Am I eligible for Grab PayLater?

Grab users who are eligible for PayLater should be

1) 21 years and older

2) Platinum, Gold or Silver GrabRewards tier member and

3) have used either cash, credit or debit card for at least 3 Grab transactions in the recent month.

If you are eligible for PayLater, you will be able to activate it here.

https://www.grab.com/sg/finance/pay-later/

Do I need to have balance in my bank account to get installment credit approval?

Yes for Grab/Fave Pay Later installment with debit card because Grab/Fave will deduct first payment from your bank account immediately upon purchase. If you do not have sufficient balance, the first payment will not be successful. For credit card, it may not be necessary to have sufficient balance but your credit limit must cover total purchase amount.