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The carefree way to own what you desire
with 0%-interest monthly instalments
Spend with ease
Turn big purchases into affordable instalments
Enjoy 0% interest
Purchase without extra interest
Make affordable payments
Valid for purchases worth RM300 and above
Be in control
Split your payments across a period of up to 68 months
How it works?
Step 1: Check for the availability of 0% IPP with the merchant.
Step 2: Upon payment, select your preferred instalment tenure.
Step 3: Enter your credit card PIN to complete your payment.
Participating merchants for 0% IPP on UOB terminals
Beauty & Wellness
Home Appliance
IT Gadgets
Jewellery
Retail Fashion
Participating merchants for 0% IPP on Pinelabs terminals
Beauty & Wellness
Education
Home Appliance
FAQ
1. What is a 0% Instalment Payment Plan (0% IPP)?
0% Instalment Payment Plan (0% IPP) is an instalment plan that allows you to split your retail purchases or services into monthly instalments with no interest charged.
2. What is the difference between 0% IPP on UOB terminal and 0% IPP on Pinelabs?
| 0% IPP on UOB terminals | The 0% IPP request made on UOB terminal will be converted at the point of purchase made via UOB POS terminal and the first instalment will be billed to your account on the date of purchase, provided the merchant settles the transaction on the date of purchase itself. |
| 0% IPP on Pinelab terminals |
The 0% IPP request on Pinelabs terminal will be posted in full into your account. UOB will take approximately three (3) to eight (8) days to process your request from your purchase date, provided the IPP merchant settles the transaction on the day itself, and subjected to the Bank’s approval. The first instalment will be billed to your account after the purchase has been successfully converted to the 0% IPP. |
3. How are the monthly instalments being calculated?
The monthly instalments are computed as your IPP purchase amount divided by the instalment period that you have selected.
Table A below illustrates the payment schedule for an item purchased for RM1,200 with a 6-month tenure.
| Statement Month | 0% IPP Monthly Instalment | Interest |
| Month 1 | RM200 | NIL |
| Month 2 | RM200 | NIL |
| Month 3 | RM200 | NIL |
| Month 4 | RM200 | NIL |
| Month 5 | RM200 | NIL |
| Month 6 | RM200 | NIL |
Table B below illustrates the payment schedule for an item purchased for RM4,297 with a 6-month tenure.
| Statement Month | 0% IPP Monthly Instalment | Interest |
| Month 1 | RM716.17 | NIL |
| Month 2 | RM716.17 | NIL |
| Month 3 | RM716.17 | NIL |
| Month 4 | RM716.17 | NIL |
| Month 5 | RM716.17 | NIL |
| Month 6 | RM716.15 | NIL |
4. What are the available instalment tenures/periods?
You can split your purchase payments up to 68 months, subject to the bank’s approval. The option of the instalment tenure/period may vary for each IPP merchant. You are advised to check with the IPP merchant prior to your purchase.
5. Which UOB Card is eligible for 0% IPP?
The 0% IPP is eligible for all UOB Visa and Mastercard credit cards. Corporate or Private Label cards (business underwriting) are not eligible for 0% IPP.
6. Can I change my instalment tenure after the purchase?
No, you cannot change the 0% IPP tenure once you have made the purchase.
7. Can I change the 0% IPP monthly instalment amount after the purchase?
No, you cannot change the 0% IPP monthly instalment amount as the installment amount is calculated based on the instalment period that you have selected during the purchase.
8. Can I cancel/terminate the 0% IPP before the instalment tenure ends? If yes, is there a cancellation fee?
Yes, you may cancel/terminate your 0% IPP before the instalment period ends with no cancellation fee charged to your account. However, please note that in this event, the total unbilled principal amount of the IPP will be immediately charged to your account which you will have to pay in full before the due date.
9. Can 0% IPP earn rewards (UNIRinggit or cashback)?
The following table illustrates the eligibility of rewards:
| 0% IPP on UOB terminals | Not eligible for rewards. |
| 0% IPP on Pinelab terminals |
Eligible for rewards. Rewards will be credited to your card account after the full amount is posted to the said account. |
10. Do I qualify for 0% IPP if I have an outstanding balance in my account?
Yes, you qualify for 0% IPP, subject to your available credit limit.
11. Can I use a supplementary card for 0% IPP?
Yes, supplementary cards are eligible for 0% IPP
12. Is the 0% IPP on Pinelabs terminal subject to the Bank’s approval? What will happen if 0% IPP request application is not approved?
Yes, IPP on Pinelabs terminal is subject to the Bank's approval. In the event if the 0% IPP is not approved, the full purchase/transaction amount will be charged to your card account.
13. When will I know if my 0% IPP on Pinelabs terminal application has been approved?
UOB will take up to eight (8) business days to process your request from your purchase date, provided the IPP merchant settles the transaction on the same day. You will be notified via SMS on your application status.
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