Your car insurance renewal is due, but paying the full premium in one go would stretch this month’s budget. If you already use Grab or Shopee, there may be an easier way to spread the cost.
On BJAK, Grab PayLater and SPayLater are among the Buy Now, Pay Later (BNPL) options you may see at checkout. BNPL simply means you get your policy now and pay for it in smaller amounts over a few months.
This guide explains how each option works when you renew your car insurance, what it costs, and what to check before you tap confirm.
Can You Renew Car Insurance with Grab PayLater or SPayLater?
Yes, if the option is offered to you. BJAK’s car insurance payment options page lists Grab PayLater and SPayLater as BNPL providers alongside Atome and AhaPay.
Whether you can actually use one depends on two things. You need an account with that provider, and the provider must approve the transaction under its own criteria. BJAK does not decide who gets approved.
If you do not see Grab PayLater or SPayLater at checkout, it usually means the option is not available for that transaction or your account. You can still choose another payment method.
Grab PayLater vs SPayLater at a Glance
Here is how the two options compare for a car insurance payment on BJAK, based on the figures listed on BJAK’s payment options page at the time of writing.
Grab PayLater
SPayLater
Repayment period on BJAK
4 to 12 months
1 to 12 months
Provider fee
6.5% of the amount financed
6.5% of the amount financed
Order limit on BJAK
Up to RM1,500
No stated limit
Account you need
Fully verified Grab account, approved for PayLater
SPayLater account approved by the provider
Late charge
RM10 per overdue bill
RM10 or the bill principal, whichever is lower
Terms can change and may differ from one customer to another. The amount shown at checkout is the one that applies to you, so always check it before you pay.
How Grab PayLater Works for Car Insurance
PayLater by Grab lets eligible users split a purchase into monthly payments. According to Grab’s PayLater page, you can choose 4, 8 or 12 monthly payments, and the first instalment is charged immediately.
Who can use Grab PayLater?
Grab lists these basic requirements:
You are 21 years old or above.
Your Grab account is fully verified.
Your Grab app is updated to the latest version.
Meeting these points does not guarantee access. Grab says approval is subject to its internal review, so some users will not see PayLater in their account.
Order limit and fees
On BJAK, Grab PayLater accepts orders of up to RM1,500. If your renewal costs more than that, for example after adding roadtax or extra cover, you may need to pick another payment method.
BJAK lists a provider fee of 6.5% of the amount financed for Grab PayLater. As a simple illustration, a fee of 6.5% on RM1,000 works out to RM65, so check the total payable and not just the monthly amount.
What if you pay late?
Grab charges a flat RM10 late payment charge for each overdue bill. Your PayLater account can also be suspended until you settle what you owe.
How SPayLater Works for Car Insurance
SPayLater is Shopee’s BNPL service. On BJAK, it is listed with repayment periods of 1 to 12 months and no stated order limit.
The provider fee listed by BJAK is also 6.5% of the amount financed. Shorter or longer periods may not be offered to everyone, as the options you see depend on your SPayLater account.
What if you pay late?
According to Shopee’s help centre, the late charge is RM10 or the bill principal, whichever is lower. Missing a payment can also lead to your SPayLater and Shopee accounts being suspended.
You need to pay the full amount shown on your monthly SPayLater bill. Paying only part of it does not count as paying on time.
How to Pay for Your Renewal with BNPL on BJAK
The steps are similar for both providers:
Get your car insurance quotation on BJAK and choose the policy and add-ons you want.
Go to the payment page and select Grab PayLater or SPayLater, if it is shown.
Follow the prompts to log in or continue in the Grab or Shopee app.
Choose a repayment period from the options offered to you.
Check the fee, the instalment amount and the total payable.
Confirm the payment.
Once payment is complete, keep your policy documents and your BNPL payment schedule somewhere easy to find.
Does Paying with BNPL Change Your Cover or NCD?
No. BJAK states that paying in instalments does not change the coverage stated in your policy. Your payment method also does not determine your No Claim Discount (NCD).
What you are covered for still depends on the policy you buy, such as comprehensive or third-party cover, and any add-ons you select.
Other Ways to Pay on BJAK
Grab PayLater and SPayLater are not your only choices. BJAK also offers:
Easy Payment Plan (EPP) with an eligible credit card, for orders of at least RM500, with tenures set by your bank.
Other BNPL providers, namely Atome and AhaPay.
Full payment by credit or debit card, FPX online banking, or cash at 7-Eleven or KK Mart through Pay at Counter, where available.
BJAK does not charge additional service fees. Any instalment or payment provider charge should be shown before you pay, as explained in our Trust Centre answer on hidden fees.
What to Check Before You Choose BNPL
BNPL makes a renewal easier to manage, but it is still money you have to repay. Before you confirm, check:
The total amount payable, including the provider fee.
The number of instalments and the amount of each one.
The dates your payments are due.
The late charge and what happens to your BNPL account if you miss a payment.
Whether the order is within the provider’s limit.
A longer repayment period gives you smaller monthly payments, but it does not reduce the fee. Pick a plan you can comfortably keep up with.
Renew Your Car Insurance Online with BJAK
When you renew online, you can see every payment option available to you before you commit. If your roadtax is due at the same time, you can check the latest roadtax prices by engine capacity first.
Can I use Grab PayLater to renew my car insurance on BJAK?
Yes, if Grab PayLater is offered to you at checkout. BJAK lists it with repayment periods of 4 to 12 months for orders of up to RM1,500. Grab must also approve your account under its own criteria.
Can I pay my car insurance with SPayLater?
Yes. SPayLater is one of the BNPL options listed on BJAK, with repayment periods of 1 to 12 months. The periods you see depend on your SPayLater account and the transaction.
How much does it cost to pay car insurance with Grab PayLater or SPayLater?
BJAK’s payment options page lists a provider fee of 6.5% of the amount financed for both Grab PayLater and SPayLater. The exact charges and total payable are shown at checkout before you confirm.
Why can't I see Grab PayLater or SPayLater at checkout?
The provider may not have approved your account, your order may be above its limit, or the option may not be available for that transaction. For Grab PayLater, orders on BJAK must be RM1,500 or less. You can still pay by card, FPX, EPP or another BNPL provider.
What happens if I miss a BNPL payment?
Grab charges RM10 for each overdue PayLater bill and may suspend your PayLater account. For SPayLater, the late charge is RM10 or the bill principal, whichever is lower, and your accounts may be suspended.
Does paying with BNPL affect my insurance cover or NCD?
No. BJAK states that paying in instalments does not change the coverage in your policy, and your payment method does not determine your NCD.
Nabil Farhan· · 6 min read
