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36 month phone loan repayments

By: seacam | 22-09-2019 09:48

It is no secret that the price of the average phone has only increased in the past few years, and sometimes by quite a lot. For those of us who use phone loans to purchase their new devices, paying back on a monthly basis, this means that the potential repayments on new devices are becoming a significant barrier to upgrading.

Especially as phones now regularly cross the £700 mark, having a further option to increasse the length of the repayment period would help manage the financial burden of these, should customers wish to pursue this as an option. This is something that Tesco Mobile does with some success, it also recognises the fact that people are now holding on to their phones for longer and longer.

I'd like to propose that Giffgaff should follow suit, offering this as an option to customers looking to get a new device and stay with the network, and to keep their loan repayments manageable.

I came up with this idea as my phone will come to the end of its contract soon, and I'll be looking to offload it and choose another. Everything that even remotely appeals on this network (which I would like to stay with) will be too big a commitment to take on, as such the option offered by Tesco Mobile (and others) seems to be a good choice for continuing.


by: mcilwraith
on: 26-09-2019 12:58

sounds ok if thats what you want but of course its not giffgaff who supply the credit

by: chinsndips
on: 24-04-2020 17:30

That is true. Good luck anyway!

by: bertiebat
on: 23-09-2019 21:41

Personally I find it ridiculous to buy a phone that you can't reasonalbly afford and maybe that's why the max is set at 24 months (which is outside giffgaff's control anyway).

by: verityjahane
on: 03-12-2019 14:00

Good idea Not all of us have any extra cash. Some of us have to pay for silly things like Rent Electricity Water rates Food Petrol for work Council tax Road tax Insurance And so on... We don't all live at home with our parents. Or have huge wages. Think about others.

by: bertiebat
on: 14-04-2020 21:28

Buying a £700 phone when you can't afford to pay other bills is madness. Just buy a cheaper or second hand phone like us less well off people do. PS. long time since I lived with my parents but they did teach me to live within my means.

by: pinky1622
on: 13-12-2020 01:13


by: kiran74629
on: 30-12-2020 05:41

good idea

by: bisma26475
on: 14-12-2020 01:53

this idea can be helpul to some struggling to buy a phone..I vote!

by: bertiebat
on: 14-12-2020 15:05

Buy a phone you can afford.

by: pinks29
on: 20-11-2020 09:07

Not sure whether a 36month contract is the answer, a long time to commit. I would rather have a refurbished one and pay for it.

There are some good bargains out there sometimes. Best bargain I got was a phone worth over £100 for £28 bargain. Still talk about it now as brought it for my other half earlier this year.

by: haleemanoor
on: 27-09-2020 00:04

In this way a fone is expensive for me

by: pinks29
on: 19-08-2020 17:33

Not a bad idea if you want an expensive phone, as it helps spread the cost. Sure if giffgaff offered this there would be quite a few takers.

by: vijay42924
on: 17-08-2020 08:28

good one and supported

by: kevincunno
on: 16-08-2020 14:56

sorry no vote from me increasing the payment time is only encouraging those who cannot really afford them sadly and getting them deeper into deb

by: jeff_elephant
on: 16-08-2020 11:04

giffgaff phone loans are set by RateSetter, its partner in this business. So giffgaff can't dictate terms and conditions of phone loans, that's RateSetter's decision and business model