SPayLater Motorcycle introduced with up to RM20000 credit and 60-month instalments

 

For Malaysians who are looking for a convenient motorcycle instalment plan, SPayLater has announced a major expansion to its Shariah-compliant financing offerings with the introduction of SPayLater Motorcycle. It is a new feature designed specifically to help Malaysians purchase motorcycles through accessible, flexible credit.

 

What SPayLater Motorcycle Offers

SPayLater Motorcycle lets eligible users access up to RM20000 in financing for their motorcycle purchase, along with instalment tenures of up to 60 months. To determine eligibility and credit limits, users are required to undergo an eKYC verification and submit income documents through the platform.

The service is designed to offer a more flexible alternative compared to traditional vehicle loans. Users retain 100% ownership of their vehicle, and depending on document submissions, may also qualify for zero down payment. The financing is fully Shariah-compliant, certified by Amanie Advisors, and the entire application process is fully digital.

Once users complete their KYC and income submission, they can browse available motorcycle models from partnered brands and dealerships. After making a selection, customers simply visit the dealership to finalise the purchase and choose their preferred payment plan through SPayLater Motorcycle.

 

Rolling Out Through Q1 2026

SPayLater Motorcycle is currently in its rollout phase, with plans to make the feature available to all users by Q1 2026. The company says more details will be shared as the full launch approaches. Stay tuned for more trending tech news at TechNave.com.