How To Pay for SLoan Dues & Fees Shopee Users Must Be Aware Of

Guide on How To Pay for SLoan Dues to Shopee

Here is a guide on how to pay for your SLoan dues as well as the fees that are under the cash loan offer of Shopee.

Shopee has launched exciting offers for its users. One of them is the SLoan which is a cash loan offer that allows a user to borrow up to P100,000. It is payable in three (3), six (6), or 12 months.

With regards on how to pay for the SLoan dues, Shopee recommends the use of the ShopeePay so the payment will be reflected in real time. The e-commerce platform also suggests borrowers to pay for their bills at least two (2) days before the due date.

However, it is important to know that even though you will pay your SLoan due ahead of the deadline, the regular interest rates will still apply. In case you missed to pay for your loan due on time, here are some of the things you must be aware of:

A 5% monthly late payment fee will be applied to the overdue amount.
You cannot withdraw another loan from your SLoan.
You won’t be able to activate an account in other credit products, such as SPayLater.
Your benefits like Coins and Vouchers will be disabled until the loan due has been settled.
You may be restricted from using your Shopee account for online shopping.

How to pay for your SLoan due? There is an easy process and here is a guide on what you must do:

Go to Me or go to Finance Circle Page > SLoan > Pay Now > Select Payment Options > Pay.

Shopee currently does not allow arrangements for payment extensions, changing of due dates, partial payments, auto-debit arrangement (ADA), and payment plans. You may repay your loan due through any of the following:

ShopeePay Wallet (recommended for real-time posting of payments)
Payment Center/e-Wallet
Online Payment channels
Over-the-Counter
- Make sure to keep the confirmation slip or the receipt until Shopee has confirmed your SLoan repayment on your account.

In case your payment has not been reflected on your account within 24-48 hours business hours, it is best to contact the Shopee Customer Service. Ready your proof of payment before doing so.

With regards to the other fees under the cash loan offer of Shopee, here is a list of them: