Easybuy is a digital consumer financing platform that provides affordable loan options for Nigerians to purchase electronic gadgets and appliances. Founded in 2017, Easybuy allows customers to borrow money and pay in installments over time at low interest rates. Their goal is to make technology more accessible so that cost isn’t a barrier to living a digital life.
How Does Easybuy Work?
Easybuy operates through its website and mobile app. Here is a brief overview of how it works:
1. Browse Products
You can browse hundreds of products including smartphones, laptops, TVs, refrigerators and other appliances available on Easybuy. All products are sourced directly from authorized dealers and brands.
2. Choose Loan Amount
Select the product you want to purchase and choose your loan repayment period which can range from 3-12 months. Easybuy will calculate your estimated monthly installments.
3. Apply for Loan
Fill out a simple online application form providing your basic details. Loan applications are processed instantly and you will receive a decision within minutes.
4. Receive Product
Once approved, the product will be delivered to your specified address within 2-5 business days. You can now start enjoying your new purchase!
5. Make Repayments
You will receive SMS and email reminders to make monthly repayment installments via bank transfer. Alternately, you can pay via the Easybuy mobile app.
Easybuy Loans – Eligibility and Requirements
To qualify for an Easybuy loan, applicants must meet the following basic eligibility criteria:
- Nigerian citizens aged 18-55 years
- Must have a valid means of identity like Voter’s card, International passport
- Monthly income of at least ₦30,000
- Bank account with one of the supported banks
- Smartphone with internet access
There are no hidden or extra charges. The stated interest on the loan is all you pay. You can check your estimated repayment amount and EMIs upfront before applying.
Products Available on Easybuy
Easybuy has a wide range of popular electronics and appliances available on loan
Smartphones
All the latest iPhone, Samsung, Tecno, Infinix and Itel phones can be bought on loan. Prices start from as low as ₦5,000 per month.
Laptops
Affordable laptop loan options include brands like HP, Lenovo and Dell. You can get a basic laptop from ₦10,000/month.
Home Appliances
Household essentials like fridges, washing machines, air conditioners, generators etc are available for convenient monthly installments.
TVs and Home Theatre
Budget TVs and premium home theatre systems can be purchased through Easybuy without huge upfront costs.
Others
Additional categories are power banks, headphones, routers, desktop PCs and electronics accessories. New products are added regularly based on customer needs.
How to Login to Your Easybuy Account
Now that you understand the basics of Easybuy, here are the steps to login to your account
1. Download the Easybuy App
Search for “Easybuy” on Play Store or App Store and install the app on your phone.
2. Tap “Login”
Open the app and tap the “Login” option on the home screen.
3. Enter Login Details
Enter your registered phone number and password to login.
4. Two-Factor Authentication
You will receive an OTP (one-time password) on your phone number for verification. Enter the 6-digit code.
5. Your Account Dashboard
Once logged in, you can view your loan details, payment history, raise support tickets and more from your account dashboard.
Logging into your Easybuy account is quick and hassle-free. Make sure to keep your login credentials safe for easy access whenever needed.
How to Make Repayments on Easybuy
Repaying your Easybuy loan on time ensures you maintain a good credit score. Here are the different repayment methods:
1. Bank Transfer
Simply transfer the amount due from your bank account to Easybuy’s designated account number.
2. Mobile Payment
For instant payments, use services like Paystack, Flutterwave etc to pay directly from your phone.
3. Physical Deposit
If needed, you can deposit cash at any bank branch counter using Easybuy’s account details. Ensure you obtain a receipt.
4. Easybuy App Payment
The easiest way is to use the “Make Payment” option from your account in the Easybuy mobile app.
Make sure you include your reference number for accurate crediting of the amount. You will receive payment confirmation on your phone and email.
Frequently Asked Questions (FAQs)
What documents are required for loan application?
You only need a valid identity document like a National ID card, Voter’s card or International passport for proof of identity and age. No other documentation is mandatory.
Can I return or exchange the product if not satisfied?
Yes, you have up to 7 days from delivery date to request a return or exchange if you’re unhappy with the product quality or specifications. Just reach out to our customer care for assistance.
Conclusion
In conclusion, Easybuy is revolutionizing access to technology and improving living standards for the average Nigerian by offering affordable buy now pay later financing. With its simple online processes, quick loan decisions and reliable after-sales support, Easybuy is truly making life much easier. Whether you need a new smartphone, laptop or home appliance, Easybuy offers the most stress-free option to buy your favorite gadgets without heavy upfront costs.
Do you have any other questions about Easybuy loan products or the application process? Feel free to leave a comment below and I will do my best to help answer it. You can also check their official website www.easybuy.ng or contact customer support for further assistance. Happy shopping and stay tuned for more updates from Easybuy!
