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Generally, you get an option to choose a time period between 3-48 months, within which you would pay the full amount. Installment purchase often comes with an interest. And, the longer the time period to pay the amount, the larger the interest fee gets.

This really depends on your financial situation, but it's safe to say that most cell phone financing plans are a decent option, as long as you're mindful of not continually taking on debt. Either way, you won't spend much extra (if any) by going with financing.

For new contracts: Original ID document (not driver's licence)*, Proof of residence (not older than 3 months), 3 months bank statements (stamped by the bank), Proof of banking details, latest payslip.

paid phone plan requires you to pay for your service in advance, meaning you can only use what you have paid for. Postpaid phone plans require you to pay for the services after you have used them. This means that you must pay the bill at the end of your billing cycle for the services you have used.

Monthly installment plans are payment plans to help you pay for a new cell phone, usually over the course of 24 months. It's basically a finance agreement, like paying for a car?instead of paying out the full price right at the start, you can spread the cost over a longer period of time.

If you pay off your Device Plan to schedule, it will simply be closed, and no more payments will be needed. If you still have an active Airtime or Data Plan, this plan will continue. If you have insurance on your device, this will also continue until you cancel your Airtime or Data Plan. Want to cancel your insurance?

Having a contract phone means that you pay a single monthly fee for a fixed period of time. Most mobile phone contracts are set at 12, 24 or 36 months and provide mobile customers with a handset and a monthly allowance of calls, data and texts.

Payment plans can make it more manageable to pay off expensive purchases. But it's essential to be aware of fees. Most issuers build fees into the monthly payment amounts instead of charging interest. You'll be paying extra money for this convenience.