Shopee Loan

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Shopee loan is an online financing option that allows you to borrow money from a variety of lenders. It can be used for business expenses or personal reasons, such as buying a new car or upgrading your home.

Loan parameters
  • Loan amount
    2500 - 100.000 PHP
  • Term
    3 - 12 months
  • Interest rate
    1 - 5 %
  • Age
    21+ years

Before applying for a loan, make sure you know what to expect and the fees involved. Also, check the interest rates and penalties you’ll be charged if you don’t pay your installments on time.


SLoan is a new feature on the Shopee horizon that rewards Shopee users with cash loan credits, based on our internal credit assessment criteria. Activate and verify your ShopeePay account to claim the best a la carte cash loan of its kind. With the aforementioned credit limits, you can splurge on a few things you may have always wanted but haven’t been able to afford. The best part? With a few taps on your smartphone, you can access your cash loan on the go. SLoan is one of the smallest lenders in the country, so it’s an affordable and convenient alternative to the conventional pawnshop.

MORE: Metrobank


Shopee has a Buy-Now-Pay-Later (BNPL) feature that allows qualified buyers to make purchases and pay them later. Users can choose to have their bills credited to them in two, three, or six months.

It’s a great option for shoppers who aren’t in a financial position to make payments immediately after purchasing an item. It also lets you save money on the transaction fee and interest rate of credit cards, which can sometimes be high.

You can activate the feature by visiting the SPayLater page on the Shopee app. It only takes a few seconds to do so. After that, you’ll be asked to provide your mobile number and valid ID.

In addition, you’ll need to make sure that your payment method is linked to the Shopee account. This is important so that your purchases don’t get delayed or cancelled due to a payment issue.

After you’ve verified your identity, you can activate your Shopee SPayLater account by selecting it from the Me tab and clicking “Activate Now.” Next, you’ll be sent an OTP number to enter in the blanks.

As with any BNPL loan, you need to make your payments within the given deadlines to avoid accumulating late fees. These include a processing fee of 0-2% and monthly interest ranges from 1-5% on items.

The SPayLater payment option is available to Shopee users who are at least 21 years old and have a valid ID. Applicants can use UMID, driver’s license, passport, national ID, or a PRC ID to verify their accounts.

If you’re a Shopee Platinum member, you can even choose your repayment term – ranging from 1 to 3 months. However, keep in mind that the longer you pay back your SPayLater bill, the higher the interest you will have to pay.

SPayLater is an easy-to-use option for online shoppers who need to make purchases but don’t have the funds to pay for them all at once. It’s a great way to get the best deals without having to compromise on quality or price.

The SPayLater feature has become a popular choice for online shopping enthusiasts who need to make purchases but aren’t in a financial position at the time. It’s also a good alternative to traditional loans from banks and other lenders, as it’s easy to use and doesn’t require a long application process.

Shopee Loan Requirements

You must be:

  • a Filipino citizen
  • at least 21 years old
  • a valid government-issued ID.

Shopee’s interest rate ranges from 1% to 5% of the principal amount. If you need a loan and want to use an online lending platform, consider using Shopee’s SLoan feature. This feature is available to eligible Shopee users and offers quick access to a cash loan with flexible payment terms of 3, 6, 9, or 12 months.

Payment options

The popular online shopping platform, Shopee, recently announced a new payment feature that lets its customers pay for their items at a later date. Called SPayLater, this option allows users to postpone their monthly payments for up to six months or convert them into a number of instalments.

In addition to SPayLater, Shopee also offers its users an installment loan. This option allows eligible shoppers to borrow up to P20,000.

With an installment loan, shoppers can spread their repayments over a set period of time to avoid interest charges. Shopee offers loans with terms of 3, 6, 9, and 12 months.

You can apply for a Shopee loan through the platform’s SLoan feature. This loan is available to qualified Shopee buyers, and a credit limit will be established based on the buyer’s Shopee activities.

When you activate your SLoan account, you’ll be asked to fill out a short form. The application will be reviewed within 24 hours. If everything checks out, you’ll receive an initial credit limit and a notification that your SLoan has been activated.

Activating your SLoan is easy. Just go to the SLoan section in your Shopee app, and enter the One-Time Password (OTP) or a valid government-issued ID. If you have trouble activating your SLoan, contact Shopee Customer Service.

If you’re a BillEase user, you can now top-up your Shopee account through your billie account on the ShopeePay platform. This is the latest collaboration between BillEase and Shopee, which will allow both companies to offer more convenient e-wallet top-up options for its users.

This is an important partnership for both Shopee and BillEase, as it will give both companies a competitive edge in the local market. The two companies are aiming to provide their consumers with more convenient and rewarding payment solutions, which can make online shopping easier and more affordable.

The new partnership is expected to boost the company’s growth, as more Filipinos turn to digital payments for their financial needs. A survey conducted by FICO in December 2020 revealed that over half of Filipinos prefer to use digital channels when paying for products and services.

Michael Dumaloan | Modified date: May 15, 2023

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Your comment

Carmen Martinez
10 June 2024
The service works great. Everything is clear and fast, the money arrived within 30 minutes after approval. Very pleased!
Rachel Cruz
05 April 2024
The service was excellent! I really liked everything, from submitting an application to receiving the money.
Ana Torres
31 January 2024
This was my first experience with an online loan, and I was pleased.
Isabel Tan
03 November 2023
The loan service is a reliable and effective way to solve financial difficulties. Very pleased with the result and efficiency.
Noble Romaguera
16 June 2023
I recently explored Shopee's beauty and skincare section, and it exceeded my expectations. The platform offered a wide variety of brands and products to choose from. I was able to find all my favorite skincare items at competitive prices. The packaging was secure, and the products were authentic. Shopee's rating and review system helped me select the best products based on customer feedback. The delivery was prompt, and I received updates throughout the shipping process. I'm thrilled with my beauty haul from Shopee and would highly recommend it to other beauty enthusiasts.
01 June 2023
I recently purchased a smartphone from Shopee, and I must say I'm highly satisfied with my purchase. The smartphone arrived in perfect condition and matched the description provided. Overall, it was a great shopping experience, and I would definitely recommend Shopee for electronics.


Josephine dela Cruz
This is the best online loan company when compared with others. Everything is quick and clear, it concerns receipt and repayment. You can use an extension if necessary. No compulsory insurances and nice bonus system
Isabel Solana
Faced with financial difficulties and did not know how to solve them. Suggested to pay attention to this site. It was very convenient and fast to apply for a loan and in the evening the money was credited to the account. Super!
Dizon Masangkay
When there is not enough money to pay, then you have to apply for a loan. The site is very helpful in making a choice. Here you can find up-to-date information and get acquainted with the creditors of the Philippines
Antonio Gonzales
I have heard many reviews about the company and only positive ones. Fast clearance, friendly staff. Permanent promotions and pleasant bonuses. If there is no time to come to the office, you can apply for a personal card through the mobile application.
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