Best Buy Now Pay Later Platforms in Nigeria (2022)

If you’re a Nigerian with the required documents to Buy Now and Pay Later, you might want to check out the best Buy Now Pay Later platforms in Nigeria listed in this article. These platforms allow you to get an item and pay it back in instalments.

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 in instalments.

Sometimes you can pay for them at a discounted price and you’ll come to get them after you’ve completed your payments. Unlike websites that offer a Pay-On-Delivery payment option, ‘Buy Now Pay Later’ stores offer a payment option that 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 and pay later.

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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 license, National Identity Card, Voters Card or Nigeria passport)

List of the Best Buy Now Pay Later Platforms in Nigeria

After you can confirm that you have the required documents to buy now and pay later, you can now proceed to check out or make little research on the following buy now pay later stores that’ll be listed in this article. They’re the best and buying on credit on their store is very easy, so now let’s see the best stores in Nigeria to Buy Now Pay Later.

1. Spredda

Spredda is an e-commerce site established in Nigeria where you can buy home appliances, electronics, mobile phones, furniture, computers, generators, fashion and beauty products, and 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.

When you buy now pay later using the PayQart option, it means you’re allowed to take the item with you and you’ll be given a six-month payback tenure and a little interest might apply if payment isn’t completed under six months. Lay-by on the other side doesn’t attract interest, and it lets your item be reserved for a period of three to four months with an advanced payment of 20%. Spredda is one of the Best Buy Now Pay Later Stores in Nigeria and they have a good customer relationship.

2. Easybuy

Easybuy is a mobile-based loan app in Nigeria, and it’s one of the best loan apps in Nigeria, 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 instalments. Buy Now Pay Later is very easy on Easybuy and this is how it’s done.

If you want to buy a device on Easybuy, you’ll need to pay at least 30% of the price for the device you want to get, and you’ll be asked for the tenures you’ll use in completing your payment, you can choose between 3 to 6 months. You will need to link your bank account and the amount you agree to pay monthly will be debited from your account until you’ve completed all payments. Easybuy offer one of the Best Buy Now Pay Later Stores in Nigeria and this platform is owned and operated by Palmcredit.

How EasyBuy Works For Shoppers

Go to EasyBuy supported merchants
Tell the merchant you want to pay with EasyBuy
Sign up and submit all necessary documents including your salary statement, valid ID and BVN
Choose installment package 3 or 6 months plan
Pay 30% down payment of the device
Pick your flexible repayment plan
Take your device home

Buy Now Pay Later Stores in Nigeria Powered By EasyBuy

Tecno
Infinix
Itel
Apple;
Oppo
Gionee
MI
3CHub

How EasyBuy Works for Merchants

Sign up with EasyBuy as merchant
Provide your business data and physical location
Once approved, EasyBuy will provide all easy sign up process for your customers
As a merchant you will be able to accept customer data and ATM card details for repayment
Interest rate start at 6% per month

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.

On CDcare, buyers are given a payment scheme that’ll help them pay an equal amount weekly or monthly when they buy an item. If a customer makes a 50 per cent instalment, the item will be delivered and the rest of the payment will continue after that, a buyer can set how he or she wants to pay and all will be reviewed. CDcare is very easy to use and it’s one of the Best Buy Now Pay Later Stores in Nigeria.

4. The Alternative Mall

The Alternative Mall is an e-commerce website based 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 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.

Shopping at The Alternative Mall is very easy, you can buy now and pay later within 12 months, you don’t need to deposit any amount and you will be billed based on your annual income, and that only attracts 33.3% of it. If you meet the certain criteria needed, you’ll need to create a SAF account that’ll be used as a repayment account. The Alternative Mall is one of the Best Buy Now Pay Later Stores in Nigeria.

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 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.

Well, they have certain policies which they apply to their Layaway. Zoomba is friendly but a bit strict with its policies because they don’t condone nonsense from customers who are ready to breach its policies. But if you’re looking for a store to buy now and pay later in Nigeria, you can always trust them to be at your rescue.

6. PayQart

PayQart is one of the buy now pay later platforms in Nigeria that allows its users to pay for goods and services in installments.

As a shopper, you can checkout with merchants that support PayQart as payment option and enjoy the opportunity of paying small small.

As a retailer that signs up with them, they can offer their customers the payment option to buy now pay later without any collateral or paperwork.

PayQart has a flexible repayment option, once you are approved as a shopper, you can decide to opt in for repayment every week or monthly over a period of 2-6months.

How PayQart Works For Shoppers

Go to any merchant that support PayQart
Shop minimum of 50,000 Naira worth of goods or services
Checkout with PayQart as payment option
Sign up or sign in into your PayQart account and complete the application
Once you are approved, payment will be made on your behalf.

Buy Now Pay Later Stores in Nigeria Powered By PayQart

PayQart support both online and in-store stores

Spredda
LG
Zerofinance
Nexus
Panasonic
Samsung
Reohob
Tecno

How PayQart Works For Merchants

Sign up as merchant
As a merchant, you will be able to allow your customers to checkout with PayQart as payment option
Capture and process the purchase once approved.
Funds are settled after delivery
Your customers sign up with PayQart to complete transaction
Payment will be settled with PayQart over time
PayQart Interest rate for merchants start at 1.75% per month/per customer

As a merchant, you can connect your store with PayQart through an easy to install plugin or restful API.

7. CredPal

CredPal is a buy and pay later technology company in Nigeria that allows businesses and shoppers to buy anything across online and offline stores by providing them with instant access to credit at the point of checkout.

With Credpal, you can enjoy the flexible payment of buying now and pay later in installments that can range between 6 to 12 months depending on your credit score.

Business owners can also sign up as merchants to offer installments payment to their customers through Credpal.

Merchants that use CredPal can also take the advantage to access business credit to support operational cash flow.

As a shopper, once you meet their loan requirements, Credpal will provide credit that can cover anything you buy.

This entails that through Credpal buy now pay later in Nigeria, you can make purchases, enjoy splendid experience, travel to the destination of choice without having to pay the entire cost upfront.

For shoppers that payback their loan within 30 days enjoy 0% interest rate.

How Credpal Works For Shoppers

Download the app
Sign up if you are new or sign in if you are an existing customer
Submit your BVN and bank statement and fill in other requirements
Apply for a credit card
The amount given is dependent on your credit scores
Shop on supported stores and checkout with Credpal as payment option
Complete your transaction

If you are in-store and trying to use Credpal, simply let the cashier know you want to use Credpal to pay and you will be directed on the necessary steps to take.

But ensure you already sign up and meet their requirement to avoid wasting of time.

Buy Now Pay Later Stores in Nigeria Powered By Credpal

Through partnership with these stores, Nigerians are served the buy now pay later payment option with Credpal.

You can buy anything on sale through these merchants that ranges from everyday essentials including Bills and shopping needs like electronics, laptop, mobile and accessories and pay in 2, 6 or 12 months.

Shoprite
Slot
Jumia Food
Hard Rock Cafe
Pointek
Bukkahut
Image Stores
Airtel
Cakehub
Mykonos on the roof
Joffe hut
Adidas
Precise
LG
Sales 366
Sketchers
Just rite
Fixit45
Dream works

How Credpal Works For Merchants

Sign Up as a Merchant
Provide all necessary documents including CAC Certificate
Integrate Credpal plugin as payment option
Customer checkout their order with Credpal
You get notified once an order is confirmed and payment will be made to you 100% immediately.
Customers can also pay with the CredPal app or scan your unique QR code to pay.

8. Paywithspecta

When it comes to companies that offer buy now pay later in Nigeria, Paywithspecta is no doubt one of the top-notches.

Paywithspecta gives its users a digital spending limit that can be used to make purchases from merchants both in-store and online.

30% of the spending limit can be accessed as cash to make purchases from merchants yet to sign up for Pay with Specta or for your personal needs.

You are not charged interest and fees when you purchase and choose to repay in 1 to 3 installments.

However, you can get charged when you spread your repayments between 7 to 12 months for purchases at any supported partner stores.

How Paywithspecta Works For Shoppers

Have an account with Sterling Bank or Simply open one online
Sign up Paywithspecta with phone number associated with your BVN
From your dashboard, click “Get your spending limit
Fill in your personal information
Complete your bank information
Provide your account information
Once approved, spending limit will be displayed on your dashboard
With your Specta ID, you can make purchases at any supported merchants (in-store or online)
Enter your Specta ID on supported partners and choose tenor for repayment to proceed.
An OTP would be sent to the phone number attached to your BVN.
Input the OTP to complete the transaction.

Note: Spending limit is valid for 3 months and can be renewed instantly.

Buy Now Pay Later Stores in Nigeria Powered By Paywithspecta

JustFones
Slot
Cars45
Jamara Home
JMG ltd
DOe Resources
Elveco Stores
AdvanceCare Medicals
Autochek
Imperium
Allbase Global Energy
Just Fragrance
Argone
Zoomba Digitals
Shopaz Hub
LG
Mutual Benefits Life Insurance

How Paywithspecta Works For Merchants

Sign up or open account with Sterling Bank
Sign Up Paywithspecta for business with phone number associated with your BVN
Link your payment gateway to offer Paywithspecta as payment option

How To Boost Your Buisness With Paywithspecta

Sign up or open account with Sterling Bank
Sign Up Paywithspecta for business with phone number associated with your BVN
Click “Get Credit Limit” on the “Specta for Business” page to start your journey.
Verify your company details
Fill in your personal information
Complete your bank information
Provide your account information
Once approve, digital credit limit will display on your dashboard
100% of the digital spending limit can be accessed as cash to support and boost your business.

Note:

You can get upto 2,000,000 Naira however, you must have a good credit history of your company and yourself
You need 6 months consistent cashflow statement in your company account
Ensure you are sole signatory to the account as multiple signatories are excluded
Spending limit is valid for 3 months and can be renewed instantly

9. Payflexi

Payflexi is an all in one flexible payment gateway that gives consumers the option to pay in installments at checkout.

As a shopper, you can checkout with Payflexi on supported sites but will be required to make atleast an initial deposit of 40% and spread the other 60% over a period of 6 months.

If you would like to pay with Payflexi but don’t see it on a merchant store or website, you can email them to make a request on your behalf.

As a merchant, Payflexi simplifies billing and collection processes of both one-off and installment payment for customers at the point of checkout online or offline.

Payflexi can indeed also help you to pay your customers full amount beforehand to prevent losing orders.

As a payment gateway, you can also use it to collect upfront payment from customers.

Payflexi is currently integrated with most payment gateways and eCommerce

All payments from Payflexi are routed through your payment processors who then settles the money in your bank account.

How Payflexi Works For Shoppers

Shop your favorite item from any supported stores
At checkout, click on Payflexi
Login into your Payflexi account
Pay 40% of item purchased
Choose how you want to payback the 60% 3 or 6 Months plan
Complete your checkout process

Buy Now Pay Later Stores in Nigeria Powered By Payflexi

Oyato.ng
Ojaayo
RegalPlanet
Micserah
TravelNow
Orbitbaby
Z Mart
Smartprintsink

How Payflexi Works for Merchants

Sign up as merchant
Connect with your payment gateway
2% interest rate is applied per successful transactions
Once customer optin to pay with Payflexi
It is redirected to sign up with Payflexi
Submit necessary documents
once approved, you will be ask to pay first initial down payment
Choose how you want to repay
Complete transaction

10. Carbon Zero

Carbon Zero is one of the top apps that allow shoppers to buy now and pay later in Nigeria with atleast 25% down payment.

With Carbon Zero you don’t have to pay for your favorite item outright, you can pay in installments over a period of six months.

Carbon operates a 0% interest rate on anything you buy.

As a Carbon Zero user, you only pay the original price and spread the payment conveniently.

However, at the moment, Carbon Zero is only open to salary earners who have a verifiable source of income with monthly salary of atleast 120,000 Naira

You can split payments for any product on Carbon Zero over a period of 3 months however, you can request to extend repayments to 6 months under their terms and condition.

How Carbon Zero Works for Shoppers

Download the app
Sign up or sign in if you are an existing customer
Go to any Carbon supported stores
Search your favorite product and checkout with Carbon Zero as payment option
Get verified
Once approved you can then choose your repayment plan which can range from 3 – 6 months
Make 25% down payment of the item.

To enjoy installment payment, you can only buy from Carbon zero supported sites.

Buy Now Pay Later Stores in Nigeria Powered By Carbon Zero

Konga
Electromart
I store
The Simba Den
Solar Flares
Piqit
Ebeosi
VG stores
Prag
Sales 366
Ansvel
Babbliss
Argonne World

How Carbon Zero Works for Merchants

Sign up
Provide business documents including your CAC
Get verified
Once approved, you will be able to offer carbon zero as payment option

You can also apply to become a Carbon Zero merchant by sending an email to carbonzero@getcarbon.co with the following information:

Your business name
The type of products you sell
Your business location
Proof that your business is registered in Nigeria

11. Afterpay

Afterpay is a financial technology company that lets you buy what you want to buy today and pay for it in four equal installment with free interest.

However, a compulsory 25% payment will be required before you can take home your purchase item and spread the other 75% payment into 3 equal installment period.

Merchant can also take this advantage to offer their customers the opportunity to buy now pay later without stress.

Afterpay has order and account limits which start low and only increase once you’ve establish a consistent repayment track record.

How Afterpay Works For Shoppers

Go to any Afterpay supported sites
Search your favorite item
Checkout as normal and select Afterpay as your payment option
Sign in or sign up to complete your order
Pay atleast 25% down payment
Selected your repayment schedule

Buy Now Pay Later Stores in Nigeria Powered By Afterpay

Shopsfit ng
Makarfi
Wearestallion
Cosmospay
Shopnaijakids
Lagostraffic

How Afterpay Works For Merchants

Sign up as Merchant
Submit all necessary documents
Wait to get approved.
Once you are approved, you can then integrate the app to offer your customers the opportunity to buy now and pay later through Afterpay.

Conclusion

Buy Now Pay Later in Nigeria allows you to spread your payment for items purchased, into convenient installments.

Usually, the amount given is determined by the value of what you can buy and this is tied to your credit score – an algorithm that checks your financial reputation online and offline and rates you based on those metrics.

If you have good record with any loan platforms, there are positive chances of you getting a better credit score.

Notwithstanding, you have to be careful with loan sharks trending around on the internet, since most of the buy now pay later platforms collect sensitive data, you have to be sure of the platform you are dealing with.

Above lists are the top 7 reliable and trusted platforms you can use to get that item you desire now and pay over a period of time conveniently.

Any merchant not using any of these platforms as payment gateway to access items and pay in installments, then be very careful, it might be a sign of a store that want to scam you.

Although there are some standalone stores that offer this opportunity to pay small small across the web in Nigeria and the world at large. notwithstanding care has to be taken and always apply the golden rule of shopping online by ensuring that the store is real and actually is a store you can shop with positive review around the web.