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SPayLater: How to Activate and Get an Installment Loan via Shopee

SPayLater: How to Activate and Get an Installment Loan via Shopee

SPayLater is Shopee's installment feature, where users can choose a "Buy Now, Pay Later" option or a loan for an item and then pay it off monthly. Know how to activate, register, and get installments loans via Shopee through the app's SpayLater feature.

(UPDATED 04/07/2022) For long-time Shopee users, you can use the installment feature of Shopee for buyers, which is the SPayLater. It is a "Buy Now, Pay Later" arrangement for qualified users with limited funds by the online marketplace platform. 

Unlike other online marketplaces, Shopee is the first to offer this feature where buyers can choose to buy a product and pay it later or apply for an installment loan with a low processing fee of 0 to 2% of the total amount of their product purchases.

As of September 6, 2021, only selected buyers can use Shopee's SpayLater feature. However, they cannot use SPayLater to buy products from the following categories: vouchers, jewelry, gold, and digital items.

If you're looking for a way to get an installment loan through Shopee, you are in the right place! Read below for the step-by-step guide on how to activate SPayLater.

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What is SPayLater?

SPayLater (or ShopeePayLater) is the newest feature of Shopee for qualified and long-time users of the online marketplace and e-commerce platform. Qualified users may opt for a "Buy Now, Pay Later" scheme upon purchasing a product in Shopee or avail of an online installment loan.

Currently, said feature is limited in the Philippines and only available to selected users or buyers and those using the platform for a long time.

Who is eligible for SPayLater?

Individuals eligible to use the SPayLater feature of Shopee may check their account if said service is available. To do this, they must open their Shopee app and then go to their profile page by clicking the "ME" button. They must go to the  "My Wallet" section on the profile page and check if SPayLater is already available on their account.

An individual can check their eligibility on the profile page in the "My Wallet" section. If they are qualified buyers or users, the SPayLater button should appear in the "My Wallet" section, as seen in the image above.

What are the requirements to avail SPayLater?

If you are a qualified user, you must provide Shopee a valid government-issued ID and fill out an application form to activate SPayLater. There are only six (6) IDs that Shopee recognizes upon applying for SPayLater, and they are the following:

  • UMID;
  • Driver's License;
  • Passport;
  • Postal ID;
  • PRC ID; and
  • National ID.

How to activate SPayLater via the Shopee app?

To activate the SPayLater feature of Shopee, go to the profile menu and click the "Activate Now" button. Afterward, enter the OTP code sent to your mobile number and then upload a valid government-issued ID. Once you completed the verification process, you will receive a notification that your application is approved.

You may also follow the easy and simple steps below:

Step 1 - Go to the profile menu of your Shopee app

On the Shopee app, go to the profile menu by clicking the "ME" button and then click on the "ACTIVATE NOW" button under the SPayLater button. Note: The SPayLater button will only appear to qualified buyers. If it doesn't appear on your Shopee app, it means that your account is not selected to avail of SPayLater and its benefits,

Step 2 - Click "Activate Now" and enter the OTP code

After you click the "ACTIVATE NOW" button, you will receive an OTP code or one-time password sent to your registered mobile number. You must enter it and click on the "NEXT" button to continue with your activation.

Step 3 - Upload your valid government-issued ID

Once you're done entering the OTP code, you will be required to upload or capture a photo of your valid government-issued ID. You may choose from the following: UMID; Driver's License; Passport; Postal ID; PRC ID; and National ID or PhilID.

To upload a copy of your valid ID, select first the type of ID you want to capture. Afterward, click on the button saying "Upload your ID" to start capturing your valid ID. Note: The ID you will upload must be valid (non-expired) and should be clear, so avoid capturing a blurry photo of your ID.

After you upload a photo of your ID, you must provide the following details: ID number, first name, middle name, and last name. Click on the "CONFIRM" button once finished.

Step 4 - Fill out the SPayLater application form

You must fill out the SPayLater application form to continue its activation. Just provide the following information on the required fields: gender, nationality, date of birth, place of birth, employment status, company/business name if applicable, and your emergency contact.

Afterward, tick the boxes indicating that you agree with SPayLater's terms and conditions, fee structure, and privacy policy. Click on the "CONFIRM" button to continue.

Step 5 -Complete the verification and activate your SPayLater

After filling out the application form, you must start the verification process by clicking on the "START FACIAL VERIFICATION." Just follow all the requested face gestures by the app and once you're done, wait for the verification process to be completed.

If the verification is successful, you will receive a notification that you have activated your SPayLater as seen on the image below:

By this point, you will be requested to choose your due date. Select the date you prefer paying your SPayLater installment loan, either on the 5th or 15th day of the month. Tap on "Confirm" to continue.

Once the activation is done, you can check the total available credit that you can use to pay bills or buy items on Shopee through the SPayLater feature. Make sure to only use it if you really need to.

Related: How to transfer funds from ShopeePay to GCash?

When should I pay my SPayLater bill or installment loan?

Paying your SPayLater installment loan depends on the due date you have chosen (for newly approved users): either on the 5th or 15th day of the month. It's much better to pay your SPayLater bill three (3) days before the date you have selected to avoid higher interest rates and charges.

The billing details for your installment loan will be reflected under the “My Bills” section of the SPayLater page. You may refer to the table below for the loan summary of billing cycles starting on the 5th of the month (according to Shopee):

Orders Completed On Billing Date Due Date
Jun 5 to Jul 4 Jul 5 Jul 15
Jul 5 to Aug 4 Aug 5 Aug 15
Aug 5 to Sep 4 Sep 5 Sep 15
Sep 5 to Oct 4 Oct 5 Oct 15
Oct 5 to Nov 4 Nov 5 Nov 15
Nov 5 to Dec 4 Dec 5 Dec 15
Dec 5 to Jan 4 Jan 5 Jan 15
Jan 5 to Feb 4 Feb 5 Feb 15
Feb 5 to Mar 4 Mar 5 Mar 15
Mar 5 to Apr 4 Apr 5 Apr 15
Apr 5 to May 4 May 5 May 15
May 5 to June 4 Jun 5 Jun 15

How much is the interest rate for SPayLater's installment loan?

According to Shopee, "Interest rates may vary for items from different product categories." Its monthly interest ranges from 1 to 5% for the total amount of an item. SPayLater also has a processing fee of 0 to 2% per transaction amount, so you need to pay your SPayLater bill on time to avoid additional charges.

You may also check below for the details of SPayLater's interest fee and other charges:

Processing Fee Interest Rate Late Payment Fee
0 to 2% of the total amount 1 to 5% per month on total order The interest rate will be based on your personal credit profile 2.5 to 5% This monthly rate is applied to the outstanding amount

How to pay my SPayLater bills and installment loans?

Your SPayLater billing details will reflect on the SpayLater section every 5th or 25th day of the month and include information on your completed and refunded orders. To pay your SPayLater bill, just go to the profile menu and then select SPayLater and then click on "PAY NOW."

On the "Payment Method," you must select the mode of payment which can be done through the following: ShopeePay, Payment Center/e-Wallet, Online Payment, or Over-the-Counter. It is advisable to use either ShopeePay or other E-Wallets and mobile banking apps such as GCash, BPI, or as a mode of payment.

If you have a BPI account, it's easy to transfer money to your GCash and then to your ShopeePay (BPI-GCash-ShopeePay). Know the details here: How to transfer money from BPI to GCash?

What happens if I don't pay my SPayLater bill on time?

If you cannot pay your SPayLater bill on time or by the due date you selected, your credit will be stopped. If this happens, you need to repay first your outstanding amount for your SPayLater credit to be reactivated. Continous delays of payment may lead to your Shopee account becoming suspended.

A late payment charge of 1.5% will be charged on the unpaid overdue amount every month, according to Shopee.

How do I raise my SPayLater credit limit?

If you want to increase your SPayLater credit limit, make sure to have a good repayment performance. Always continue using your SPayLater to pay your bills or purchase items on the Shopee marketplace and pay your SPayLater bill on time.

Other Frequently Asked Questions (FAQs) about Shopee SPaylater:

When I pay with SPayLater, do I still get to collect Shopee Coins?

Yes, you can still get Shopee Coins if you pay with SPayLater. Your Shopee Coins entitlement will be credited to your account once you have verified receipt of your order.

Why don't I have the option to enable the SPayLater service?

Currently, only eligible and selected Shopee users will be given the choice to activate and use the SPayLater service. Shoppee is working hard to expand the availability of the SPayLater service to more people in the near future. So keep an eye out!

What options are there for SPayLater customers to make their monthly payments?

Users have four repayment options, which are as follows:
  • 7 to 11 cash payment
  • Banking over the internet
  • Wallet ShopeePay
  • Card (Credit/Debit)

What happens if I fail to make a timely payment?

When you use the SPayLater function, you must make complete repayments according to your SPayLater invoices.

If you do not make complete repayment by the 10th of each month, your SPayLater and/or Shopee accounts will be stopped, and you will be charged a monthly Late Payment Charge of 1.5 percent on the outstanding overdue amount.

Why am I getting calls about repayments?

If you do not make complete repayment of the outstanding amount by the 10th of each month, your SPayLater account will be considered overdue, and your account will be frozen. We will also have no choice but to contact you to notify you of the outstanding payment and, if necessary, assist you further in the repayment process.

Shopee, on the other hand, will remind you of your bill payback in a variety of ways (SMS, In-App Push Notifications, Bills Automated Calls, and others) before your SPayLater bill due date.

Where Can I View the Transaction History of SPayLater?

You may check your transaction history by clicking "Latest Transactions" on the SPayLater homepage, which can be accessed through the "Me" tab. You will be able to see your most recent transactions performed using the aforementioned option.


Shopee's SPayLater feature is a must-have for individuals who want to pay their bills or buy something but lack funds. Activating it is easy as long as you have the required valid ID from their choices. For other information inquiries about Shopee's SpayLater, you may contact their customer at 02-8880-5200 (from 7 AM to 7 PM during weekdays, and 9 am to 6 pm during weekends) or email them through this link. —AJ Yes/iTacloban

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