The Equipment Installment Plan (EIP) is a payment option available for new and existing qualified customers on selected rate plans. This plan allows you to purchase a new phone or device with monthly payments. A minimum purchase is required.
Find out if you're eligible for EIP and what your down payment and monthly installments might be.
After the down payment, the remaining balance is divided into 24 installment payments as part of your monthly bill. The EIP requires a 24-month financing agreement that you sign at the time of the activation or upgrade. Although this finance agreement is required, you can pay off all or part of your EIP balance at any time.
Keep in mind, if you make an extra payment on your regular monthly bill, it does not apply to any outstanding EIP installments. Instead, you'll have a credit balance on your next bill.
We may require a down payment when you purchase a new device. If you want to make a larger down payment, you need to purchase your phone through T-Mobile Customer Service or at a T-Mobile retail store.
Things to keep in mind:
Besides using the EIP program for purchasing a phone or device, you can also use it to purchase accessories, as long as:
We might require a down payment for certain purchases, such as a total accessory purchase of more than $250 (after discount, per line, per transaction).
You can make an EIP payment or see your EIP balance several ways:
From your mobile device with the T-Mobile app
From your computer
Before you make an extra EIP payment, we suggest you make a note of the amount due; this amount is still due for your regular monthly service. The extra EIP payment applies at the end of your bill cycle. This payment creates an offsetting charge on the following bill and the net result is a reduction of your EIP balance by that amount. Your extra payments do not reduce your monthly installment; instead, they reduce the number of installments left to pay.
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