SPayLater introduces a Shariah-compliant motorcycle financing feature offering up to RM20,000 with flexible instalments, zero downpayment options, and full digital approval ahead of a full rollout in 2026.
Subscribe to our Instagram Channel for instant news & updates!
SPayLater has launched SPayLater Motorcycle, a new instalment-based financing option for motorcycle purchases. The feature is now in a pilot phase and will reach all users by early 2026.
The service builds on SPayLater’s BNPL model, which offers flexible, Shariah-compliant repayment plans. After five years in the market, SPayLater says its users show stronger financial maturity and rising demand for accessible credit.
SPayLater Motorcycle provides up to RM20,000 in financing with repayment terms of up to 60 months. The platform assigns credit limits through eKYC checks and income verification. Some users may qualify for zero downpayment, depending on submitted documents.
The new option gives buyers full vehicle ownership and flexible instalment choices. The entire application process is digital and Shariah-compliant, certified by Amanie Advisors.
The service aims to offer an alternative to conventional loans, which usually impose stricter requirements. Approved users can browse participating motorcycle brands in the app before visiting a dealership to complete their purchase and choose a payment plan.
SPayLater will release more details as the rollout continues into 2026.
Facebook
Instagram
X (Twitter)
YouTube
LinkedIn
RSS