(Updated: July 23, 2024)

In today’s digital age, online shopping plays a substantial role in our lives, particularly for those with busy schedules. It allows us to make purchases using a debit card, a valid credit card, or an internet bank account. In this guide, we will provide a comprehensive understanding of how to avail of the “Credit Card Installment” in Lazada. This feature allows you to break down your total payment into manageable monthly installments, enabling you to purchase items that may otherwise seem out of your budget.

Understanding Credit Card Installment on Lazada

What is Lazada credit card installment? To put it simply, Lazada offers installment plans for credit cardholders and non-credit cardholders. 

For credit cardholders, Lazada only allows BDO Credit Cards. They offer 3-month, 6-month, 12-month, 18-month, 24-month and 36-month payment installments. Take note that Lazada does not accept BDO ATM/Debit Cards and non-BDO cards. 

To use the BDO Credit Card Installment feature for your purchases, you need to first log into your Lazada account and choose the BDO Installment option when you’re checking out. Please note that the BDO Installment option requires a minimum purchase of Php 3,000.

Steps to Avail Credit Card Installment on Lazada

1. Choose items you want to buy and add them to the cart. 
2. Click CHECK OUT.
3. Proceed to SELECT PAYMENT METHOD. 
4. Click VIEW ALL METHOD.
5. Choose INSTALLMENT. 
6. Scroll to the bottom and click SELECT ONE TENURE. 
7. Choose the tenure you want. 
8. Click CONFIRM SELECTION. 
9. Make sure to check the details before clicking PLACE ORDER. 
10.  Lazada will reroute you to BDO Checkout. 
11. Click CONTINUE. 
12. Enter your card details. Make sure to check if your information is correct.
13. Click SUBMIT, and you’re done! 

How to Avail Installment in Lazada without a Credit Card?

For non-credit card holders, there are other ways to avail installment in Lazada without a credit card. 

For example, LazPayLater is an innovative credit payment system that enables eligible customers to make purchases and pay for them up to 45 days later at a low interest rate, or opt for an installment plan that spans up to 12 months on Lazada. 

Using LazPayLater, you can enjoy a credit limit of up to PHP 15,000 to buy a wide variety of products on Lazada, excluding certain Digital Goods like Mobile Load, eVoucher, Gift Cards, etc., and fine jewelry.

Applying Through LazPayLater 

You can apply for LazPayLater by following these steps: 

1. Go to the LazPayLater application page or click this link for a more detailed guide on how to activate your LazPayLater account.
2. Read and agree on the terms & conditions and privacy policy, then click Apply Now
3. Verify your phone number by providing the OTP and click Submit
4. Take a photo of your valid ID (You may use any of the Acceptable IDs:
   • Passport, Driver’s License,
   • UMID (Unified Multi-Purpose Identification) ID, or
   • SSS (Social Security System) ID.
5. Take a selfie for face verification
6. Once done, submit your personal details, and wait for the confirmation of your application.

Verification takes 5 minutes up to 24 hours. If successful, you will be granted a credit limit of up to PHP 15,000. For more information about LazPayLater, please click here.

Also read: GUIDE: How to Avail Lazada Pay Later Payment Option

Applying Through Billease

Another payment method is Billease. BillEase is a partner of Lazada that allows customers to buy now and pay later. It offers a low-interest installment plan that can be used when shopping on Lazada. Applying to the platform is as follows:

1. Go to this link.
2. Declare the value that you want to loan. (This is ranging from 2,000php to 30,000php)
3. Choose your preferred installment term. (Installment Term 1-3 months)
4. Click “Apply”.
5. Once done, submit your personal details, and wait for approval.
   • Approval lasts 1 banking day so ensure to submit your application before 6 PM, or else your application will be marked as submitted the next day.
6. After approval, you can get your disbursement straight to your Lazada Wallet. Please note that you need to activate your Lazada Wallet prior to receiving your disbursement.

To learn more about using this installment plan from BillEase, please click here.

Applying Through InvestEd

InvestED is the country’s most sustainable and inclusive loan company for students. The InvestEd X Lazada Student Gadget Loan funds students’ need for online devices and gadgets, which can be obtained through their Lazada wallet. Applying to the platform is as follows:

1. Submit an online application through this link.
2. Wait for the approval of your loan within 2-7 days.
3. If you qualify for a loan, our loan officer will contact you for a phone interview to verify your information and provide you with a sample loan computation.
4. Submit requirements.

Applying Through Paylater

Paylater, a registered brand, offers an online personal loan service that gives Lazada E-Wallet Credits of up to Php 10,000, which can be repaid in installments over a period of 15 days to 2 months. Applying to the platform is as follows:

1. Get started with Paylater through this link.
2. Submit the needed information and upload the requirements
3. Get approved within 24 hours.
4. Receive your loan via your Lazada wallet.
   • Please note that you need to activate your Lazada Wallet prior to receiving your loan.
5. Start shopping.

Applying Through TendoPay

TendoPay helps users control finances and spend money responsibly. The system lets you buy and pay later at your favorite online stores at your most convenient schedule. Applying to the platform is as follows:

1. Sign up here to register for an account.
2. Wait for the approval of your application on TendoPay.
3. Purchase vouchers. You can purchase vouchers by clicking here.
   • Limit purchases may vary from 6,000php to 30,000php.
   • Please make sure that the loan value you applied is equal or lower than the item price since there will be no change provided.
4. Once done, you will receive the amount of the purchased voucher straight to your Lazada Wallet. Please note that you need to activate your Lazada Wallet prior to receiving your voucher.

Applying Through Cashalo

Cashalo is a licensed financing company operated by Paloo Financinc, Inc. Here, users can take control of their finances and pay for a wide array of services and needs. Applying to the platform is as follows:

1. Register here with your mobile number and email address. Please make sure to use the same mobile number and email address enrolled in your Lazada Account.
2. Download the Cashalo app and log in.
3. Select Lazada Loan under Pay with Cashalo and complete your profile.
4. Select your desired Lazada loan amount and payment terms.
5. Once approved, your loan will be sent to your Lazada wallet in 1-3 business days. Please note that you need to activate your Lazada Wallet prior to receiving your loan.

Applying Through Unapay

UnaPay lets buyers enjoy unlimited shopping by splitting payments up to 6 months. It also offers FAST, LOW-INTEREST loans with NO DOWN PAYMENT required. Applying to the platform is as follows:

1. If you’re at least 18 years Filipino citizen with a valid email address and mobile number, you can apply for UnaPay loans as long as you have the following documents:
   • Valid Government ID
   • Proof of Income
   • Proof of Billing
2. Fill out this application form.
3. Once approved, your loan will be credited to your Lazada wallet. Please note that you need to activate your Lazada Wallet prior to receiving your loan.
4. Don’t forget to repay through our partner banks and outlets.

Applying Through Plentina

Plentina, a licensed online lender, provides a ‘buy now, pay later’ service featuring a minimal service charge, zero interest, and a repayment period of up to 90 days.

How to apply for Plentina? 

1. Download the Plentina app.
2. Fill up and submit the form with your valid government-issued ID and a selfie.
3. Wait for approval of your Plentina account.
4. Select the Lazada loan and the repayment plan you want to avail of.
5. Input your registered Lazada email address to receive the credit on your Lazada Wallet.
6. Review and accept the loan term
7. After accepting the Lazada loan terms, you will receive the loaned amount to your Lazada Wallet.
   • Please take note that our business hours are Monday to Friday, 9:00 am – 5:00 pm, and loans taken outside our business hours will be processed on the next business day.
   • You also need to activate your Lazada Wallet prior to receiving your loan.

Applying Through Flexi Finance

Flexi Finance Asia, Inc. provides flexible payment plans to Lazada customers, allowing them to purchase now and pay over a period of up to 12 months. The quick and easy application process for topping up your Lazada Wallet makes this a convenient option for completing your purchases.

1. Register your Lazada Credentials at this link.
2. You will receive a text and/or email with a specific link based on credentials.
3. Click the link, fill out the application form, and submit the requirements.
4. Wait for a verification call to you and your references.
5. Get approved within 24 hrs.
6. Receive your Loan via your Lazada Wallet. Please note that you need to activate your Lazada Wallet prior to receiving your loan.

Also read: GUIDE: How to Avail Lazada Installment Plans For Your Purchases

Final Thoughts

The convenience of buying and selling goods online has been enhanced by technological advancements and internet accessibility; the credit card installment in Lazada is an example of how e-commerce platforms are making purchases more affordable and accessible. They offer various credit card installment plans to suit your needs. Whether you’re a BDO Credit Card holder or not, Lazada makes sure that you get an online shopping experience that is efficient, user and budget-friendly.

Source: (1),(2),(3)

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Also Read: Lazada Features and Common FAQs