Shopee is gradually expanding its digital financial services with the rollout of SLoan. This is a Shopee personal loan product with a similar interest rate to SPayLater.
At the moment, it is being offered to selected users and the SLoan feature will appear in your Shopee profile below “My Wallet” if you’re eligible.
According to Shopee’s FAQ, SLoan is a digital financing solution which gives consumers more financial flexibility to meet their needs. It promises to offer easy application and fast approval within 24 hours. Users can choose from flexible payment terms and repay securely through online banking or Shopee Pay.
SLoan is powered by SeaMoney and they offer credit up to RM100,000. The maximum disbursed amount depends on the individual eligibility. It is open to Malaysian citizens and permanent residents aged 18 years and above.
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