Buy Now Pay Later has been trending in Nigeria for a while now, and it’s a financial solution that allows people to buy phones or any form of electronics and pay them later on installments.
Sometimes you can pay for them at a discounted price and you’ll come to get them after you’ve completed your payments, Buy Now Pay Later is more like taking a loan with no interest rates. These days we’ve seen a lot of platforms, fintech solutions and stores offering people the chance to Buy Now Pay Later.
Requirements To Buy Now Pay Later In Nigeria
To buy now and pay later as a Nigerian, you must have some documents that’ll qualify you to be able to buy now and pay later, but how do you know if you’re fit enough to apply for this credit opportunity? Well here are some required documents below and if you have them complete, you can apply to buy now and pay later across any stores or platforms in Nigeria.
- 6 months of your SALARY bank statement.
- Bank Identification Number (BVN).
- Work ID CARD/Employment letter.
- A valid Government Issued ID CARD (either Driver’s licence, National Identity Card, Voters card or Nigeria passport
List of the Best Buy Now Pay Later Stores in Nigeria
1. Spredda
Spredda is an e-commerce based website in Nigeria where you can buy home appliances, electronics, mobile phones, furniture, computers, generators, fashion and beauty products, sports and fitness products at affordable prices, and on this store, they have two options of buying and paying later, and both options are PayQart and Lay-by.
2. Easybuy
Easybuy is a mobile-based loan app in Nigeria, and it’s one of the best loans apps in Nigeria as well and on this app you can loan any amount from 10,000 Naira to 50,000 Naira with a 6% interest rate that’ll allow you to pay within 91 days to 180 days. While Easybuy allows you to loan money, you can also buy smartphones of any brand you want on Easybuy and you’ll make payments in installments. Buy Now Pay Later is very easy on Easybuy and this is how it’s done.
3. CDcare
CDcare is a big marketplace in Nigeria, and it operates on Android, iOS and also the web. This website allows Nigerians to be able to buy any gadgets or household appliances that they want using the Buy Now Pay Later method and it doesn’t attract any interest. On this website, you can buy anything you want, from phones to gadgets, or even kitchen appliances like freezers, microwaves and many more, and if they don’t have what you want, you can request it.
4. The Alternative Mall
The Alternative Mall is an e-commerce based website in Nigeria where you can buy home appliances, electronics, mobile phones, furniture, computers, generators, fashion and beauty products, sports and fitness products at affordable prices, and this website is being owned by Sterling Alternative Finance, and it makes buying things for both salary earners and non-salary earners. The Alternative Mall seem to be the best because it doesn’t attract any charges.
5. Zoomba
Zoomba is another e-commerce marketplace that makes buying things very easy for Nigerians, this website offers a pay small small policy that’ll allow you to lock down an item and make gradual payments until the full balance is being completed. You can buy anything on this website and they sell kinds of stuff like Phones, Laptops, Home Appliances and so much more, buying now and paying later goes through Layaway on Zoomba and this allows you to have a product marked.
Finally,
Buying now and paying later is a way to get what you want even in the most difficult situations, and these online stores have delivered so well for Nigerians. You only need to be qualified before you can buy now and pay later, these are the best buy now pay later stores in Nigeria at the moment.