How Does Easybuy Work in Nigeria? (Detailed Guide)

In a bustling economy like Nigeria’s, where technology is rapidly advancing and market needs are constantly evolving, financial solutions are more crucial than ever.

Easybuy, a well-known service offering a unique purchase and payment plan, has piqued the interest of many. It promises to revolutionize how consumers approach buying, especially for those eyeing more expensive or budget-stretching items.

In this article, we’ll explore the ins and outs of Easybuy, how it operates, and most importantly, its functionality and accessibility in Nigeria.

how does easybuy work in nigeria

Does Easybuy Work in Nigeria?

The question on many Nigerians’ minds is whether Easybuy services are accessible and operational within their country. The answer is yes. Easybuy has recognized the Nigerian market’s potential and has accordingly made its services available.

It’s particularly popular among those looking to purchase smartphones. The service collaborates with various retail stores across the country, making it accessible in both major cities and smaller towns.

However, like any service, it’s important to understand the terms, interest rates, and repayment expectations fully to ensure it’s the right fit for your financial situation.

How Does Easybuy Work?

Easybuy is a service tailored to make your shopping experience smoother and more flexible. It’s essentially a platform offering a hire purchase plan for smartphones and other electronics.

Here’s how it typically works:

A customer picks an item, pays a small deposit percentage of the item’s price, and then pays off the balance in installments over a specified period.

This approach breaks down large payments into manageable chunks, making it easier for individuals to acquire items without the burden of immediate, full payments.

How to Use Easybuy in Nigeria

Using Easybuy in Nigeria is straightforward but requires attention to detail to ensure a smooth transaction. Here’s a step-by-step guide:

1. Find a Partner Store

Locate a retail store that partners with Easybuy for the product you want. Start by identifying Easybuy partner stores near you. These are typically well-known retail outlets that offer a range of electronic devices.

You can visit the Easybuy website or contact customer service for a list of affiliated stores. It’s also a good idea to confirm the availability of the product you are interested in before visiting the store.

2. Choose Your Product

Select the item you wish to purchase, usually a smartphone or electronic device. Once you’re at the partner store, take the time to explore the available products. Ensure that the item meets your needs and preferences.

Ask store representatives about the specifications, warranty, and after-sales services to make an informed decision. Remember, the choice of product will directly influence the terms of your Easybuy plan.

3. Payment Plan

Decide on your initial deposit and understand the installment plan, including duration and interest rates. After selecting your product, discuss the payment plan options with the store representative. You’ll need to pay a deposit, usually a percentage of the item’s total cost.

Then, you’ll choose an installment plan, which includes the monthly payment amount and duration. Ensure you understand the total cost, including any interest rates and fees, to avoid surprises.

4. Documentation

Provide necessary documentation and ID for verification. To complete the Easybuy process, you’ll need to provide valid identification and possibly other documents for credit assessment.

This typically includes a government-issued ID, proof of income, and possibly a recent utility bill for address verification. Ensure all documents are valid and up to date to avoid any delays in your application.

5. Agreement

Review and agree to the terms and conditions of the purchase plan. Before finalizing the transaction, you’ll be presented with a contract outlining the terms and conditions of your installment plan.

Read this carefully, understanding all obligations, including payment dates, interest rates, and what happens in case of late or missed payments. Ask questions if anything is unclear, and only sign once you’re completely satisfied with the terms.

6. Repayment

Stick to the repayment schedule to avoid penalties or additional fees. After the agreement, it’s crucial to adhere strictly to the repayment schedule. Timely payments ensure that you avoid late fees and maintain a good credit score.

Keep track of payment dates and ensure you have sufficient funds in your account. If you anticipate any difficulty in making a payment, contact Easybuy or the retailer as soon as possible to discuss potential solutions or adjustments.


Easybuy offers a promising solution for many in Nigeria, making technology and other goods more accessible through manageable payment plans. It’s a testament to the evolving financial landscape and the innovative ways businesses are addressing consumer needs.

As with any financial service, it’s crucial to understand all aspects of the agreement fully and consider your financial stability to ensure it’s a beneficial arrangement.


1. What types of products can I purchase with Easybuy in Nigeria?

Easybuy primarily focuses on smartphones and electronics. You can visit partnered retail stores to find out the specific range of products available under their plan.

2. Is Easybuy available across all of Nigeria?

Easybuy is widely available in major cities and towns throughout Nigeria. However, availability might vary, so it’s best to check the nearest partner retailer or their website for specific details.

3. What are the typical interest rates for Easybuy’s installment plans?

Interest rates can vary based on the product’s price, repayment term, and other factors. It’s crucial to discuss and understand the specific rates applied to your purchase plan.

4. Can I pay off my Easybuy plan early?

Yes, in most cases, you can settle your balance early. It’s advisable to discuss early repayment policies to understand if any savings or penalties apply.

5. What happens if I miss a payment on my Easybuy plan?

Missing a payment can incur additional fees and affect your credit score. Continual missed payments might lead to recovery actions. It’s vital to contact Easybuy or the retailer immediately if you anticipate payment issues.