How it works - myIOU myIOU How it works - myIOU

Registration Requirement

Age range of 18 to 65 years old

Debit/credit card issued by Malaysian financial institutions

A Malaysian NRIC (MyKAD)

Malaysian mobile number and email address

Why choose myIOU?

Flexible monthly payments

Split your purchase into 2, 3 or 6 monthly payments¹.

Absolutely 0% interest

Only pay the exact amount of what you purchase².

Instant credit approval

Get up to RM1,000 credit instantly after registration³.

Bind with Debit or Credit Card

Your bind card will be charged automatically every month.

 

1. Tenure for instalment plan is predetermined by respective merchants.
2. A small fee of RM5 or 1% on outstanding amount (whichever higher) will be incurred for overdue payment.
3. Subject to terms & conditions. Instant approval of RM1,000 credit limit will be granted between 9am – 10pm (including Sat, Sun & public holidays). Credit limit will be RM0 between 10pm-9am and will be approved within 2 business days.

How myIOU Works

Select the "Scan" button at the bottom of myIOU dashboard during checkout.

How myIOU Works

Align and scan the QR code from merchant to make payment.

How myIOU Works

Enter the total amount and click "Continue".

How myIOU Works

Make sure the payment details are correct, then click "Pay Now".

How myIOU Works

Transaction done! Your remaining payments will be auto deducted from your card every month.

How myIOU Works

Select the "Scan" button at the bottom of myIOU dashboard during checkout.

How myIOU Works

Align and scan the QR code from merchant to make payment.

How myIOU Works

Enter the total amount and click "Continue".

How myIOU Works

Make sure the payment details are correct, then click "Pay Now".

How myIOU Works

Transaction done! Your remaining payments will be auto deducted from your card every month.

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