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Product

SPayLater

SPayLater Motorcycle

Product Type

Buy Now, Pay Later (BNPL) service for the purchase of goods or services 

Buy Now, Pay Later (BNPL) service for the purchase of a motorcycle

Processing Fee

1.5% per month or 18% per annum

1.25% per month or 15% per annum

Tenure

1 - 24 months

12 - 60 months

Document Required for Activation 

An identification card is required

Identification card and additional income documents below are required based on the user profile: 

1. For an employed, salaried user:

a. Mandatory

· Latest 3 months Salary Slip, AND

· Any one (1) of the following documents:

      - Latest 3 months Bank Statement, OR

      - Latest EPF statement showing at

         least 3 months' contribution 

b.  Optional

· Latest Tax Declaration Form

2. For users who are business owners:

a. Mandatory - All two (2) of the following documents:

· Company Business Registration            Certificate

· Latest 3 months Bank Statement

b. Optional

· Latest 3 months Salary Slip

· Latest Tax Declaration Form