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 |
Profit Rate | 1.5% per month or 18% per annum | 0.92% per month or 11% per annum |
Tenure | 1 - 24 months | 12 - 60 months |
Document Required for Activation | An identification card is required | An Identification card is required. Additional supporting document(s) may also be required, depending on the user's profile.
1. For employed, salaried users · Latest 1 month Salary Slip · Latest 1 month Bank Statement · Latest EPF statement · Latest Tax Declaration Form
2. For 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
Please refer here for the income document guidelines. |
SPayLater Motorcycle is a service provided by Monee Capital Malaysia Sdn. Bhd. (formerly known as SeaMoney Capital Malaysia Sdn. Bhd.).