FAILURE TO KEEP UP WITH YOUR MONTHLY REPAYMENTS WILL RESULT IN YOUR DETAILS BEING HANDED OVER TO THE POLICE FOR FORCEFUL RETRIEVAL OF OUR FUNDS.
We all agree that in our present economy, it is very challenging to purchase household items and make instant payment of the whole price of the item.
Luckily, this problem has been solved through an innovative solution which allows you shop for household electronics, appliances and more on www.oyato.ng (You can also download the app on the Google and Apple stores) and pay small small.
Below we have compiled a list of questions and answers that might interest you, should you pick interest in this amazing shopping experience.
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% in month 3 and the final 20% 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 have a valid BVN Number, a bank account and a working Mastercard or Visa bank card. Only these 2 card types can be used for Pay Later purchases.
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.