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[SLoan Xtra] Is there a late payment charge?

English | Bahasa Malaysia
 
Yes, a late payment charge of 8% per annum will be applied daily from the date you miss your payment until the overdue amount is fully paid. 
 
The late payment charge starts when there is an outstanding balance at 0001 hours the day after your due date. For example: The due date is on 1 Oct. A late payment penalty will be charged when there is any unpaid amount by 0001 hours on 2 Oct. 
 
Example of late payment charge calculation: 
 
Repayment due: RM3,000 
Days overdue: 10 days 
Total late payment penalty: RM3,000 × 8% × (10 ÷ 365) = RM6.58 
Total repayment: RM3,000 + RM6.58 = RM3,006.58
 
You can make your repayment using: 
 
  • ShopeePay e-wallet
  • Online Banking
 
SLoan Xtra is a service provided by Monee Capital Malaysia Sdn. Bhd. (formerly known as SeaMoney Capital Malaysia Sdn. Bhd.).
 

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