Yes, it is possible to finance any phone listed on the T mobile store of Metros. It allows a customer to finance a smartphone at a low cost. Since they have collaborated with SmartPay to take care of the loans. It is done in various ways. One is by using a phone financing program for personal use and, the other is through Metro PCS business plan. It is a great plan. To give such a scheme, the Metro PCS partners with different organizations that sanction loans such as SmartPay or Billflaot, etc.
The Financing Policy of Metro PCS
It is a prepaid wireless service to avail of a new smartphone. Some smartphones are given on the spot others can be accessed through nearby mobile stores. Smart Pay which is a third-party lender, is used as a payment option on these stores.
One thing to keep in mind is that this program is not from the T mobiles and their value plans. Hence, it should not be confused with it. T mobile all programs can be differentiated from these finance programs through the service agreement which they require from their subscribers. That is to sign a two-year contract with them.
The eligibility criteria for the subscribers to finance a phone through SmartPay
Following are the eligibility criteria for the subscribers:-
One should be above 18 years of age. The person should have a social security number. The person must hold a debit/credit card. Earn a minimum income of 1000 dollars per month before paying taxes.
If the above criteria are met then you can apply for the program on the official website or any physical store. After your application is received, Smart Pay will verify the person and the credit score to check whether you match the eligibility standards or not. If you fulfill all their criteria, you can make a purchase.
What are the deals which the Metro PCS offers to its subscribers?
It can be used to purchase an iPhone or Google Pixel. Other than these cheap phones are also available to buy. The complete list of the mobile phones under this scheme is visible in the store. Some of the deals are iPhone 12/21 pro with 200$ off on the initial price. It applies to iPhone 11 also. iPhone SE for only 49. 99 dollars, Samsung Galaxy A21 for free. Suppose activating a new line of Metro PCS.
Other than there is a provision of unlimited data worth 40 dollars per month for all the new subscribers. It is for them also who are switching from another carrier of Metro. Along with unlimited data, one can enjoy the T Mobile 5G network absolutely for free. This 5G network access is offered to the subscribers at no extra cost.
Conclusion
Metro PCS finance phones by not being alone. It offers phones with the help of a third party who is ready to lend a loan to the subscribers. One such lender is SmartPay which sanctions loans to the subscribers along with some attractive deals. Before taking advantage of such schemes, every customer should thoroughly understand all the rules and regulations. Like how much amount you need to pay, the time to repay the loan amount, etc.
Q.1) What features does this program offer?
Ans. This financing program is only for the 4G users. Additional 60 days are given to the users for payment of the purchased smartphone. All smartphones have an APR of 36 percent. In addition to this, Billfloat charges an access fee of about 8.95 to 17.95 dollars. This access fee depends on the total billing amount which a subscriber needs to pay.
Q.2) What is the best suitable method for the subscribers to finance a phone under Metro PCS?
Ans. The best way to use the SmartPay option on a physical store. Visit www.smartpaylease.com and read all the guidelines before the final purchase. The services can be availed through the website also if going to the store is not possible.
Q.3) What does it mean to finance a phone through Metro?
Ans. If a person does not have money and wants to buy a phone, then they can finance a phone. In this case, one has to make a small payment initially and can get a brand new phone and pay monthly installments till the complete payment of the phone is made.
