Effective 30th September 2022, FavePay Later is no longer available. Fret not, your instalments will still be charged on monthly basis following your payment schedule. Please ensure your card has sufficient funds to be deducted.
In any case that your card is not able to do the auto-deduction within the first 7 days from your subsequent scheduled payment, please ensure that your card has a sufficient payment limit for our system to re-attempt to charge your primary card used for FavePay Later and secondary card added to your Fave account. After the 8th day (where the late penalty fee kicks in), the auto-repayment cycle* will run every 3 days from the 25th of the late payment month, up until 6/7th of the following month. The auto-repayment cycle will only occur once for every late instalment.
If you have missed the auto-recharge attempts for your instalment, kindly change/update your payment card details for a manual repayment attempt.
For example, if your instalment payment due on 23rd Nov 2021 (D-0) fails to be charged to your FavePay Later card on its due date, the system will attempt for auto-deduction for the first 3 days on 24th (D-1), 25th (D-2) and 26th Nov 2021 (D-3) on your Primary card, if the card has sufficient balance for the auto-deduction to take place.
If the auto-deduction for the first 3 days fails, you are then required to click on the "late" button on FavePay Later page and follow through with all the prompts to update your card details. You can change/update your card details between 27th (D-4), 28th (D-5), 29th (D-6) and 30th Nov 2021 (D-7), to manually attempt payment and avoid the late payment fee.
As Day 8 of this instalment (1st Dec 2021) falls within the auto-repayment cycle that begins on 25th Nov 2021, auto-recharge attempts will be made to your FavePay Later's Primary card and any existing secondary card on the Fave account on 1st, 4th, and 7th Dec 2021 (or until a successful payment is made, whichever date is earlier).
Should all auto-recharge attempts up until 7th Dec 2021 fail, the auto-repayment cycle for this instalment will not occur again on 25th Dec 2021. The payment for the late instalment will then have to be made manually following method 2 from this page: I have a late instalment payment! What do I do?