Do you prefer buying essential goods online instead of going to the grocery store during the enhanced community quarantine? Now you can enjoy interest-free financing on essential goods on Lazada via BillEase.
From April 1-15, essential goods purchased on the Lazada platform and paid through BillEase will have 0% APR. Consumers will also enjoy a pay-later option of up to three months. Fintech company First Digital Finance Corporation (FDFC), which operates the digital credit app BillEase, said this interest-free financing will make it easier for consumers to buy the essential products they need amid the COVID-19 crisis. Particularly since Lazada has temporarily suspended its Cash on Delivery option to encourage cashless transactions and protect personnel and customers. Customers can avail of the limited offer here.
Encouraging cashless transactions
“We are taking extraordinary steps to alleviate consumer pain points at this difficult time,” FDFC CEO Georg Steiger said in a press statement.
This limited zero-based financing will allow consumers to avail of interest-free, installment credit solutions through their Lazada Wallet.
“In addition to extending payment deadlines and suspending penalties, we’ve partnered with Lazada to provide customers an option to defer payments in all essential products with zero interest and encourage the use of cashless-based transactions to minimize the risk of spreading coronavirus infection and ensure the practice of physical distancing,” Steiger said.
The limited offer from BillEase imposes no interest and charges only a small processing fee.
After creating a BillEase account, users can choose to fund their Lazada Wallet as a top-up option. After activating the installment plan, they can use the funds to purchase essential products. The entire process is instant to consumers with credit lines and terms continuously growing after successful repayment.