Shopee SLoan is a digital loan for up to RM100000, but just for a select few for now


Shopee has come out with their SLoan digital financing loan for buyers (normal users) that can offer loans from RM1000 to RM100000. SLoan stands for Shopee Loan and was already announced for sellers back in November 2022. However, for now, SLoan is only available to a select few users.

According to Shopee it’s an easy application process within the Shopee app itself with a fast loan approval within 24 hours. There’s also secure multi-channel repayment features and flexible loan tenures. To be eligible, you have to be a Citizen / Permanent Resident / Armed Forces of Malaysia and are at least 18 years old. 

There are certain fees related to SLoan which include 0.5% of the loan amount for the Stamping, RM5 per loan for the Attestation Fees and a 1.5% per month or 18% per annum interest rate on the loan amount. If you’re late, you’ll have to pay an 8% per annum penalty.

For more details, check out the site, but we would recommend that you think things through before you make any decision. As always, stay tuned to