HeaderHamburger

Create and Orchestrate Short Term Business Financing Solutions with

Configure short term financing options for your customers based on their working capital cycle and requirements

Reasons to love PayLater Direct

Credit assessment as per working capital cycle

paymentpayment

Empower your buyers to purchase more inventory and fuel business growth.

Eligibility check

paymentpayment

Increase your customers' average cart value, and provide flexible payment.

Get approved in 48 hours

paymentpayment

Increase platform stickiness, which leads to longer user sessions and user satisfaction.

No Hidden Charges

paymentpayment

Attract more diverse pool of prospective buyers to your platform with B2B PayLater.

Flexible tenure

paymentpayment

Choose a flexible tenure ranging from 3 to 12 months allowing you to tailor your payment options.

Your Ultimate Guide to

What is the eligibility criteria?

downArrow

Your business is eligible for PayLater Direct if,

  • You have a business vintage of minimum 2 years
  • You have a yearly operating turnover of SGD 750,000 or more
  • You are a Singapore-registered entity with a minimum 30% Singaporean shareholding

What are the documents required?

downArrow

You will need to share the following documentation along with your PayLater Direct application.

  • Last 6 months' company bank statements in PDF format.
  • Last 12 month’s GST filings.
  • Audited financial statements from the last 2 years if you have applied for an SGD 250,000 or higher.

What are the fees and charges?

downArrow

PayLater Direct has following fees and charges.

  • Interest rate: Competitive and customized to your business needs.
  • Processing fee: 2% of your loan amount
  • Late fees: SGD 180 for every late repayment
  • Early Termination Fee: 5% of the total loan outstanding
No other fees are charged for PayLater Direct

Instant, short-term financing for urgent business spends

Elevate your business to new heights by restocking your inventory, consistently meeting market demands, and improving your cash flow and finances.

Use

Receivable Financing

paymentpayment

Convert outstanding capital that is tied up in unpaid invoices into cash. Accounts receivable financing speeds up cash flow while waiting for customers to pay.

  • Quick source of cashflow
  • Revenue stability
  • Effectively manage working capital cycle

Payable Financing

paymentpayment

Plug in readymade financing features to the payment infra and add any payable to a “pay now” workflow

  • Integrated lending workflow with payments
  • Increase platform engagement
  • Easier compliance and monitoring

Payroll Financing

paymentpayment

Earned wage access or flexible pay opens possibilities for companies to pay their employees on-demand. Basis how much employees have earned, they can draw down when they need it

  • High value benefit at relatively low cost
  • Talent retention
  • Improve employee productivity

Unleash Your Business Potential with CrediLinq