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

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Category: Installment Payment

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.

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