Pay with Grace is an interest-free installment plan cash mart loan available at select Billease merchant partners. Its consistent installment amounts make repayment easy. The plan also improves your credit profile, making you more eligible for additional Billease loans in the future. If you’re unable to meet your payment due date, contact customer support immediately.

Pay with Grace

If you’re looking for a flexible financing option that can help you pay off your purchase without incurring interest charges, you can choose to avail of the Billease Pay with Grace payment plan. This payment option is available for purchases from select merchant partners and offers a 3 or 6-month 0% interest grace period. However, you must be a Billease customer and meet the credit assessment criteria to qualify. You’ll receive a payment schedule via email or in the app and your balance will reflect an interest-free status. If you’re experiencing financial difficulties, you can reach out to Billease’s customer support team to discuss options.

The Billease Pay with Grace payment plan has consistent installment amounts to ensure that your payments are evenly distributed throughout the repayment period. This feature is ideal for consumers who are planning their finances, and it can be used at over 10,000+ merchant partners nationwide.

After the end of the 0% interest grace period, you’ll be charged interest at the rate of 3.49% per month. The minimum and maximum purchase amount required to avail of this payment plan varies by merchant, but will be clearly displayed at checkout. If you don’t meet the minimum or maximum purchase amount, you will be offered a standard financing plan instead. You can also increase your purchase limit with the Limit Boost feature, which is available at selected merchant partners.

Limit Boost

The limit boost feature allows Billease users to shop for purchases that are more than their current credit limit. The amount you can avail of depends on your Billease loan repayment history, overall creditworthiness and individual financial assessment. This also takes into consideration the merchant partner, purchase type and other factors. If you have trouble repaying your loan, Billease customer support is available to discuss repayment alternatives. Timely repayment of your Billease loan strengthens your credit history and makes you eligible for new loans in the future.

The limit boost feature only works with Billease’s merchant partners, and it expires within three days. You can also request for a new limit boost anytime you want. However, you should note that your boosted limit may not be enough to cover the entire purchase price.

Auto-debit

Auto-debit is an easy, convenient way to pay your Billease installments. It requires a one-time account linking of your Billease account with the merchant, and payment will be automatically booked. You can view all your auto-debit arrangements with merchants in the Billease app’s “Auto-debit” page. You can also edit your preferred repayment setting for upcoming transactions. However, be sure to read the terms and conditions carefully to avoid any fees and penalties.

You can also use QRPh to pay your Billease installments. Simply select the option and download the QR code from the Billease app. Then, you can proceed to your preferred e-wallet app (like GCash or Maya) and complete the payment. Once your payment is successful, you will receive a confirmation email and an updated Amortization Schedule in the Billease app.

If you wish to increase your repayment amount, contact the customer support team immediately. They can help you manage your payments and avoid late payment penalties and credit score damage. The eligibility of a new loan application depends on your Billease repayment history, remaining limit, and individual credit assessment.

You can also avail of annuity loans for certain purchases from selected merchant partners. These purchases include electronics, appliances, and consumer durables. Annuity loans follow a declining interest method that reduces your total outstanding balance, helping you to save on your EMI.

Annuity loan

An annuity loan is a type of amortizing loan that is repaid in equal installments over the lifetime of the loan. It is a great option for those with a steady income or for those who want to finance a big purchase, such as a home. However, it is important to understand the terms of an annuity before you apply for one. There are distinct costs associated with annuity loans, which include both interest and fees. For example, if you withdraw money from your annuity early in the term, you may be required to pay surrender charges.

Unlike an installment loan, an annuity loan includes both interest and principal repayment. Each payment consists of both annuity payments and amortization payments, with the share of repayment decreasing slightly each month. This allows you to manage your monthly expenses and budget more effectively. You can pay for your annuity loan using a number of different methods, including online bank transfers and e-wallets like GCash. You can also use a credit card to make payments.

If you are a Billease customer, you can also pay through a GCash payment option. Simply enter your Billease loan ID and name, mobile phone number, and email address in the GCash app to process your payment. You can also upload a copy of your transfer confirmation slip or transaction slip to verify your payment. Your payment will be booked instantly and a flat fee of P10 per transaction will apply.