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Home » Bjak Buy Now Pay Later: 6 Benefits Of Using It

Bjak Buy Now Pay Later: 6 Benefits Of Using It

    Buy Now Pay Later benefits - cover

    Renewing your car insurance and road tax annually can be a hassle, especially when running short of cash. With Malaysia’s deteriorating economic situation, many are finding it hard to make ends meet.

    So, in times like this, financial planning is crucial. But mandatory expenses like car insurance and road tax renewal can burden some. That’s why insurance comparison platforms like Bjak offer the Buy Now Pay Later (BNPL) option that makes it easier to manage your bills.

    Why Bjak Buy Now Pay Later?

    To those of you who don’t know, Bjak has been offering the BNPL option as a mode of payment for car insurance and road tax renewal since 2021. This service is possible with an exclusive partnership with Atome, a financial company that offers instalment payment options for people.

    Bjak Buy Now Pay Later Service

    If you’re a frequent user of this platform, you’d probably already know how it works and some of its benefits. With Atome now available on Bjak, you can have the following benefits when you renew your car insurance and road tax.

    0% interest

    It’s common for most instalment plans to charge customers a certain interest for the agreed payment duration. This is mostly done for learning profit.

    But with Bjak’s BNPL, no interest is charged towards customers. If your total bill is RM900, you will only pay the full RM900 at the end of the payment cycle without additional charges.

    Three instalment payments

    Atome splits your bill into three equal payments for a tenure of three months. Let’s say you renewed your car insurance using Bjak’s BNPL; the total bill is RM1200.

    Instead of paying the full bill in one go, you will pay RM400 for the first month and the remaining RM800 for the next two months. The payment cycle will be set by Atome, depending on your transaction date.

    No credit card needed

    You don’t need to own a credit card to use Bjak’s BNPL. The payment option is available even if you don’t have a credit card. However, you will need a debit card so Atome can perform monthly deductions from your account when the payment is due.

    Compared to credit cards, debit cards are a form of contactless payment that most people have these days. So it’s less of a hassle.

    No minimum spending

    There is no minimum spending if you want to use this payment method. In other words, you can use it to renew any car, motorcycle insurance, and road tax. Regardless of your transaction amount, you can easily select BNPL at checkout to complete the renewal.

    Instant renewal

    Using Bjak’s Buy Now Pay Later guarantees instant vehicle insurance and road tax renewal. You can renew now and get the digital road tax and the insurance cover note within the same day.

    Compared to a physical renewal, the BNPL option saves time, and you don’t need to worry about settling the full payment in one go.

    Open to all

    Bjak’s BNPL is open to all Malaysians. If you are a car or motorcycle owner, you can use this service to renew your vehicle’s insurance and road tax. There is no additional information requirement to use this service.

    Since Bjak strives to make road tax and insurance renewal less of a burden for Malaysians, the BNPL payment option is available for everyone to try out.

    Benefits of using Bjak Buy Now Pay Later

    Renewing car and motorcycle insurance and road tax has never been easier. Bjak’s BNPL creates a win-win situation for vehicle owners and insurance companies.

    If you’d like to read more on how to BNPL, click here to find out. Remember to share this info with your family and friends.

    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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