Hi, how can we help?
[SPayLater] Is there any fee charged when I use SPayLater?
Applicable interest will be calculated depending on the seller and SPayLater tenure selected. Refer below for more details.
- When shopping at participating SPayLater sellers, SPayLater users can continue to enjoy 0% interest for 1 Month and 3 Months instalment plans. Additionally, the 6 Months and 12 Months interest will be reduced to 0.5% of the checkout value.
Shopping at Participating SPL Sellers | ||||
| 1 month | 3 months | 6 months | 12 months |
Total Interest (%) | 0% | 0% | 3% | 6% |
Monthly Interest (%) | 0% | 0% | 0.5% | 0.5% |
EXAMPLE | Original Price $100 | |||
Original Price/Month ($) | $100 | $33.33 | $16.67 | $8.33 |
Interest/Month ($) | $0 | $0 | $0.50 | $0.50 |
Final Price/Month ($) | $100 | $33.33 | $17.17 | $8.83 |
You may refer to our educational microsite on how to find and shop at participating SPL sellers to enjoy reduced interest.
Shopping at Non-Participating SPL Sellers | ||||
| 1 month | 3 months | 6 months | 12 months |
Total Interest (%) | 1% | 3% | 6% | 12% |
Monthly Interest (%) | 1% | 1% | 1% | 1% |
EXAMPLE | Original Price $100 | |||
Original Price/Month ($) | $100 | $33.33 | $16.67 | $8.33 |
Interest/Month ($) | $1 | $1 | $1 | $1 |
Final Price/Month ($) | $101 | $34.33 | $17.67 | $9.33 |
⚠️Note
- Within the Payment Method page, monthly repayment amounts are inclusive of both item amounts and applicable interest.
- Additionally, there are two types of fees that may be incurred for SPayLater users:
- A $5 Late Payment Charge for users who do not make full repayment by the bill due date.
- A $1 Handling Fee for processing manual repayments through Credit/Debit cards. (Auto repayment and manual repayment through ShopeePay and PayNow will not be charged)
For more information, you may refer to our SPayLater Terms of Service.
