SPayLater is now expanding its Shariah-compliant financing offering with the introduction of SPayLater Motorcycle, especially for Malaysians who want an easier motorcycle installment plan.
This mobile system was introduced to make it easier for Malaysians to buy motorcycles through flexible and easily accessible credit.
What do you get with SPayLater Motorcycle?
SPayLater Motorcycle allows users to qualify for financing of up to RM20,000 for motorcycles with an installment period of up to 5 years.
To establish eligibility and credit limit, users need to complete the eKYC verification process, as well as upload income documents via the digital platform.
In addition, this service is designed to offer a more flexible alternative to traditional vehicle loans.
Users retain full ownership of the vehicle and based on the documents submitted, they may be eligible for a zero down payment.
This financing is fully Shariah-compliant, verified by Amanie Advisors and the entire application process is carried out digitally.
After completing KYC and submitting income documents, users can review motorcycle models from brands, as well as partner dealers.
After selecting a vehicle model, they only need to visit a dealer to finalize the purchase and choose a payment plan through SPayLater Motorcycle.
SPayLater Motorcycle is currently in the launch phase with plans to expand to all users by the first quarter of 2026.
