Key Aspects of Grab PayLater:
- How it Works: At checkout (online or in-store), select PayLater to pay either in full the following month or break the cost into 4, 8, or 12 installments.
- Costs: However, 4, 8 and 12-month installments may incur a interest rate – Pls check at store
- Eligibility: Users must be at least 21 years old (or 18 in some regions), have a verified account, be a Platinum, Gold, or Silver GrabRewards member, and have used the app for at least 6 months.
- Late Fees: If a payment is missed, the account is suspended, and a S$15 fee is required to reactivate it.
- Benefits: Allows for flexible budgeting and earning GrabRewards points on transactions.
- Activate: Go to the “Finance” tab in the Grab app, select “PayLater,” and follow the prompts to activate.
- Use: Select “PayLater” as the payment method at checkout in the app or at supported partner stores.
- Manage: Track your spending, view upcoming payments, and settle your monthly bill directly in the app
