How to withdraw money from SLoan Shopee?

Accessing Your Shopee SLoan: A Quick Guide to Withdrawals

Need quick access to your Shopee SLoan funds? Withdrawing your approved loan is a straightforward process designed for convenience. This guide will walk you through the steps to get your money quickly and easily.

Step-by-Step Withdrawal Guide:

1. Access the SLoan Homepage: Open your Shopee app and navigate to the “Me” tab. Locate and select “SLoan” to access the SLoan homepage.

2. Initiate Withdrawal: On the SLoan homepage, you should see a prominent “Withdraw Now” button (or similar wording). Click this button to begin the withdrawal process.

3. Specify Amount and Loan Term: You’ll be prompted to enter the desired withdrawal amount. Remember, this amount cannot exceed your available SLoan limit. You’ll also need to choose your desired loan term, which will determine your repayment schedule and interest. Carefully consider these factors based on your financial situation.

4. Choose Your Disbursement Method: Select your preferred method for receiving the funds. This could be your linked bank account or your ShopeePay wallet. Ensure the details associated with your chosen method are accurate and up-to-date.

5. Review and Confirm: Before finalizing the withdrawal, you’ll be presented with a summary of the loan details, including the amount, term, interest, and total repayment amount. You might also be required to watch a short informational video outlining key terms and conditions. Review this information thoroughly to ensure you understand the implications of the loan.

6. Verify and Finalize: The final step involves verifying your identity. This typically requires entering a One-Time Password (OTP) sent to your registered mobile number or your Shopee PIN. Once you enter the correct verification code, your withdrawal request will be processed.

Key Considerations:

• Withdrawal Limits: Be aware of your available SLoan limit. You can only withdraw up to this amount.
• Loan Terms and Interest: Understand the different loan terms available and their associated interest rates. Choosing a shorter loan term often results in lower overall interest but higher monthly payments.
• Disbursement Time: While the withdrawal process is quick, the actual disbursement time to your chosen account may vary. Check the estimated disbursement time provided within the app.
• Repayment Schedule: Make a note of your repayment schedule to avoid late payment fees. You can view your repayment schedule within the SLoan section of the Shopee app.

By following these steps, you can access your SLoan funds quickly and efficiently. Remember to borrow responsibly and only withdraw what you can comfortably repay. If you have any questions or encounter any issues, don’t hesitate to contact Shopee customer support.