Slot systems limited (a mobile devices and accessories retail company) has struck a partnership deal with Samsung(a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea) and Access Bank(a Nigerian multinational commercial bank, owned by Access Bank Group) to help salary earners who are Access bank customers afford the Samsung Galaxy S22 series.
The deal allows salary earners who are Access Bank customers to get a device finance loan, with a 50 per cent discount on the interest rate, for the purchase of any of the high-end Samsung Galaxy S22 series from the 75 Slot retail outlets across the country. This loan is to be accessed through an app called QuickBucks.
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To qualify for this device finance loan, customers must meet the bank’s lending risk acceptance criteria and must earn a minimum salary of N40, 000.
Through the scheme, qualified Access Bank customers will be able to own one of the Galaxy S22 Series without making any initial deposit.
About Samsung Galaxy S22 Series
The Galaxy S22 series comes in three models, Galaxy S22 hands-on, Galaxy S22 Plus, and Galaxy Ultra. While the Galaxy S22 Ultra comes with advanced features including an S Pen, the Galaxy S22 and S22 Plus are user-friendly devices, with familiar designs. With price of these devices ranging from N650, 000 to N895, 000, customers can also swap their old Samsung phones with any of the models of the Galaxy S22 series.
What They Have To Say About The Partnership
Speaking about the partnership, CEO Slot System, Mr Nnamdi Ezeigbo said: “We believe in collaboration for value. Our vision is to become the most customer-centric outfit in Africa. We believe that value creation is the most important DNA any business organization should have and that is why we are always ready to go with companies who share the same vision with us. To be able to succeed in business in Africa, one has to understand the people, their economy and their purchasing power. So, having chosen Samsung and Access bank is about the best deal for the people”
Also, Executive Director, Personal Banking, Access Bank, Victor Etuokwo said: “In Access bank we believe the fact one does not have money, should not stop him from accessing the goods and services he needs. The partnership reinforces the value we placed on humanity which has earned us the enviable customer base we enjoy today”
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The spokesperson for Samsung, Joy Tim-Ayoola said: “This is the coming together of three world class institutions driven by the passion to serve the people. That’s why we tagged it unstoppable together”.
The device financing loan is available to the bank’s customers from March 11, 2022. The interest rate which was reduced to 50% is as low as 13.5 per cent flat per annum and approximately 1.1 per cent monthly.
The loan is expected to be paid back in full to the bank by customers in 12 months. The loan which does not require a down payment or equity contribution will help Nigerians who are Access bank customers afford the Samsung smartphone with ease.