BNPL (Buy Now, Pay Later)
0% interest — until a late fee changes the maths.
BNPL can be interest-free when paid on time. A flat late fee on a small purchase can become an extreme effective APR, and several plans fragment cashflow.
Why it matters
A RM10 fee on a RM100 purchase paid two weeks late is about 260% effective APR.
Quick tip
If you cannot pay the full price today, you cannot afford the purchase yet.