Do financial constraints keep you from getting the latest smartphone models? Look no further than MTN Device Financing, the ultimate solution that offers affordability and flexibility in upgrading your mobile devices. This article will guide you through the process of obtaining a new smartphone through MTN Device Financing, ensuring that you can experience the wonders of the smartphone world without breaking the bank.
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What is the MTN Device Financing Scheme
MTN recognizes the challenges individuals face when it comes to purchasing their desired smartphones while adhering to their budgetary limitations. In response, MTN offers a solution called MTN Device Financing, which aims to provide a convenient and cost-effective means of acquiring smartphones. This service enables customers to fulfill their smartphone aspirations without experiencing financial strain. With flexible payment options and competitive rates, MTN Device Financing strives to make the process of obtaining dream phones seamless and accessible. Through this offering, MTN aims to empower customers to embrace the latest technology and stay connected with the world, tailored to their needs and preferences.
How Does MTN Device Financing Work?
The process is simple and straightforward. To begin, make sure you have an active MTN phone number, a valid means of identification like your NIN or Driver’s License, and your BVN. Keep in mind that depending on the specific device and plan you select, you may need to make an initial down payment. However, you can conveniently spread the remaining balance over a period of 6 to 12 months.
Monthly Repayment Options
One of the key benefits of MTN Device Financing is the flexibility it offers in terms of repayment. You can choose to make your monthly repayments either via airtime or cash, allowing you to select the option that best suits your preferences and convenience.
How to Apply for MTN Device Financing
Now that you understand the basics of MTN Device Financing, it’s time to apply for the plan that suits your needs and preferences. There are two financing partners through which you can access the MTN device financing plans they include:
1. MTN – Intelligra Bundle:
The MTN – Intelligra Bundle is a unique service that lets you sign up for a package from MTN that includes Data, Voice, SMS, and a “free” Device. The deal comes with a contract that you pay for every month for a specific number of months, which can be anywhere from 6 to 12 months.
To apply using the Intelligra bundle, visit the MTN – Intelligra Bundle website or contact your nearest MTN store.
Phone prices, payment plans, and deposit fees
| Payment Plan Name | Upfront Deposit: 6 Months Plan | Upfront Deposit: 9 Months Plan | Upfront Deposit: 12 Month plan |
| U5 Plus/Nokia C10 Bundle | 18,000 | 9000 | 0 |
| ISL 1 Bundle | 26,000 | 12,500 | 0 |
| ISL 2 Bundle | 30,000 | 14500 | 0 |
| ISL 3 Bundle | 38,500 | 18,000 | 0 |
| ISL 4 Bundle | 46,000 | 21,750 | 0 |
| ISL 5 Bundle | 61,500 | 29,000 | 0 |
| ISL 6 Bundle | 94,000 | 44,000 | 0 |
| ISL 7 Bundle | 100,000 | 47,000 | 0 |
| ISL 8 Bundle | 0 | 0 | 127,000 |
| ISL 9 Bundle | 0 | 0 | 190,000 |
| ISL 10 Bundle | 0 | 0 | 270,000 |
2. MTN – MKOPA Device Financing offer:
MTN and MKOPA have partnered to make this Device Financing Offer possible. It lets MTN users buy a smartphone and pay for it over 4 to 12 months. This new “Pay-As-You-Go” financing plan also lets you get free 150MB of weekly data on your smartphone every month from the first day of the payback period. You’ll also get 100% extra data when you buy certain data packages for 6 months.
To apply using the MTN-MKOPA, visit the MTN website or contact your nearest MTN store. An MTN staff will guide you through the available options and help you select the smartphone that best matches your preferences and budget.
Phone prices, payment plans, and deposit fees
| Payment Plan Name | Upfront Deposit | 6 Months Plan |
| Samsung A03 Core (2GB RAM/32GB) | 17,000 | 3,689 |
| Samsung A03 Core 3/32 | 21,000 | 4,186 |
| Samsung A13 4/64 | 33,000 | 6076 |
| Samsung A23 4/64 | 71,000 | 6,636 |
| Samsung A33 6/128 | 98,000 | 9,401 |
| Nokia C21+ 2/64 | 22,000 | 3,962 |
| Nokia C30 2/32 | 26,000 | 4,200 |
| Nokia G21 4/64 | 27,000 | 5,180 |
| Nokia X10 6/128 (5G) | 79,000 | 6867 |
How to pay your monthly loan?
You can pay your monthly commitment by simply recharging your MTN number with the monthly bundle fee using the Customer360 app, which will be installed on your chosen device during your purchase at the store, you can easily manage your payments. Please refer to the visual guide below:
- Open your Customer360 app and tap the three lines next to the Home icon.
- Select “Account Top-up” and enter your recharge pin.
- Choose “Fund account” to complete the transaction. Refer to figures 1 and 2 for visual assistance.
Additionally, you have the option to make your monthly payment by recharging your main account. It’s important to note that only the full monthly payment can be made using either your dedicated Customer360 account or your main account.
Benefits of MTN Device Financing
- Affordability: MTN Device Financing allows you to overcome financial barriers and access your desired smartphone without straining your budget.
- Flexibility: With flexible repayment options and a choice of repayment methods, you can customize your payment schedule according to your convenience.
- Wide Range of Smartphones: MTN offers a diverse selection of smartphones, ensuring that there is a device suitable for everyone’s needs and preferences.
- Convenience: The application process is hassle-free, and MTN dedicated team is available to assist you throughout the process, making it a convenient and user-friendly experience.
Conclusion
Thanks to MTN Device Financing, you no longer have to compromise on your smartphone dreams. Upgrade to a new world of smartphone experiences by taking advantage of the affordable and flexible financing options. Simply gather the required documents, make your down payment if applicable, and start enjoying the benefits of your new smartphone.