Singtel has launched what it claims is Singapore’s first mobile leasing plans that will allow its SIM Only customers to rent out the latest Apple and Samsung phones for a monthly fee instead of purchasing them upfront.
Customers on SIM Only plans can lease the latest Apple iPhone and Samsung Galaxy phone models for 24 months, with the option to upgrade their handset in the 12th month by paying a S$200 fee.
With prices starting as low as S$35 per month for a Samsung Galaxy S9 (64GB) for example, customers can save up to S$578 off the regular retail price if they choose to lease the handset for a year or S$358 if they opt to keep it for two years.
The leased phone is Singtel’s property and customer must return the leased phone after the leasing term ends on the 24th month. Customers pay $0 upfront to lease the phone and will only need to pay the monthly. Each customer can only lease 1 phone at any one time.
Yuen Kuan Moon, CEO for Consumer Singapore, Singtel
Our mobile leasing plans allow customers to take advantage of the flexibility of our SIM Only plans and give them the option to lease a smartphone at an affordable monthly rate.
