Hooray! Malaysian private vehicle owners. You can now renew car insurance on Bjak with ShopBack PayLater, a new paylater method to our list of Buy Now Pay Later (BNPL) options. Bjak began offering instalment payment options for its customers in 2021, with Atome as the first paylater option on the platform.
With ShopBack, we now have 4 instalment payment methods to make the insurance renewal process much easier, more flexible and safer for everyone. Read on to find out more about ShopBack PayLater and how it works on our platform.
What is ShopBack PayLater?
ShopBack is a coupon company that enables shoppers to get cashback from online and in-store purchases. The company is well-known for providing the best prices, offers and exclusive deals for customers who are looking to make the most out of their shopping experience. It does this by partnering with various brands in many countries.
ShopBack PayLater, on the other hand, is a financial service that allows users to manage their finances through instalment payment options much like PayLater by Grab and SPayLater by Shopee. It does this by offering instalment plans of up to 3 months for those who can’t afford a lump sum payment of their purchase.
How ShopBack PayLater works?
In order to use ShopBack PayLater, you will need to fulfil certain requirements. One of them is to own a ShopBack account where payment can be made without interruption. Follow these simple steps to start paying for your car insurance and roadtax:
- Start by downloading the ShopBack mobile application from Google Play Store or Apple App Store.
- Create an account with the ShopBack app
- Sign in and set up the PayLater function
- Link your credit/debit card to your ShopBack account and complete the identity check
- Once completed, you can start using ShopBack PayLater to make purchases online
How to pay using ShopBack on Bjak?
Making a purchase using ShopBack on Bjak is simple and easy. All you have to do is to is:
- 1) Request a free insurance quote from Bjak
- 2) Select your preferred car policy and proceed to checkout
- 3) Look for the ShopBack logo on the checkout page
- 4) Click on it and proceed to complete your renewal
- 5) Pay 1/3 of the bill upon checkout and the remaining 2 instalments in the upcoming months
*Note: The second instalment payment will be automatically deducted from the default card on your ShopBack account 30 days from the checkout date, while the third instalment payment will be deducted after 60 days from checkout.
ShopBack charges late payment fees on overdue payments as per below:
| Order Value | Late Payment Charge |
| RM0.00 – 99.99 | RM7.50 |
| RM100.00 – 499.99 | RM25.00 |
| RM500.00 and above | RM75.00 |
Benefits of ShopBack PayLater
Like many paylater options on Bjak, ShopBack lets you enjoy these benefits at no cost.
- 3 monthly instalments – Take control of your finances using ShopBack PayLater. This payment method allows you to pay your bill in three equal amounts upon checkout. Like many other instalment options, you don’t have to worry about settling the full payment in one go.
- No interest – You can enjoy interest-free payments on insurance and roadtax renewal using this paylater option. There are no hidden charges on ShopBack as well for all payments that are made on time.
- Use cashback – Reduce your upfront payment by using the available cashback in your ShopBack account to settle the first instalment payment in part or full.
Renew car insurance with ShopBack
Insurance renewal has never been more convenient, with instalment options that one could only dream of in the past. Bjak’s BNPL methods are a game changer in the way people think about insurance. We are always committed to offering the best service for all.
So, if you haven’t considered renewing your auto insurance on Bjak, this is the right time. Take control of your finances with our instalment options, and don’t worry about having to pay in full when you’re on a tight budget.
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Get your free insurance quote from Bjak today!
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