Need a phone? Eight steps to instant credit with Phonetradr

instant credit

What did the credit application process look like 20 years ago? Intrusive background checks, plenty of paperwork, high interest rates and strict payment terms. But what happens when you don’t have cash on-hand or a perfect credit rating to buy something you want – perhaps a smartphone? Well, it’s a good thing it’s not 1999 anymore. The solution to this long-standing issue with the credit application process is innovative, easy to use and a first for South African consumers.

Applying for instant credit on Phonetradr with FASTA takes place solely online and is complete within six minutes, from start to end. Need help getting started? No worries. Here’s a step-by-step guide to applying for credit to get you that quality-approved smartphone…

How do I buy a phone with instant credit on Phonetradr?

Step one: Choose your device

After choosing the phone you want on our ‘Buy’ page, click ‘Buy Now’, then fill in your details. At checkout under payment methods, select ‘Instant Credit’.

Step two: Now it’s time to set your budget

How much credit do you need? How much of a deposit are you able to put forward? Using the easy-to-use slider, move left or right, increasing or decreasing the amount of credit you need. Then, below, choose how many months you will need to pay it off.

Step three: Give us your info 😉

In the empty boxes, fill in your full name, ID number and contact details. Once your enter your cell number, a one-time pin (OTP) will be sent to you phone via SMS. Simply enter the pin into the open box at the bottom.

We’ll need to know where to deliver the awesome phone you’re buying so wherever you’d like our delivery team to go, here’s where you tell us. Again, you are guaranteed 100% security while providing Phonetradr with your physical address.
Remember, your personal details are always private and secure with Phonetradr!

Step four: This step is divided into three sections:

1: Your employment status
Here, you will tell us if you are employed or not, where you work and for how long you have worked there.

2: Your monthly credit expenses
Thanks to the personal details you gave us earlier on, we’re able to pull through your current credit accounts, showing how much you pay towards them per month. If some of the information is incorrect or outdated, you can easily select the status of the account and how much you pay per month.

3: Your monthly living expenses

Do you pay rent? Or contribute to groceries, electricity and water? Here’s where you’ll tell us how much. Below section 3 is a summary on how much of your income you have left once you’ve paid all your credit obligations after your living expenses.
Something to look out for…..If the ‘submit’ button is red, this means that you don’t have enough of your income left over to pay all of your expenses. In this case, it is not wise to incur more debt and it’s unlikely that your application will be successful.

On the other hand, if it is green this means your application can continue!

Step 5 will now be for you to click ‘submit’ where your information will be reviewed.

Step six: You’re almost there…

After the wizard has accepted your bank statements, you’ll be asked to click ‘accept the offer’, then tick the T’s & C’s box, and finally, click ‘sign agreement’.

Step seven: This step offers three options

Once your application has been given the green light, it’s time to fill in your banking details so that your monthly installments to us can go off without a hitch. In addition to providing your banking details, we’ll also ask you for three months of bank statements. To make it easy for you, we have three ways to do this…

1: Log into your internet banking

Simply log into your online profile and we will automatically collect three months worth of statements. This is an industry first and is 100% secure and safe!

2: Email, if you’re not comfortable with us automatically collecting your statements
You are given a unique email address to send your bank statements too. If this is the method you’ve chosen, no one else will be given the same email address when sending your documents.

3: Upload from your laptop
If you’re super organised and have your latest bank statements saved to your laptop, simply upload it from your PC or Mac computer.

We must stress that choosing any of these banking-approved options promises total security and encryption of your personal information. You’ll never have to worry if your personal or banking information will be lost, hacked or misused! This is probably the safest way to apply for a loan online – that we can promise.


Step eight: You’re finally at the end!

The last step sees you transferring your deposit via EFT. We’ve included all of the main banks so nobody should feel left out! Also, your EFT payment is 100% safe and secured. No worries!

Ready to buy your awesome phone? Let’s go.

Phonetradr has partnered with FASTA to bring you instant credit

instant credit

When you think of the traditional credit application process, a few things may come to mind: Lengthy phone calls, background checks, heaps of paperwork and a lot of your precious time wasted. And even after you’ve played along, you still may not be approved for credit. We understand not everyone can afford to make a purchase in full. We want to help customers afford the smartphone they want with instant credit!

So, if you’re looking to get credit to purchase a used smartphone, we can help.

What’s cool about it?
– You apply online on the Phonetradr website and the deal is done in real-time. Simply choose a phone that has the “instant credit” badge then for a payment method, choose “instant credit”
– You’ll get an answer if your application is approved within minutes of applying
– No phone calls, no paperwork, no call centres
– It’s interest-free!
– An applicant can choose their own payment terms of up to six months

All we’ll need from you is…
– A 33 % deposit to verify that you’re serious about the deal
– Your South African ID number
– Three months of bank statements

Get instant credit, online, in minutes. A first for South Africa!
Shop now and apply during checkout.

Five tips to shopping Black Friday like a pro

Black Friday

We’ve all heard the horror stories or seen the video footage of shopping on Black Friday. It’s chaos, and furthermore, the pandemonium doesn’t disappear just because you’re shopping online. From crashing websites to depleted stock, learning to (successfully) shop online on Black Friday has become an Olympic sport. Here are our top five tips to winning #BlackFriday.

Start your shopping at midnight (yes, that’s correct)

This may sound a little extreme, but take it from us – you’ll be grateful you sacrificed your sleep for this. Many online stores begin their Black Friday deals at midnight, which many don’t know about and don’t take advantage of. Set your alarm clock for 11:55pm, boil the kettle, then get shopping.

Create your wish list days in advanced

This is something avid online shoppers do anyways, so why not utilise it on Black Friday to avoid your shoe size from running out? Stock gets depleted extremely quickly, especially on once-a-year events like this, so make an effort to add all of your items to your wishlist beforehand. That way, you can log in and simply pay without sifting through hundreds of discounted items before you find your picks.

Set a budget

Each year, financial advisers say, “Don’t fall victim to Black Friday!” because of how many people spend money they don’t have on items they don’t need. Just because something is 50 percent off, doesn’t mean you’re making a “saving” – you’re still spending the other 50 percent! Set a budget using funds you know you can spend – shopping responsibly is a thing, people.

Sign up to email newsletters

Believe it or not, if you create an account or sign up to receive email newsletters, you are likely to cash in on extra deals. Many online stores give first-time buyers or customers who’ve signed up an additional discount, free delivery or an early heads up on their deals. You know the saying: the early bird catches the worm!

Shop on websites you trust

If a deal seems too good to be true – especially on a site you’ve never heard of – it probably is. South Africa has many established, trusted online stores that make online shopping a safe and easy task. Do your research: If a site has a good social media presence, plenty of good reviews and is recommended by a friend of yours, you can most likely trust it.

Happy shopping!