At Mallwal, we understand that purchasing a mobile phone or bike is a significant investment. That’s why we’ve partnered with Bank Alfalah Islamic Merchant to offer a Buy Now Pay Later (BNPL) service that makes your purchases more affordable and manageable. Our BNPL plans are halal, approved by Islamic scholars, and provide customers with the flexibility to pay in 3 convenient installment plans: 4 months, 6 months, and 10 months.
This guide will walk you through the procedure of purchasing with Mallwal’s Buy Now Pay Later service, outlining everything from how to apply to the benefits of using installment plans to pay for your mobile phones or bikes.
What is Buy Now Pay Later (BNPL)?
Buy Now, Pay Later (BNPL) is a financing option that allows you to make a purchase today and pay for it over a set period in installments. It is an increasingly popular option for consumers who want to own high-quality products but may not have the full amount upfront. With MALLWAL, we offer flexible installment plans that are tailored to your budget.
Our BNPL service is Islamic-compliant and has been approved by Islamic scholars, ensuring that it aligns with Shariah principles. This makes it a halal way to finance your purchase, giving you peace of mind knowing that you are adhering to Islamic financial guidelines.
How Can You Purchase Using BNPL at Mallwal?
Purchasing with Mallwal’s Buy Now Pay Later option is simple and straightforward. Here’s a step-by-step guide on how to make a purchase using our BNPL service:
Step 1: Browse Our Products
- Visit Mallwal’s website and explore our range of mobile phones and bikes.
- Select the product you wish to purchase. Whether you’re looking for the latest smartphone or a high-quality bike, we have a wide range of products available.
Step 2: Add to Cart and Proceed to Checkout
- Once you’ve selected your desired product, click on “Add to Cart”.
- After adding all your items to the cart, click “Checkout” to begin the purchase process.
Step 3: Choose Buy Now Pay Later (BNPL) Option
- At the checkout page, you will be given the option to select your preferred payment method.
- Select the Buy Now, Pay Later option, which will allow you to pay in installments over a period of time.
Step 4: Choose Your Installment Plan
- You will be given three flexible installment plans to choose from:
- 4 months: Ideal for customers who want to pay over a shorter period.
- 6 months: Offers a middle-ground option for comfortable payments.
- 10 months: Provides more flexibility with longer-term payments.
- 4 months: Ideal for customers who want to pay over a shorter period.
- Select the plan that best fits your budget and preferences.
Step 5: Apply for the Buy Now Pay Later BNPL Service
- After selecting your installment plan, you will need to complete a brief application process. This includes providing:
- Your basic personal information (name, contact details, etc.).
- Credit card details (to ensure payments are processed securely).
- A few additional documents, if required, for verification.
- Your basic personal information (name, contact details, etc.).
Step 6: Instant Approval Process
- Once your application is submitted, you will receive an instant approval notification from Bank Alfalah Islamic Merchant.
- If approved, you will receive a confirmation and your payment plan will be finalized.
Step 7: Complete Your Purchase
- After receiving approval, you will be able to complete your purchase. You’ll receive your product, whether it’s a mobile phone or bike, and your payment schedule will be provided.
Step 8: Start Paying in Installments
- The amount will be divided into the chosen installment plan (4, 6, or 10 months), and you will begin making monthly payments according to your schedule.
- Enjoy your purchase while paying it off comfortably over time.
Benefits of Using Mallwal’s Buy Now Pay Later (BNPL) Service
1. Flexible Payment Plans
- With 3 installment options (4 months, 6 months, and 10 months), you can choose a payment plan that best suits your financial situation. This flexibility makes it easier to manage your budget without compromising on quality.
2. Halal and Islamic-Compliant
- Mallwal’s BNPL service, in partnership with Bank Alfalah Islamic Merchant, is halal and approved by Islamic scholars, ensuring it adheres to Shariah principles. This is especially important for customers looking for a financing option that aligns with their values.
3. No Hidden Charges
- Unlike traditional loan options, our BNPL service comes with no hidden charges or interest, as long as you follow the agreed-upon payment schedule. This ensures complete transparency in your payment process.
4. Instant Approval
- The process is quick and easy, with instant approval so you can complete your purchase without unnecessary delays. No need for extensive paperwork or complicated approval processes.
5. Wide Range of Products
- Mallwal offers a variety of mobile phones and bikes to choose from. Whether you’re interested in the latest iPhone, Samsung, Oppo, or a Honda bike, we have it all covered. Our BNPL service makes owning these high-quality products more accessible.
Frequently Asked Questions (FAQs)
Q1: Can I use Buy Now Pay Later for all products?
- Yes, Mallwal offers BNPL on all eligible products, including mobile phones and bikes. Check the product page to confirm if it’s available for your selected item.
Q2: Do I need to pay anything upfront?
- You may need to pay a small down payment at the time of purchase, depending on the product. The rest will be paid in installments over the chosen plan.
Q3: How do I make monthly payments?
- Monthly payments can be made via credit card or through direct bank transfers. The exact payment details will be provided once your installment plan is approved.
Q4: What happens if I miss a payment?
- If you miss a payment, there might be a small fee, and your payment schedule could be adjusted. Please ensure timely payments to avoid any penalties.
Q5: Is the Buy Now, Pay Later option available nationwide?
- Yes, our BNPL service is available for all customers in Pakistan, including those in Sialkot and other cities.
Conclusion
At Mallwal, we strive to make your shopping experience as convenient and affordable as possible. Our Buy Now, Pay Later service, in partnership with Bank Alfalah Islamic Merchant, gives you the flexibility to purchase mobile phones and bikes today and pay later in easy monthly installments. With Islamic compliance and no hidden charges, our BNPL option is designed to meet your financial needs without compromising your values.
Start shopping today and take advantage of our flexible installment plans to own your dream products without the stress of full upfront payment!