News Releases

Singtel launches Singapore’s first mobile leasing plans

Affordable plans offer customers freedom to upgrade handsets more often

Singapore, 7 June, 2018 – Singtel today launched Singapore’s first mobile leasing plans, designed to make premium handsets more affordable to customers. 

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.

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Annex

The table below illustrates potential savings on selected handsets.

Handset Model

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