Buy Now, Pay Later with myIOU
Shop for what you want, when you want, without breaking the bank. Split your purchases into affordable monthly instalments (up to 6 months) with ZERO interest to pay!
What do I need to apply for IOU?
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At least 18 years old and above
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A Malaysian NRIC (MyKad)
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Credit/debit card issued by Malaysian financial institutions
- Malaysian mobile number and email address
ZERO Interest
Split your payment into 2, 3 or 6 months* upon checkout with absolutely 0% interest.**
Instant credit approval up to MYR1,000
Complete the registration and get instant credit approval up to MYR1,000 and as high as MYR10,000 with myIOU Credit+.***
Pay with Debit or Credit Card
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Payment will be automatically charged to your card every month. Just sit back, relax and enjoy your purchase.
- Tenure for instalment plan is predetermined by respective merchants.
** Late payment fees of MYR5 or 1% on outstanding amount (whichever higher) will be incurred for overdue payment.
*** Instant approval of MYR1,000 credit limit will be granted between 9am – 10pm (including Sat, Sun & public holidays). Credit limit will be MYR0 between 10pm-9am and will be approved within 48 hours.
Need more credit limit?
Sign-up for myIOU Credit+ today to increase credit limit up to MYR10,000 !
*myIOU Credit+ is only for existing myIOU consumer.
**Request made before 12pm will be processed on same business day and request made after 12pm will be processed by next business day.
How myIOU Works
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Select myIOU when shopping online or scan QR code with myIOU app at in-store merchants.
- Confirm transaction details and complete your initial payment*. Remaining balance of total purchase will be split into monthly instalments.\
- Your card binded to myIOU will be charged automatically every month for the remaining instalments.
myiOU Credit + Up to 3500
myiOU Credit + Up to 10,000
