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No interest on Note 9 for Barclays clients

Platinum and Gold Barclay card holders will buy the new Sh104,999 Samsung Galaxy S9 phone on a six month zero interest loan.

The Note 9, which went on sale in Kenya this month, joins the high-end series of devices in the market retailing over the Sh100,000 mark.

“The Note has always been our showcase for premium technology and industry-defining innovation, and Galaxy Note9 is no exception.

“It’s designed for a level of performance, power and intelligence that today’s power users want and need,” said Samsung Head of Mobile Division Charles Kimari.

The device was available for pre-order last month, hitting 800 units within three weeks. According to Samsung, this was an 84 per cent increase in pre-orders compare to its predecessor, the Galaxy Note8.

The credit facility is the second such arrangement by Samsung which had partnered with Nairobi-based credit company Odyssey Capital to offer consumers buying Samsung Electronics’ phones up to a year to pay for the gadgets through a purchase agreement.

Through Odyssey Capital’s Lipa Later credit facility, service users are allowed to pay for the phones in instalments over a period of between six months and a year.

Approval of the facility is estimated to take no more than 24 hours. The consumer picks their device before starting to make the monthly payments at an interest rate varying between four and six per cent.

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