What is the Maximum GoPay Later Limit? Check out the Scheme, Types and How to Upgrade Limits

POSKOTA.CO.ID – Have you ever been surprised because the GoPay Later limit that appears in the application is far from what you imagined? This experience is quite common, especially for new users who think they will get a large limit immediately after activation.

In fact, GoPay Later, the official paylater service from the GoTo Group ecosystem managed by PT Multifinance Anak Bangsa (MAB) under the supervision of the Financial Services Authority (OJK) implements a gradual assessment system.

Even though the maximum limit can reach IDR 30 million, this nominal amount is not given instantly and really depends on the user’s financial profile and behavior.

So that you are not mistaken, here is a complete review of GoPay Later limits, types of limits, and how to officially increase limits based on information from GoPay, PT MAB, and applicable OJK regulations.

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Get to know GoPay Later, GoTo Group’s Official Paylater Service

Before discussing limits, it is important to understand the status and mechanism of GoPay Later so as not to get caught in wrong information.

GoPay Later is a “buy now, pay later” financing facility that can be used in the Gojek, GoPay and Tokopedia ecosystems. Users can make transactions using the credit limit provided, then pay off the bill at the end of the period or through monthly installments.

Since July 2023, the management of GoPay Later has officially been under PT Multifinance Anak Bangsa (MAB), after previously being managed by PT Mapan Global Reksa (Findaya). This change gives GoPay Later the status of a multi-finance company licensed by the OJK, no longer a P2P lending fintech.

This means that GoPay Later is not an illegal online loan. All operations and management of user data are directly supervised by the OJK in accordance with applicable regulations.

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Details of Initial and Maximum GoPay Later Limits

The most frequently asked question is: what is the initial limit for GoPay Later when it is first activated?