coworkers. These people will be your guarantor and they will be contacted if you fail to comply with the loan terms.

How Much Loan Can You Apply For On Easybuy – Loan From EasyBuy

If you just get started with EasyBuy, you will be eligible to apply from ₦10,000 to ₦50,000. However, it will be determined by your eligibility status and how honest you are to the loan repayment terms.

Easybuy loan term

There are two different EasyBuy loan terms which are:

3 months repayment term
6 months repayment term

Easybuy Loan Interest Rate

EasyBuy loan interest depends on your selected loan term option. Therefore the following are EasyBuy loan interest rates:

The monthly interest rate for 3 months repayment term is 9%.
The monthly interest rate for 6 months repayment term is 6%.

How To Repay Easybuy Loan

There are many options for you to choose to repay your EasyBuy Loan. You are to choose the method that is convenient and easier for you.

However, below are some methods you can repay your EasyBuy loan back:

Through the EasyBuy Mobile App
Through Mobile Transfer
Through Bank deposit

How to Repay EasyBuy Loan Through EasyBuy Mobile App – Loan From EasyBuy

Follow the procedure below to successfully repay your EasyBuy Loan:

Launch your EasyBuy Mobile App
Login with your account to the Easybuy App dashboard
Select the “loan history” on the Menu
Click on “repay the loan” option and input the amount you want to pay.
Click on “Repay with Bank card” and enter your card details.
Submit and wait for a debit alert and confirmation SMS from Easybuy.

However, we hope this content helps, bookmark this page or comment using the comment box if you have any questions regarding how to apply for a Loan From EasyBuy. Don’t hesitate to share this article and join our Telegram channel to access additional informative content and stay updated with our daily recruitment news.

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Author

Michael

This post is authored by Michael Offiong, an Editor of Recruitment Portfolio. Boasting over a decade of expertise in the recruitment sector, Michael provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news stories.

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