Right now, many people in Nigeria are struggling to afford basic things because prices are going up fast. To help with this, Lami Fragrance online store now offers a “Buy Now, Pay Later” (BNPL) payment option to ensure affordable shopping.
How are we able to do this? By allowing you to pay for items over time rather than all at once, we have partnered with Credit Direct Limited, a financial lending company that has a license from the Central Bank of Nigeria.
What is “Buy Now, Pay Later”?
Buy Now Pay Later works like a small loan. When you choose this option, Credit Direct pays for your purchase right away. You then pay them back in smaller, easier payments over a set period. This means you can get what you need now and pay for it later.
How This Helps You
- More Affordable Shopping
You can buy things without paying the full price upfront. This is especially helpful for items you need but can’t afford immediately. - Flexible Payments:
You can manage your money better by spreading your payments out. This helps you buy what you need without messing up your budget. - Access to Important Items:
When prices rise, it can be tough to buy your perfumes or skincare products. BNPL lets you get these items right away, without waiting for more money. - No Surprise Fees:
The interest rate to use the BNPL option is 7.5% per month, according to Credit Direct. As long as you pay on time, there are no additional fees. This makes it a simple and clear way to pay. - Supporting Local Business:
When more people buy things, it helps local businesses grow, which can create jobs and boost the economy. - Learning Good Money Habits:
Using BNPL can help you learn to budget better by making sure you pay on time.
How to Use “Buy Now, Pay Later”
Using “Buy Now, Pay Later” (BNPL) is simple. Here’s how you can do it:
1. Shop as Usual: Add items to your cart on an online store that offers BNPL.
2. Select BNPL at Checkout: When you’re ready to pay, choose the “Buy Now, Pay Later” option.
3. Complete Approval Process: You may need to provide some basic information for a quick approval process by Credit Direct Limited. The buy now pay later process is quite straightforward.
4. Receive Your Items: After approval, the loan company covers your purchase, and you receive your items right away.
5. Pay in Installments: Repay the loan company in smaller, scheduled payments over time. Make sure to pay on time to avoid additional fees other than the usual 7.5% interest rate charged per month.
That’s it! Enjoy the flexibility of spreading your payments out while getting what you need right away. Check out our store and see how BNPL can make your shopping simpler and more enjoyable. Buy now pay later is truly convenient!