Addresses for Phone Installment, Simple Procedures

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Addresses for Phone Installment, Simple Procedures

Instead of choosing to buy and pay at once using traditional methods, now consumers can easily own smartphones by purchasing monthly installments with 0% interest. So, what is the essence of installment plans? Where are the reliable addresses for phone installment with simple procedures? Below are detailed answers for you.

With the development of society, the demand for using smartphones and the utilities of people are increasing. However, with relatively high prices, not everyone has enough cash to pay in one go for their favorite phone. To solve this problem, many people choose to buy phones with 0% interest installment plans for a period of 6 - 12 months at phone stores, electronics retail chains through financial companies, or via bank credit cards,...

Top reliable phone stores offering the best installment plans today

If you're looking to buy a phone through an installment plan, you need to check out our article sharing the top addresses, places selling phones with simple procedures, diverse payment methods, and returns.

Addresses for Phone Installment, Simple Procedures

1. What is Phone Installment?

Phone installment is a method of selling phones where the buyer can make an upfront payment for a part of the phone's value and continue to pay the remaining amount monthly over a specified period (usually 6 months, 9 months, 1 year,...)

The installment period depends on the agreement between the buyer, seller, and the service provider offering the installment service.

Common phone installment methods in the market

- Phone installment through financial institutions: Home Credit, FE Credit, Mcredit, HDSaiSon, Mirae Asset, etc.: Buyers use personal credibility to borrow money for phones from financial companies without collateral, notarized documents, proof of financial status, etc.

- Phone installment through credit cards: Buyers use credit cards to pay for the phone's value and pay gradually over a period of 6 - 12 months without requiring any additional documents (ID, collateral, proof of income, etc.).

- Phone installment through online payment systems of banks (Alepay Online, MPOS, etc.): This is an online phone installment method where buyers perform online payment and installment transactions at home through credit cards.

2. Reliable Stores for Phone Installment, Simple Procedures

2.1. Thegioididong

As the leading retail chain of electronic devices in Vietnam in terms of revenue and profit, thegioididong is the preferred choice for many consumers when it comes to purchasing the latest mobile devices from renowned phone brands such as iPhone, Samsung, Sphone, etc.

Choosing Thegioididong as the place to buy phones on installment, you can flexibly select installment plans from financial providers like Home Credit, FE Credit, ACS, Mcredit, or opt for installment through Visa, Master, JCB credit cards with 0% interest.

Learn more: How to buy on installment at Thegioididong

* Eligibility criteria for phone installment at Thegioididong:

- Age range: 20 - 60 years old
- Valid ID card/residence book (the buyer must be listed in the household registration book). For loans under 10 million VND, a driver's license can be used as an alternative.

To inquire about purchasing phones on installment at Thegioididong, you can refer to:

- Thegioididong website. Click to access quickly
- Hotline for ordering, information inquiries, and installment phone purchase procedures: 18001763

Note: To enjoy the most favorable installment interest rate at Thegioididong (potentially reduced by an additional 5 - 7% per year), you need to supplement additional documents such as utility bills, salary statements, labor contracts, insurance contracts, etc., in your credit file.

Buying phones on installment at Thegioididong, procedures, and the phone models currently available for installment.

2.2. FPT Shop

In collaboration with 5 renowned financial companies including Home Credit (PPF), FE Credit (VPBank), Mirae Asset, HD Saison, and ACS, when you choose FPT Shop, you will receive advice on selecting mobile products suitable for your preferences and personal finances. Moreover, you can make phone installment purchases without collateral, financial proof, or notarized documents.

* Conditions for buying phones on installment at FPT Shop:

- Being a Vietnamese citizen, aged 18 and above
- Possessing a valid ID card. For high-value loans (>10 million VND), additional documents such as household registration/driver's license, utility bills, the latest salary statements, etc., may be required.
Currently, you can easily contact and register for phone installment purchases at FPT Shop as follows:
- Refer to the website:
- FPT Shop phone installment advisory hotline: 18006601

Phone models available for installment at FPT Shop

Note: Currently, both FPT Shop and Thegioididong have implemented online installment purchase programs for customers. Accordingly, the steps of choosing to purchase phones on installment, processing applications, and credit profile assessment are all conducted online. After profile assessment, you only need to bring the original documents to FPT Shop's store system, sign the credit contract, and receive the phone at home.

2.3. CellphoneS

Similar to the two giants in the mobile retail market, CellphoneS is also a reputable store for buying phones on installment, well-known to many customers. Collaborating with major financial companies such as Home Credit, FE CREDIT, HD Saigon, Mirae Asset, and banks like VPbank, Techcombank, Fecredit, Tpbank to provide both offline (in-store) and online (via credit card) installment plans with 0% interest or 0 VND for customers. In addition to diversifying installment payment methods, CellphoneS also offers various attractive promotional options to make it easier for customers to decide on purchasing the latest smartphones.

* Conditions for buying phones on installment at CellphoneS:

- Customers must be Vietnamese citizens, aged 19 to 60
- Valid ID card (photo of both sides)
- Photo copy of household registration (the entire book including blank pages) or photo of driver's license (both sides)

For quick and easy advice on purchasing and support for financing your phone at CellphoneS, you can contact:

- CellphoneS Website. Click to access quickly
- Hotline for buying and selling advice: 18002097

Note: Currently, CellphoneS only offers phone installment plans at CellphoneS stores. To purchase a phone on installment, you can check out the available models on the CellphoneS.com.vn website, bring all necessary documents to the store for assistance with the installment purchase process.

The phone models currently available on installment at CellphoneS

2.4. Viettel Store

With numerous benefits for customers, such as 0% installment plans over a period of 6 to 12 months via credit card, discounts on accessories, and gifts, Viettel Store is a reputable destination for purchasing phones on installment with simple and easy procedures.

* Conditions for online phone installment purchase at Viettel Store:

- Age from 20 to 60 years old.
- Valid ID card + household registration or driver's license copy.

For high-value loan contracts, financial partners may request additional related documents such as utility bills, salary statements, etc.

To inquire about online phone installment purchases at Viettel Store, please contact:

- Website Viettel Store. Quick access
- Hotline: 18008123

Buying phones on installment online at Viettel Store: Popular phone models

Apart from the mentioned stores offering phone installment plans, you can also explore competitive options with comprehensive warranties, reliable exchanges, trusted by many consumers, such as:

+ Dien May Xanh (website dienmayxanh.com, hotline 1800.1061)
+ Mobile Viet (website didongviet.vn, hotline 1800.6018)
+ Truesmart (website truesmart.com.vn, hotline 0948.122.666 - 0948.122.666)
+ Dien May Cho Lon (website dienmaycholon.vn, hotline 028 38363388)
+ Buy installment at online marketplaces like Tiki, Lazada,..
....

Note: Installment conditions for students buying phones

Conditions and procedures for phone installment purchases at various stores, supermarkets for student customers often require different documents. The details of the required documents include:

- Valid ID card/citizen ID card

- Student ID card and receipt of the most recent semester's tuition fee payment.

- Family household registration book

- Certified copy of the ID card of Father or Mother, with a validity period of 6 months

3. Procedures for buying phones on installment at various stores and electronics supermarkets.

Step 1: Visit the website of the phone stores, electronics supermarket chains, choose the suitable phone product

Step 2: Click on installment purchase, choose the financial company/installment payment method, and the installment period

Step 3: Fill in personal information, address, choose the nearest store/supermarket to complete the phone installment purchase process.

Step 4: Wait for the financial company to confirm the installment purchase and assess the application

Step 5: Bring necessary documents, original copies to the nearest store, electronics supermarket to sign the credit contract and receive the phone.

4. Important notes when buying phones on installment

- After signing the installment purchase contract, you cannot cancel the contract in the middle. Therefore, consider the type, color, and features of the phone you want to buy on installment at the above stores, electronics supermarkets.
- Usually, buying phones with financial organizations, banks comes with a 0% interest rate. However, for any installment credit contract, you may have to pay additional fees such as consulting fees, document management, loan insurance, etc., or bear interest for late credit card payments according to the regulations of financial companies, banks. Also, consider your personal financial ability to choose the installment plan, suitable repayment period (the longer the borrowing and repayment period, the higher the amount you have to pay).
- Ways to get approved quickly for phone installment applications:
+ Good credit score: You need to have a good credit history (borrowing, repaying on time). If you still have an ongoing installment contract with previous financial companies, banks, it's necessary to settle these before applying for a new phone installment.
+ Accurate profile, information provided: Prepare all necessary documents such as ID card, household registration book, driver's license, salary statement, etc., contact information of relatives (siblings, friends, those who know about your installment application) to submit to the application review board of financial companies.

5. Frequently Asked Questions When Buying Phones on Installment

5.1. Do stores accepting phone installment transactions allow you to have multiple monthly installment contracts?
Usually, banks and financial institutions will consider your individual installment contract profile to decide whether to create a new phone installment contract. However, the approval rate for installment applications in this case is not high, and you need to settle all ongoing installments within the contract period before signing new installment contracts.

5.2. If you buy phones on installment, can you enjoy promotions from manufacturers or stores?
Whether you can enjoy installment phone promotions depends on the sales policies of each manufacturer. To stay updated, you can visit the website or hotline for phone installment advice and support from different manufacturers.

Here, Mytour has provided you with reliable phone installment stores, simple procedures in the North, Central, and South regions. Hopefully, the information in this article is helpful for you, making it easy to compare prices, policies of each store, and helping you find the best place to buy phones on installment, whether online or offline.

The content is developed by the Mytour team with the aim of customer care and solely to inspire travel experiences. We do not take responsibility for or provide advice for other purposes.

If you find this article inappropriate or containing errors, please contact us via email at [email protected]

Frequently Asked Questions

What are the benefits of purchasing a smartphone through installment plans?

Purchasing a smartphone through installment plans allows consumers to own devices without paying the full price upfront. This option typically features 0% interest over a period of 6 to 12 months, making it financially manageable for buyers.

Where can I find reliable stores for phone installment purchases?

Reliable stores for phone installment purchases include Thegioididong, FPT Shop, CellphoneS, and Viettel Store. These retailers offer various payment methods and simple procedures to facilitate the buying process.

What are the typical requirements for buying phones on installment?

To buy phones on installment, you usually need to be a Vietnamese citizen, aged 18 or older, and provide a valid ID card. Additional documentation may be required for higher-value loans, such as household registration or proof of income.

Can I combine multiple installment contracts when purchasing a phone?

No, combining multiple installment contracts for new purchases is generally not allowed unless you have settled existing contracts. Financial institutions usually require a good credit history before approving new applications.

Do installment purchases qualify for promotions from manufacturers or stores?

Yes, whether you can enjoy promotions on installment purchases depends on the store's policies. It's advisable to check the specific terms on the retailer's website or contact their customer support for details.

What steps are involved in the phone installment buying process?

The steps to buy a phone on installment include choosing the device online, selecting an installment payment method, filling out personal information, waiting for approval, and then signing the contract in-store.

What are some important notes to consider when buying phones on installment?

When buying phones on installment, remember that contracts are binding and cannot be canceled. Additionally, be aware of potential extra fees and ensure your financial ability aligns with the chosen installment plan.