Introducing GrabPayLater installment; pay for your purchase in up to 4 interest-free monthly installments. Just Activate PayLater function in your Grab app. No lengthy forms to fill and it is as simple as making any card purchases. No extra charges if you make your payments on time monthly. Earn GrabRewards points either way you choose to pay. Frequent FAQS:
– Why PayLater?
Grab PayLater allows you to buy now, pay later with no interest or hidden fees.
Key details about Grab PayLater:
- Eligibility: Grab PayLater is available to selected Grab users who meet the eligibility criteria set by Grab. The criteria may include factors such as transaction history, usage patterns, and creditworthiness.
- Credit Limit: Grab determines a credit limit for each user based on various factors such as their Grab usage, financial history, and credit assessment. The credit limit represents the maximum amount a user can borrow through PayLater.
- Usage: PayLater can be used to make payments within the Grab app for services like rides, food deliveries, and other Grab services. It may also be available for select merchants outside the Grab ecosystem.
- Repayment Options: Users can choose from different repayment options, including paying the full amount on the due date or splitting the payment into installments over a specified period. The repayment period and terms may vary depending on the user’s creditworthiness and the specific promotions or offers available at the time.
- Fees and Charges: Grab PayLater may incur fees and charges such as interest rates, late payment fees, or processing fees. The exact fees and charges can vary based on the user’s creditworthiness, repayment behavior, and local regulations.
- Integration with Grab Wallet: PayLater is integrated with the Grab Wallet, which allows users to access and manage their credit balance, view transaction history, and make repayments conveniently within the Grab app.
- Security and Privacy: Grab PayLater, like other financial services, takes measures to ensure the security and privacy of user data. It is essential to review and understand the terms and conditions, including data handling practices and security measures, before using the service.
-Am i Eligible for PayLater? To qualify, you should be:
- You’ve been an existing Grab user for at least 6 months
- You’re aged 18 years and above
- Your account has been fully verified
- You’re a Platinum, Gold, or Silver GrabRewards tier member
- Your Grab app has been updated to the latest version.
If you’re eligible for PayLater, you’ll be able to activate it in-app, or simply launch your Grab app, tap on Finance, tap on Enjoy Now and Pay Later under Explore GrabPay. If you don’t see the PayLater option, we’re unfortunately unable to offer this service to you just yet. All approvals are subject to our internal review.
-Is PayLater a FREE Service?
Yes, it is free to use with no upfront fees or interest. Keep in mind that the only fee that may be incurred is the admin fee (maximum of $30) to reactivate a suspended account. Suspensions occur only if you have overdue PayLater bills that haven’t been settled in full.
-Is there a limit to how much i can spend?
Yes. Appropriate spending limits are set based on your spending history with Grab.
All new/used phones/ accessories and tablets are eligible for Grab PayLater installment. Anything above the eligible amount will need to be topped up in cash. Hit us up today for more info Derrick 9105 7653/ Desmond 9001 4651