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Type of Fees

Definition

When is this being charged?

How Much?

Profit Rate

This refers to the rate charged for the provision of the SPayLater Motorcycle services (formerly referred to by us as “Processing Fee”), as further detailed in our Terms of Service.
 
 
Note: Effective 15 July 2026, 'Processing Fee' is renamed to 'Profit Rate'.

Profit rate is charged on the monthly installment amount.

Profit rate are based on the payment plan chosen and the transaction amount: 

·12 Months - 0.92% per month / 11%

·24 Months - 0.92% per month / 22%

·36 Months - 0.92% per month / 33%

·48 Months - 0.92% per month / 44%

·60 Months - 0.92% per month / 55%

Late Charge

Refers to the penalty charged if a user doesn’t pay their SPayLater Motorcycle bill by the due date. Monee will freeze the user’s SPayLater account if payments are late.

Please refer here for more information.

Late Charge is incurred when users do not pay the SPayLater Motorcycle bill after the due date.

RM10

Payment Plan

12 Months

24 Months

36 Months

48 Months

60 Months

Monthly Profit Rate

0.92%

0.92%

0.92%

0.92%

0.92%

Total Profit Rate

0.92% * 12M
= 11%

0.92% * 24M
= 22%

0.92% * 36M
= 33%

0.92% * 48M
= 44%

0.92% * 60M
= 55%

Example of SPayLater Motorcycle amount = RM10,000

Total Profit Rate

RM10,000 * 11%
= RM1,100

RM10,000 * 22%
= RM2,200

RM10,000 * 33%
= RM3,300

RM10,000 * 44%
= RM4,400

RM10,000 * 55%
= RM5,500

Total Price Paid
(Transaction Amount + Profit Rate)

RM10,000 + RM1,100
= RM11,100

RM10,000 + RM2,200
= RM12,200

RM10,000 + RM3,300
= RM13,300

RM10,000 + RM4,400
= RM14,400

RM10,000 + RM5,500
= RM15,500

Instalment per Month

RM11,100 /12M
= RM925

RM12,200 /24M
= RM508.33

RM13,300 /36M
= RM369.44

RM14,400 /48M
= RM300

RM15,500 /60M
= RM258.33