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[SPayLater] What is SPayLater’s Late Payment Charge?
Late payment fee is when an additional $5 is levied on the amount due if repayment is not made within the stipulated time frame. You are required to make full payment on the amount stated in your monthly SPayLater bill by the 10th of every month.
Example of the monthly repayment schedule as follows:
Orders Completed on | Billing date | Due date |
Jan 1 - Jan 31 | Feb 1 | Feb 10 |
Feb 1 - Feb 28 | Mar 1 | Mar 10 |
Mar 1 - Mar 31 | Apr 1 | Apr 10 |
Apr 1 - Apr 30 | May 1 | May 10 |
May 1 - May 31 | Jun 1 | Jun 10 |
Jun 1 - Jun 30 | Jul 1 | Jul 10 |
Jul 1 - Jul 31 | Aug 1 | Aug 10 |
Aug 1 - Aug 31 | Sep 1 | Sep 10 |
Sep 1 - Sep 30 | Oct 1 | Oct 10 |
Oct 1 - Oct 31 | Nov 1 | Nov 10 |
Nov 1 - Nov 30 | Dec 1 | Dec 10 |
Dec 1 - Dec 31 | Jan 1 | Jan 10 |
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