Click "Apply Now" to sign up for Senheng PayLater.
Upon validation, enter your details accordingly.
You will receive a confirmation of success or failure.
If you are successful, head to our nearby outlets and spend your approved credit!
Frequently Asked Questions
What is Senheng PayLater?
Senheng PayLater is a consumer financing product powered by Boost Credit, formerly known as Aspirasi (Axiata Digital Capital Sdn. Bhd.). Senheng PayLater allows consumers manage their cashflow when making payments offline.
Who is eligible to apply for Senheng PayLater?
Senheng PayLater is currently offered to Malaysian citizens or foreigners legally residing in Malaysia and aged between 21 to 60 years old.
Is Senheng PayLater licensed or approved by any regulatory authority?
Senheng PayLater is a Shariah financing based on the concept of Commodity Murabahah as pronounced by our Shariah advisors. It is not funded by public deposits or regulated under the Moneylenders Act 1951.
How does Senheng PayLater benefit users?
Senheng PayLater is an unsecured Islamic financing to make financing quick, easy and accessible for individuals no matter where they are at in their journey of dynamic financial growth.
Following are the highlighted terms of Senheng PayLater:
Financing from RM500 up to RM3,000
Repayment in three (3) monthly installments
Is Senheng PayLater Shariah-compliant?
Yes, Senheng PayLater is Shariah-compliant and follows the concept of Commodity Murabahah.
Will I need a guarantor or collateral?
No guarantor or collateral is required.
How do I apply for Senheng PayLater?
The application for Senheng PayLater is via digital application only.
How long will take for the payment to be processed?
The payment will be processed within two (2) working days to the partner's bank account upon approval.
Where woul the financing amount approved for Senheng PayLater to be disbursed to?
The financing amount approved for Senheng PayLater would be disbursed to the partner's bank account.
What is the duration of repayment to Boost Credit?
The duration of repayment to Boost Credit is in three (3) monthly installments. Boost Credit aims to personalize financing based on the needs of the consumers to truly help the community achieve their business and life goals.
What would my financial obligations be?
The repayment of Senheng PayLater would be the duration repayment of the financing amount.
Can customers settle the financing prior to its maturity?
Yes, customers may settle the financing early. Please email us at email@example.com for further information.
What if I am unable to fulfil my financial obligations?
During facility tenure: Late Payment Compensation (Ta'widh) will be charged at 1% p.a. on such overdue amount under the Facility or such as part thereof or uch other method or rate as shall be stipulated by Shariah Advisor of the Boost Credit from time to time and not compounded.
Boost Credit reserves the right to take legal action and all costs incurred will be borne by the customer. This legal action will have an effect on your credit rating and may lead to difficulties in your future financing applications.
What other fees and charges will be charged by Boost Credit?
Sales and Service Tax (SST) (if any) and Stamping Fee (if any) may be applicable.
Can I apply for multiple Senheng PayLater?
Yes, each applicant is allowed to have more than one (1) Senheng PayLater financing contract at any one time.
I foresee having inquiries and requiring assistance during the onboarding process. Who should I speak to?