₦airaland Forum

Abdulazeez99:
Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion.

Victor Etuokwu, Executive Director, Retail Banking, said in a statement on Wednesday in Lagos that the loan would provide more Nigerians with access to credit under its Device Finance scheme.

The Device Finance scheme is designed to provide customers on salary income with the opportunity to purchase smartphones of their choice and pay over a period of 12 months.

“Access Bank has taken the initiative to lead the digitization of lending in Nigeria and wants every customer to benefit from the modern connected lifestyle.

“Through our revolutionary and ground-breaking credit schemes such as Device Finance, we will see more Nigerians get connected to do more business online and enjoy social lifestyle of their choice,” he said.

Etuokwu said that the financing scheme currently includes smartphone devices with prices ranging from N12,500 to N325,000, at competitive market prices, spread across a 12-month repayment period, Igbere TV reports.



Source; http://igberetvnews.com/899972/just-in-access-bank-introduces-loan-for-smartphone-purchase/

BarryX:
Somehow, the new Fintech companies has made some of these commercial banks to think beyond the box they gave themselves.

Good to know

https://barody.com.ng is among the startups disrupting the cyber space!
I'm proud of them basically

EDITED:

Some people are missing the point in its entirety! A smartphone to some online businesses is 90% of the asset. Because you only nairaland with your phone doesn't mean others are not making millions from it.

Yes I will gladly take a loan to buy an IPhone 8 if I'm a photographer! I will take a loan to buy a smartphone if I run an Instagram business!
O
Don't dull yourselves fam

helinues:
The billionaires, if the are so rich, they would have paid AMCON and remove their names from the list.

If they pay all their debts, both banks and AMCON, majority will dropped to millionaire..

So which kind fake billionaire you be with loans everywhere

grayht:
Nonsense development!
Why not create loans to assist small scale entrepreneurs

helinues:
Anything loan is not good for someone's health.

People will take a loan for business with 15% interest rate.. Meanwhile, the expectations profits from the business is not up to 15%.

If Majority of the acclaimed Nigeria Billionaires paid all their debts with AMCON and banks, most will dropped to millionaire categories

Simply, they are fake billionaires

supportnija:
Never collect loan for anything that can be easily stolen, what if these good boy collect from you.

RockHard:
Stupid concept in my opinion. Taking a loan to buy phone should not be encouraged. People should buy only the grade of phones they can afford. Getting into debt over a phone is stupid. What if the phone gets stolen, Shey dem go do insurance for the phone as well?

MRsettingz:
pls am a Nigerian, and how do I apply for one?

Getting that Samsung note 10 seriously on my mind, nothing would make me so happy

helinues:
Anything loan is not good for someone's health.

People will take a loan for business with 15% interest rate.. Meanwhile, the expectations profits from the business is not up to 15%.

If Majority of the acclaimed Nigeria Billionaires paid all their debts with AMCON and banks, most will dropped to millionaire categories

Simply, they are fake billionaires

supportnija:
Never collect loan for anything that can be easily stolen, what if these good boy collect from you.

RockHard:
Stupid concept in my opinion. Taking a loan to buy phone should not be encouraged. People should buy only the grade of phones they can afford. Getting into debt over a phone is stupid. What if the phone gets stolen, Shey dem go do insurance for the phone as well?

Abdulazeez99:
Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion.

Victor Etuokwu, Executive Director, Retail Banking, said in a statement on Wednesday in Lagos that the loan would provide more Nigerians with access to credit under its Device Finance scheme.

The Device Finance scheme is designed to provide customers on salary income with the opportunity to purchase smartphones of their choice and pay over a period of 12 months.

“Access Bank has taken the initiative to lead the digitization of lending in Nigeria and wants every customer to benefit from the modern connected lifestyle.


A good move by Access Bank, this is what is obtainable outside the country and should be extended to essential products.

The real catch will be what the customers will be paying back as interest or is it zero interest?
“Through our revolutionary and ground-breaking credit schemes such as Device Finance, we will see more Nigerians get connected to do more business online and enjoy social lifestyle of their choice,” he said.

Etuokwu said that the financing scheme currently includes smartphone devices with prices ranging from N12,500 to N325,000, at competitive market prices, spread across a 12-month repayment period, Igbere TV reports.



Source; http://igberetvnews.com/899972/just-in-access-bank-introduces-loan-for-smartphone-purchase/

Howmon:
They have loan for businesses called instant business loan. It's available on the same quick bucks app. They have loads of loan products for different category of people

DameB:
How are they sure non-salary earners will pay back?
Inasmuch as they want to appear as if they care about their customers, in all honesty they are more concerned about how they will recover their money (+profit)....
It's a business... They have BOD & shareholders wallets to fatten

Howmon:
They have loan for businesses called instant business loan. It's available on the same quick bucks app. They have loads of loan products for different category of people

Howmon:
They have loan for businesses called instant business loan. It's available on the same quick bucks app. They have loads of loan products for different category of people

yussuf492:
I bought a phone recently with easybuy loan... . Brother I'm still regretting....

yussuf492:
I bought a phone recently with easybuy loan... . Brother I'm still regretting....

dingbang:
Lol it is a wrong move to take a loan to buy a phone.