Last update 24.07.2024
PH - Digido


Loan Amount 10 000 - 25 000 php
Loan period 1 - 6 mo.
Minimum age 21 year
Interest rate 143 %
  • Get your first loan with 0% interest

  • Payout to your account within 4 minutes

  • Don't require guarantors or guarantee deposits

PH - Loanonline


Loan Amount 500 - 25.000 php
Loan period 3 - 12 mo.
Minimum age 20 year
  • Quick response time

  • Borrow money anytime anywhere

  • Competitive interest rates

PH - Finbro


Loan Amount 1.000 - 20.000 php
Loan period 12 - 12 mo.
Minimum age 20 year
  • 0% interest on first loan

  • Fast response on SMS

  • No guarantor nor a payslip

Spaylater; Things You Need to Know

Spaylater is a buy now, pay later (BNPL) service offered by the e-commerce platform Shopee. This service allows customers to purchase items on Shopee and defer payment for up to 30 days, with the option to pay in installments over a longer period of time.

Shopee Pay Later is available to eligible customers in select countries, and users can apply for the service through the Shopee app. It’s important to note that using Shopee Pay Later may come with fees and interest charges, so it’s important to carefully review the terms and conditions before using the service.


Who is Shopee?

Shopee is an e-commerce platform based in Singapore that operates across Southeast Asia, Taiwan, and Brazil. It was founded in 2015 by Forrest Li, who is also the founder and CEO of the parent company, Sea Limited. Shopee is one of the leading e-commerce platforms in the region, offering a wide range of products including electronics, fashion, home and living, beauty and personal care, and more. The platform operates on a mobile-first approach, with a focus on providing a seamless user experience through its app.

In addition to its e-commerce operations, Shopee also offers other services such as ShopeePay, a digital wallet service, and Shopee Mall, which offers a selection of products from authorized brands and retailers. Shopee has also launched various initiatives to support small and medium-sized enterprises (SMEs), including training programs and grants.

Shopee has received numerous awards and recognition for its operations, including being named the “Best Online Shopping Mall” by Influential Brands in 2019, and being named the “Most Engaging Social Media Platform” by Marketing Magazine in 2020.

Who can Avail Spaylater?

Shopee Pay Later is currently available to eligible users in select countries where Shopee operates, including Singapore, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines.

To be eligible for Shopee Pay Later, users must meet certain criteria, which may vary depending on the country. Generally, users must be at least 18 years old and have a valid identification document. They may also need to meet certain creditworthiness requirements, which may include a credit check or the submission of additional documents.

It’s important to note that not all users will be eligible for Shopee loan, and eligibility criteria may change over time. Users can check their eligibility for Shopee loan for buyers by navigating to the “Me” tab on the Shopee app and selecting “ShopeePay”. If Shopee Pay Later is available in their country, they will see the option to apply for the service.

Spaylater Requirements

The requirements for Shopee Pay Later may vary depending on the country and the user’s creditworthiness. However, here are some general requirements that users may need to meet in order to be eligible for Shopee Pay Later:

  1. Age: Users must be at least 18 years old.
  2. Identification: Users must have a valid identification document, such as a passport or national ID card.
  3. Creditworthiness: Users may be subject to a credit check to determine their eligibility for Shopee Pay Later. This may include an assessment of their credit history, income, and other factors.
  4. Shopee account: Users must have a registered Shopee account and have made at least one successful purchase on the platform.
  5. Applicable to certain products: Shopee Pay Later may only be available for certain products, and may not be available for all purchases made on Shopee.

It’s important to note that the specific requirements for Shopee Pay Later may vary by country and are subject to change over time. Users can check their eligibility for the service by navigating to the “Me” tab on the Shopee app and selecting “ShopeePay”.

Spaylater Advantages

Shopee Pay Later offers several advantages to users who opt to use this payment option. Here are some of the advantages:

  1. Deferred payment: Shopee Pay Later allows users to defer payment for up to 30 days after making a purchase, which can be helpful for users who need some time to manage their finances before making payment.
  2. Installment payments: Users can also choose to pay for their purchases in installments over a longer period of time, making it easier to manage larger purchases.
  3. Convenience: Shopee Pay Later is integrated directly into the Shopee app, making it easy for users to use the service without having to set up a separate payment method.
  4. No interest or fees (in some cases): In some cases, Shopee Pay Later may offer zero-interest and zero-fee payment options to users who meet certain criteria. This can be helpful for users who want to avoid interest charges and fees.
  5. Improved cash flow: Shopee Pay Later can help improve cash flow for users who may have limited funds or who prefer to manage their expenses over time.

It’s important to note that Shopee Pay Later may not be suitable for everyone, and users should carefully consider the terms and conditions of the service before using it. Additionally, while there may be some advantages to using Shopee Pay Later, users should always ensure that they can manage their payments and avoid accumulating debt.