Shopee has quietly begun to offer a personal loan service called the SLoan to selected users in Malaysia. The company has previously offered the service in the Philippines while in Indonesia and Thailand, the service is known as SPinjam and SEasy Cash, respectively.

Through SLoan, Shopee Malaysia customers are able to obtain cash loans within 24 hours. According to the service’s FAQ document, the first withdrawal from the service must be at least RM1,000 while subsequent withdrawals have to be in multiples of RM100.

While the document explicitly noted the minimum loan amount, it didn’t provide any information regarding the maximum amount of loan that customers can obtain from the service. That being said, several screenshots within the FAQ document noted that the maximum amount of loan is RM100,000.

During the loan withdrawal process, customers can choose their repayment tenure to be either 3, 6, or 12 months. If they choose to have the loan disbursement through the ShopeePay wallet, they will then receive the cash immediately but for disbursement into the bank account, the FAQ document noted that the process would take up to one day to be completed.

Syukur..interest free instalment for purchase?

buy first pay later..macan CC
inb4 jack Ma ant bank kena Banned

18% per annum and extra charges.

Shopee is not free credit anymore.

1.5% "processing" fee.

Now only know ke. Long time already no free bnpl. Not even one month free.

time to join the suicide squad

I shocked when i read news that South Korea 65yr old will be 40%off their population by 2050.