Sonno Easy Payment Plan - Instalment Plan

sonno instalment plan cover

 

What is Easy Payment Scheme?

Easy Payment Scheme is the new feature offered by MOLPay to its merchants whereby allowing the merchants’ customers to convert their online transaction to an instalment with the Credit Card Company or financial institution.

Which bank’s card holder can participate?

The card holder can participate in the easy payment scheme if they are using credit card (Visa and MasterCard) issued by one of the following Credit Card Companies or financial institutions:

  1. AEON Credit
  2. Affin Bank
  3. Bank Simpanan Nasional
  4. Citibank
  5. Hong Leong Bank
  6. HSBC Bank
  7. Maybank
  8. MBF Card
  9. Public Bank
  10. RHB Bank
  11. Standard Chartered Bank

*Note: The above list is subject to changes from time to time in accordance respective bank policy without prior notice.

What are the minimum requirements for card holder to participate?

The card holder must transact minimum of Malaysian Ringgit (MYR) 500.00 via participating banks’ credit card (Visa and Mastercard only) in a single receipt. The minimum transaction amount eligible for Easy Payment Scheme also subjects to the tenure of instalment taken by the card holder.

Is it 0% interest for the card holder?

No, it is not a 0% interest instalment payment plan.

What are the differences between Easy Payment Scheme and 0% interest instalment plan?

0% interest instalment plan will not incur any additional fee (or interest) to the card holders when they participate in the program. With Easy Payment Scheme the card holder will be charged the interest by his/her bank.

How much interest charged to card holder under this easy payment scheme?

The interest charged is ranging from 2% to 10%, subject to the tenure of instalment taken and it also varying from bank to bank.

What are tenures offered under easy payment scheme?

The standard tenures offered by banks are 6 months, 12 months or any tenure defined by bank and it varies from bank to bank. 

How easy payment scheme works?

Step 1: Buyers select MOLPay as Payment Method during checkout and make the payment by credit card at Sonno online store.

Payment Method MOLPay Sonno Instalment Plan

Step 2: Select VISA or Mastercard as a Payment option and proceed with the card details. The credit card payment will be processed online as usual.

Sonno instalment payment option

Step 3: Once the card payment is authorized successfully, MOLPay merchants and buyers will be informed the payment status is successful.

Step 4: The buyer will be notified by MOLPay the steps of converting a transaction to an instalment for buyer’s bank including interest charged and tenure offered, either via pop up window or email.

Step 5: Buyers just follow the instruction as stated in the popup window or email to convert their transaction into instalment.

Step 6: If bank approved buyers’ request, buyers just pay back to their back on instalment basis as they applied with the bank.

Note: Step 4 only is activated when buyer is found to make Malaysian Ringgit (MYR) 500.00 and above via credit card (of participating bank) successfully.

Credit Card Companies or financial institutions offering the Instalment Scheme. 



AEON Credit Service

INSTRUCTION
Pay minimum RM500 (or minimum amount set by bank) for your purchases in a single receipt via MOLPay with your AEON credit card. Just call 03-27199999 to convert.
FEES & VALIDITY
Subject to AEON Credit policy  

Affin Bank (EiPlan)

INSTRUCTION
Pay minimum RM1,000 (or minimum amount set by bank) for your purchases in a single receipt via MOLPay with your Affin Bank credit card. Just call 03-55223000 from 8am-9pm (Mon-Fri) to convert. For After 9pm, Saturday, Sunday and Public Holiday, please call 03-79475488.
FEES & VALIDITY
Subject to Affin Bank policy

AmBank

INSTRUCTION
Make a purchase of at least RM1,000 (or minimum amount set by bank) in a single receipt via MOLPay using Ambank credit card. Call AmBank at 03-2167-3000 after making your purchase.
Identify purchase(s) to be converted by referring to sales draft or monthly credit card statement. Choose your preferred repayment plans of 6, 12, or 18 months.
FEES & VALIDITY
Subject to AmBank policy

Bank Islam

INSTRUCTION
Make a purchase of at least RM1,000 (or minimum amount set by bank) in a single receipt via MOLPay using Bank Islam credit card. Cardmember may apply by calling Bank Islam Contact Centre at 603 26 900 900. Identify purchase(s) to be converted by referring to sales draft or monthly credit card statement. Select an instalment payment tenure of either 3, 6, 12, 18, 24 or 36 
*Opened to all Bank Islam Cardmembers residing in Malaysia (except Visa Debit) 
FEES & VALIDITY
Subject to Bank Islam policy 

BSN (BSN EasyPay)

INSTRUCTION
Make a purchase of at least RM500 (or minimum amount set by bank) in a single receipt via MOLPay using BSN credit card. Just call BSN Customer Service at 1300885855 three (3) days after the purchase date of before your next credit card statement date, whichever is earlier. Upon approval, your first instalment will be shown in your next statement.
FEES & VALIDITY
Subject to BSN policy 

Citibank (FlexiPayment Plan)

INSTRUCTION
Pay minimum RM500 (or minimum amount set by bank) for your purchases in a single receipt via MOLPay with your Citibank credit card. After you purchase or when you receive your statement (before your payment due date), select the purchase you wish to convert to FlexiPayment Plan and decide repayment tenure. Apply for FlexiPayment Plan Online at http://www.citibank.com.my/english/existing-cardmembers/- cardmembers-flexi-payment.htm
OR
Call 03-23830000 (Kuala Lumpur), 04-2960000 (Penang), 07-2680000 (Johor Bahru) or 1800821010 (Sabah & Sarawak) anytime, any day to convert your transactions.
FEES & VALIDITY
Subject to Citibank policy

HSBC

INSTRUCTION
Pay minimum RM 500 (or minimum amount set by bank) for your purchases in a single receipt via MOLPay with your HSBC Bank credit card.
Just call HSBC Customer Service at 1300-88-1388 three (3) days after the purchase date with in 30 days.
FEES & VALIDITY
Subject to HSBC Bank policy 

Maybank 

INSTRUCTION
Pay minimum RM500 (or minimum amount set by bank) for your purchases in a single receipt via MOLPay with your Maybank credit card.
Use one of the following methods: 

    1. Maybankard members can also walk in to these Maybankard centers to convert their transactions: One Utama, KL Main (Menara Maybank), KLCC
    2. Fax: 03-7953 8600
 
    3. Email: mbbcardservices@maybank.com.my

    4. Call: 1300886688 (Maybankard); 1800881801 / 03-20748800 (Platinum Maybankard)

FEES & VALIDITY
Subject to Maybank policy 

OCBC Bank

INSTRUCTION
Make a purchase of at least RM1,000 (or minimum amount set by bank) in a single receipt via MOLPay using OCBC credit card.
Cardmember may apply for the Programme by calling OCBC Contact Centre at 1300 88 5000 within fifteen (15) days from the Date of Purchase.
Identify purchase(s) to be converted by referring to sales draft or monthly credit card statement. Select an instalment payment tenure of either 5, 10 or 20 months.
FEES & VALIDITY
Subject to OCBC Bank policy

Public Bank

INSTRUCTION
Pay minimum RM1,000 (or minimum amount set by bank) for your purchases in a single receipt via MOLPay with your Public Bank credit card.
To participate, register via SMS and send to 33310 with the following details:
PBFP<space>16-digit credit card number<space>Approval code<space>flexipay tenure
FEES & VALIDITY
Subject to Public Bank policy

RHB Bank (Dial-An-Instalment)

INSTRUCTION
Make a purchase of at least RM500 ( or minimum amount set by bank ) in a single receipt via MOLPay using RHB Bank credit card. Just call RHB Bank Customer Service at 03-92068118 or 082-276118 three (3) days after the purchase(s). Identify purchase(s) to be converted by referring to sales draft or monthly credit card statement. Choose from flexible pre-determined repayment plans of 6, 12 or 24 months.
 Upon approval, your first instalment will be shown in your next statement. *Not applicable to RHB Business Credit Cards 
FEES & VALIDITY
Subject to RHB Bank policy 

Standard Chartered Bank

INSTRUCTION 
Make a purchase of at least RM500 ( or minimum amount set by bank ) with your Standard Charted Bank credit card via MOLPay. Login to Standard Chartered Online Banking. Select the credit card transaction(s) you wish to apply for FlexiPay and submit the application. See screenshots here.
FEES & VALIDITY
Subject to Standard Chartered Bank policy

UOB

INSTRUCTION
Call our customer service at 03-26128121.
Must be call in within 20 days from transaction date.
 Subject to approval and approval is within 1 week.
 Upon early settlement, there will be penalty charges of RM50.
FEES & VALIDITY
Subject to UOB policy

More details about Easy Payment Scheme our FAQs