Repayment
Terms & Conditions
This repayment terms and conditions outlines the terms and conditions for repaying the bill coverage provided by Billsmate. It is essential to understand our repayment policy prior to submitting an application for bill coverage.
Repayment Period
Customers will repay the covered utility bill amount over a period of 3, 6, or 12 months depending on their selected payment plan.
Interest Rate
A 2% interest on full repayment is charged to those without membership plan along with a 5% interest on repayment via installment.
Repayment via installment is due on the 15th of each month unless otherwise changed or deferred for the purpose of convenience.
Repayment Due Date
Repayment Method
Direct debit is our main method of receiving repayment from our customers. We also online payment and direct bank transfer.
Late & Missed Payment Fees
An additional 1% is added for late or missed repayment. This applies only to those using our services without a membership plan.
Depending on the selected repayment plan, a grace period will be provided if payment was not received before the deadline.
Grace Period
Subscription Plans
Subscribe to enjoy interest-free repayment and other exclusive benefits. Subcription is on a yearly basis. Choose the plan that corresponds to your need.
Single Bill Plan $25
1 utility bill coverage plan
Paid directly to utility entity
Due & past due bill coverage
60-day repayment deadline
Interest-free repayment plan
5 installments repayment option
Zero interest on late installments
10-day grace period after deadline
Defer repayment for up to 60 days
Double Bill Plan $50
2 utility bill coverage plan
Paid directly to utility entity
Due & past due bill coverage
90-day repayment deadline
Interest-free repayment plan
10 installments repayment option
Zero interest on late installments
20-day grace period after deadline
Defer repayment for up to 90 days
Multiple Bill Plan $75
5 utility bill coverage plan
Paid directly to utility entity
Due & past due bill coverage
180-day repayment deadline
Interest-free repayment plan
20 installments repayment option
Zero interest on late installments
30-day grace period after deadline
Defer repayment for up to 180 days
Don't Let The Bills Pile Up! Take Action.
Apply now to have your bills covered and we'll reach out to you to have it done in no time. Take a leap of faith now.
Utility Bill Coverage Service
We can have your bills covered in no time giving you a peace of mind.