LazPayLater is now available!
According to reports, Lazada is planning to create a Buy Now Pay Later service called LazPayLater. When shopping on Lazada, customers can pay in instalments.
LazPayLater has an RM4,000 buy-now-pay-later limit, and consumers can use LazPayLater services when shopping on Lazada, except for things such as e-vouchers or gold jewellery. Users that pay off their balance every other month will not be charged any fees via LazPayLater.
Users can pay their expenses in monthly instalments as well as 3, 6, 9, and 12 month payments. The monthly interest rate on the instalment will be 1.5%.
Users will get bills on the 10th of each month and must settle any debts by the 25th. LazPayLater bills can be paid with Lazada Wallet, Online Banking, Credit or Debit Card, Touch ‘n Go eWallet, or Boost eWallet. Any user who fails to pay their bill will be charged RM30.
LazPayLater will be gradually rolled out to qualified users in the near future. Visit LazPayLater for more information.
