Singapore’s first mobile leasing plans by Singtel

Singtel recently launched a mobile leasing plan for customers, the first in the market for Singapore. It was launched in the first week of June and this mobile leasing plan would definitely interest consumers with the number of smartphones that we use/own in Singapore, it’s designed to make premium handsets more affordable to customers.

Let me share with you more information on Singtel’s mobile leasing plans below:

 Customers on SIM Only plans have the option of paying a small monthly fee for the use of premium handsets from Apple and Samsung instead of purchasing them upfront. They 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. 

“With so much time spent on their smartphones, our customers naturally want the latest and best technology that new handsets have to offer. They can now enjoy an enhanced mobile experience when they stream their favourite shows or play online games,” said Mr Yuen Kuan Moon, Chief Executive Officer for Consumer Singapore at 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.” 

Customers can visit singtel.com/leasing for more details and sign up at Singtel Retail Shops across the island. 

The table below illustrates potential savings on selected handsets.

Recommended Retail Price  Monthly Leasing Fee  12-mth Leasing + S$200 Upgrade Fee*  12-mth Leasing savings  24-month Leasing Fee *  24-mth Leasing savings 
Samsung Galaxy S9 (64GB)  S$1,198  S$35  S$620  (S$578)  S$840  (S$358) 
iPhone 8 

(64GB) 

S$1,148  S$37  S$644  (S$504)  S$888  (S$260) 
 

* Handset to be returned after lease period ends *

* Information courtesy of Singtel *

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