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[SPayLater] How to convert SPayLater - Buy Now Pay Later (BNPL) to instalment?
SPayLater Buy Now Pay Later (BNPL) is a 1-month payment term that allows you to pay for your checkouts on your next monthly due date. Now, you can convert your Buy Now Pay Later (BNPL) purchases into multi-month instalments for easier expense management.
Convert BNPL to instalment
Go to SPayLater in the app > Select Convert into instalment > Select your BNPL transaction > Next > Review the instalment amount > Choose a payment term > Check the monthly breakdown > Confirm.
You may confirm the BNPL Convert in the Transactions page and look for items tagged as CONVERTED.
⚠️Note • Conversion to instalments is only available for SPayLater BNPL transactions. • Changes in interests and fees shall apply given the new instalment transaction. Promotional interests may not carry-over. • Review your transactions carefully before confirming. Once converted, you cannot revert back to BNPL. |
FAQs
Q: Where and how can I convert BNPL transactions?
A: Go to SPayLater Homepage or Transaction Page > select Convert into instalment.
Q: How long does BNPL conversion take, and how will I know if it’s successful?
A: It happens in real-time, and you'll receive a confirmation notification.
Q: Why can’t I convert a transaction?
A: You have no eligible BNPL transactions at this time.
Q: Can I partially convert a BNPL transaction?
A: No, the entire transaction must be converted.
Q: Can I change back my instalment to BNPL?
A: No, once you have converted your SPayLater BNPL to instalment, you cannot revert back to BNPL.
Q: Will I be notified once my BNPL transaction is successfully converted to an instalment?
A: Yes, you will receive a notification confirming that your BNPL transaction has been successfully converted to an instalment.
Q: Am I allowed to refund after doing the conversion?
A: Yes, you are allowed to refund your items even after converting them into instalments.
Q: What are the available tenor options for converting my BNPL?
A: There are 3/6/12 possible instalment terms, but these options will vary per user depending on your current available SPayLater instalment terms.
Q: What will happen to my 0% BNPL interest rate if I convert it into instalments?
A: When you convert your BNPL transactions to instalments, the 0% interest rate will no longer apply. Instead, the interest rate and other fees will depend on the instalment tenure you select.
Q: Until when can I change the term from BNPL to another term?
A: You can convert your BNPL transactions at any time before the due date.
Q: Can I combine “Before Order Received” and “After Order Received” transactions?
A: You may convert both transactions at the same time, but they will remain as separate instalment transactions after conversion.
Q: Am I able to add my BNPL transaction for conversion even if today is the due date?
A: No, you may not add your BNPL Transaction for conversion if it is on the due date or after the due date.