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Aspirasi CashNow Lets You Micro-Finance Loans for Lazada Wallet
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Aspirasi CashNow Lets You Micro-Finance Loans for Lazada Wallet

by Aiman MaulanaMarch 23, 2021
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Aspirasi CashNow Lets You Micro-Finance Loans for Lazada Wallet

If you’re looking for flexible financing options when you’re shopping online, this might just be the solution for you. Aspirasi CashNow offers micro-financing and micro-insurance that’s fully digital.

Aspirasi CashNow Lets You Micro-Finance Loans for Lazada Wallet

Aspirasi CashNow Lets You Micro-Finance Loans for Lazada Wallet

The folks over at Lazada have partnered up with Aspirasi, Axiata’s digital financial service brand, to offer the new Aspirasi CashNow service. It’s a micro-financing loan service of RM500 to RM2,500 with a repayment tenure of 6 to 12 months with a profit rate of 1.25% monthly. Interestingly, it’s shariah-compliant and comes with a free personal accident insurance plan.

Qualified individuals can apply for these small loans between RM500 to RM2,500 in multiples of RM500, and you can choose to pay it back within 6, 9 or 12 months. There will be no need for a guarantor or collateral, but there will be additional fees such as wakalah fee, stamping fees, and SST. Successful applicants will receive the money on their Lazada Wallet within a period of 2 working days.

As for the free personal accident insurance plan, it’s called Aspirasi CashNow Protect and it’s being handled by Great Eastern General Insurance with the coverage duration dependent on your loan tenure. There are 3 key benefits under the plan, which are:

  • Coverage for accidental death with sum insured of RM2,000
  • Coverage for permanent disablement with sum insured of RM1,000
  • Reimbursement on online bills of up to RM1,000 for charges incurred on Lazada purchases (terms and conditions apply)

As for the qualification criteria for Aspirasi CashNow, you will have to meet the following requirements:

  • Malaysian / MyKad holder
  • Age 18 to 65 years old
  • Verified Lazada Wallet account

You can apply for Aspirasi CashNow on the Lazada website or via the mobile app. If you sign up early for it, you might get something extra as the first 1,000 successful applicants will be able to win RM50 worth of Lazada vouchers.

If you’re interested to give Aspirasi CashNow a try, click right here.

Pokdepinion: If you plan on buying something, regardless of whether it’s online or offline, make sure it’s something you can truly afford and not something that will result in suffering. The micro-finance loan is certainly helpful, but you are the best judge of your own money.

About The Author
Aiman Maulana
Jack of all trades, master of none, but oftentimes better than a master of one. YouTuber, video editor, tech head, and a wizard of gaming. What's up? :)