Instant Financing For Your Business

Wakalah Fee
• For transactions of RM100 or more, the Wakalah fee is RM10.
• For transactions below RM100, the Wakalah fee is RM5.

Profit Rate
2.5% of the transaction amount. Payable on each installment due date.

Minimum Transaction
Minimum transaction limit per purchase is RM10.

Late Payment Fees
1% p.a. calculated daily on the outstanding balance.
Pay on time to avoid late payment fees.
 

PayFlex is a Buy Now, Pay Later (BNPL) product powered by Boost Credit.

Flexible installment of 3 months, fast approval, and can be used at all QR payment acceptance outlets.

• Use your mobile phone, and go onto www.payflex.my/biz.
• Create a user login and password.
• Complete the application where you are required to have your identification card and a debit card on hand.
• Finally just wait for approval.

Nope! Application is completely free, and you will not have any yearly fees either.

• All you need is a mobile phone to sign in to www.payflex.my/biz.
• Click on “Let’s Transact”.
• Show the cashier your QR code.
• You pay nothing today and your transaction will be split over 3 payments across 3 months. Your first payment will be due in 30 days.

You may spend up to what your credit limit allows. Please look at the credit limit on your PayFlex dashboard.

It works at any outlets in Malaysia that accept DuitNow QR payments.

Please take screenshots of your application problems. Email [email protected] for support.

The rejection reasons are not disclosed, and no appeals can be made. You can try applying again in the future.

Your PayFlex application is taking a bit longer than usual to be reviewed. Just check your application status again in a day or two. You will also receive an email with an update soon.

PayFlex currently only accepts debit cards for repayment.

There are two ways:
• Pay manually: You can go to the www.payflex.my, click on “Pay All” or go to the “Repayment” tab and click “Pay Now” to make the payment for individual outstanding contracts.
• Automatic payments: PayFlex can seamlessly deduct the payment from your debit card. You will get a confirmation email when the payment is successful.

Yes. You can make early repayments on www.payflex.my.

• Depending at which phase you are in your payment, relevant late payment charges will be charged on such outstanding amount.
• If you are unable to meet your repayment obligations on the due date(s), you will incur the applicable late payment charges imposed accordingly on your outstanding amount. Boost Credit will commence legal action against you for the recovery of all payments due as well as the enforcement of all rights afforded to Boost Credit under the relevant Terms and Conditions and the relevant laws without further notice to you, where you shall be further liable for the costs occasioned thereof. Kindly also note that it is within our rights under the relevant Terms and Conditions to disclose all information set out to credit information organisations or other authority or body established by Bank Negara Malaysia, credit reporting agencies and any other authority having jurisdiction over Boost Credit, and it may limit your ability to obtain any loan or financing facility in the future from a commercial bank or a financial institution in Malaysia.

No guarantor or collateral is required.