GET YOUR DREAM SMARTPHONE FAST, EASY, AFFORDABLE.
SMARTPHONE FINANCING
Here's how CreditHive makes smartphone financing easy for our customers through our partner stores:
EASY STEPS TO OWN YOUR DREAM SMARTPHONE
WHY CHOOSE CREDITHIVE?
FAST & HASSLE-FREE APPROVAL
AFFORDABLE INSTALLMENT PLANS
NO BANK ACCOUNT REQUIRED
OUR PRODUCT FOR OUR PARTNERS
SMARTPHONE LOCKING MECHANISM FOR FINANCING – HOW IT WORKS
At CreditHive, our smartphone financing model ensures affordability and responsible repayments while securing our assets through a smart device locking mechanism.
Here's how it works:
Locking Mechanism: Ensuring On-Time Payments & Security
ENROLLMENT
Once a customer opts for smartphone financing, the device is registered on CreditHive’s system with pre-installed locking software.
TRACKING
& REMINDERS
Customers receive automated reminders via SMS or app notifications before their installment due date.
Payments can be made through integrated mobile money, bank transfers, or other supported methods.
& SERVICE
SUSPENSION
Customers are notified about potential consequences of non-payment.
If the due date is missed and payment is not received, the smartphone enters a restricted mode, allowing only emergency calls and limited access to essential apps (e.g., calling customer service or making payments).
This serves as a strong reminder to clear dues.
Once the payment is made, the lock is lifted, and full access is restored instantly.
OR ALTERNATIVE
SOLUTIONS
If a customer defaults beyond a set period, further actions such as retrieval or alternative financing solutions may be considered.