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[SPayLater] How to split 1-month SPayLater transaction to instalments after checkout?

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You can now split your 1-month SPayLater transaction into instalments after checkout. 

 

Eligibility Period:

  1. You may request to split your 1-month SPayLater repayment any time from the date of checkout up until the order is marked as completed - which occurs when you click “Order Received’ or when the system automatically marks the order as completed, between 3 to 7 days after delivery of your purchase.

  2. A processing fee of 1.5% per month will apply, depending on the selected instalment plan.

  3. Applicable only for purchases made on the Shopee Marketplace.

  4. The instalment plan’s billing date will follow your usual SPayLater billing cycle.

 

Here’s the processing fee applicable for instalment plans:

Before Split Tenure

Processing Fees

After Split Tenure

Processing Fees

1 month 

(Buy Now Pay Later)

0%

3-month

1.5% * 3 = 4.5%

6-month

1.5% * 6 = 9%

12-month

1.5% * 12 = 18%

18-month

1.5% * 18 = 27%

24-month

1.5% * 24 = 36%

 

⚠️ Note:

 

  • Only 1-month SPayLater transactions can be split into instalments. 

  • The feature is now being gradually rolled out to selected users and will be made available to all users soon.

How to split a 1-month SPayLater Transaction into instalments?

Kindly follow the steps below to split your 1-month SPayLater transaction to an instalment: 

Step 1: On SPayLater homepage, go to Split Into Instalment section, click on Check Now
Step 2: Select the transaction(s) to be split and click Confirm

Step 3: Select the desired instalment tenure, then check the total amount and the new monthly instalment

Step 4: Click Confirm cancel and repurchase

 
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How to check transaction details?

To check the transaction details, you can follow the steps below:

Step 1: On the SPayLater homepage, click Transaction

Step 2: Select the Transaction to view details

Step 3: Check the transaction details


SPayLater Cancelled Transaction 

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SPayLater Repurchased Transaction

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SPayLater is a service provided by Monee Capital Malaysia Sdn Bhd (formerly known as SeaMoney Capital Malaysia Sdn Bhd).

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