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[SPayLater] Is there any fee charged when I use SPayLater?

Applicable interest will be calculated depending on the seller and SPayLater tenure selected. Refer to 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 SPayLater 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 SPayLater sellers to enjoy reduced interest.

2. At non-participating SPayLater sellers, installment plans of 1 Month, 3 Months, 6 Months, and 12 Months will be available, however, users will incur monthly interest of up to 1% of the checkout value.

Shopping at Non-Participating SPayLater 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.

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