DO NOT PURCHASE AN ITEM ON PAY LATER UNLESS YOU HAVE THE FUNDS TO COVER REPAYMENT.
DEFAULTING OR FAILURE TO MAKE PAYMENT WILL RESULT IN YOUR DETAILS HANDED OVER TO THE POLICE CRIMINAL DIVISION FOR FURTHER ACTION.
HOW CAN I PAY LATER ON OYATO?
Click HERE to learn how.
WHAT IS BUY NOW PAY LATER?
The OYATO Pay Later scheme allows you to spread the repayment for items purchased on OYATO. You pay 40 percent of the total price as deposit to get your item delivered. You then pay 20 percent in Month 2 / 20 percent in Month 3 / final 20 percent in month 4. All Oyato Pay Later applications go through a verification process to determine the credit worthiness of the applicant.
WHAT DO I NEED TO QUALIFY?
The Oyato Buy Now Pay Later is open to all employed and self employed persons. You must be able to provide the following information in order to be approved for OYATO Pay Later
You must provide;
Your Valid BVN Number,
A recent Bank statement not older than 3 months
A recent NEPA or utility bill not older than 3 months
A form of identification (Passport, Driving Licence and other approved IDs)
You will not be approved for OYATO pay later if you cannot provide these documents.
HOW MUCH INTEREST IS CHARGED FOR BUY NOW PAY LATER?
Oyato Pay Later charges 0% interest. All Oyato Pay Later orders will incur a 7.5% pay later admin charge to cover our administrative overhead.
HOW CAN I CHECK HOW MUCH I AM OWING OYATO?
Go to your account section on the website and scroll down to Oyato Pay Later Report to see your repayment schedule and other relevant information.
WHY WAS MY PAY LATER REQUEST DENIED?
All Oyato Pay Later customers have to go through something called a 'credit check' which determines if we can give you credit or otherwise. If you are not accepted for Oyato pay later, we will communicate this via email and issue you a full refund.
CAN I PAY USING CASH ON DELIVERY?
No. OYATO Shopping does not offer cash on delivery for pay later.
WHEN DO I RECEIVE MY ORDERED ITEMS?
Oyato Pay Later could take anything between 5-7 days to be delivered once your application has been approved.
WHEN DO I MAKE THE REMAINING PAYMENTS AND HOW?
We run a very convenient and simple system. First repayments is taken 30 Days after the purchase date. Payments are made by direct debit from your registered bank account. Ensure you have enough funds in your account every month to cover your repayment. Failure to make your monthly repayments will result in a visit by our collection agents at either your home or employers address.
DO I HAVE COMPLETE OWNERSHIP FOR AN ITEM NOT FULLY PAID FOR?
OYATO assumes ownership of item(s) not fully paid for and have the right to repossess the item upon default. This is bound by a legal document which will be executed at the point of delivery. Upon complete repayment, complete ownership of item(s) is assumed and a payment invoice issued.
YOU MUST NOT RESELL ANY ITEM THAT YOU STILL HAVE OUTSTANDING DEBT ON. FAILURE TO ADHERE WILL LEAD TO ARREST AND PROSECUTION.
CAN I PLACE 2 PAY LATER ORDER AT SAME TIME?
No, You cannot place multiple Oyato Pay later orders at the same time.
AT WHAT POINT OF DEFAULT IS AN ITEM PURCHASED REPOSSESSED?
Items are repossessed after 2 months default. In order to avoid your order being repossessed, always make your payments on time. If facing financial difficulties, call our help line on 09085999936 where one of our agents will assist you with how Oyato can assist.
WHAT HAPPENS TO THE ITEM(s) REPOSSESSED?
Items repossessed are auctioned at our clearance market at a reduced price.
NOTE: OYATO PAY LATER APPROVAL IS AT THE SOLE DISCRETION OF OYATO SHOPPING AND MANAGEMENT. OYATO SHOPPING RESERVES THE RIGHT TO REJECT ANY PAY LATER REQUEST IF IT DOES NOT MEET OUR CREDIT APPROVAL REQUIREMENT.
