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What is PayLater?

PayLater is a bidorbuy and VentureCapitalworks initiative that facilitates personal loans through third party registered credit provider, GoLoans (Pty) Ltd.

bidorbuy shoppers are able to apply for credit in order to finance their online shopping on the bidorbuy platform through affordable monthly repayments to GoLoans.

GoLoans (Pty) Ltd NCRCP6369 is registered in accordance with the National Credit Act, No 34 of 2005.

How Does it Work?

When shopping on bidorbuy you can apply for credit during checkout or you can get pre-approved for credit. Look out for the PayLater payment option and apply for a personal loan with GoLoans

Option One - Get Credit As You Shop

Sam buys an item on bidorbuy

She applies for a personal loan with GoLoans via the PayLater platform

Sam qualifies for a personal loan after completing a short application form

GoLoans immediately pays the seller, who then ships the item off to Sam

Sam repays the personal loan via monthly debit orders to GoLoans

Option Two - Get Pre-Approved Credit

Tim applies to be pre-approved for credit with GoLoans

Tim gets pre-approved after completing a short application form

He buys items on bidorbuy and selects the PayLater payment option

Tim verifies a few details and gets approved for a personal loan with GoLoans

GoLoans immediately pays the seller, who then ships the items off to Tim

Tim repays the personal loan via monthly debit orders to GoLoans