Important disclosure

Afterpay

Afterpay

Instalments

4

Instalment frequency

Fortnightly

Instalments

4

Instalment frequency

Fortnightly

Maximum Credit

$2k

Pros and cons

For Afterpay

Benefits

  • Signed up to BNPL code of practice

Drawbacks

  • Late payment fees
  • Available for limited purposes

Afterpay Rate Buy now pay later overview

For Afterpay

Product

Instalments

4

Instalment frequency

Fortnightly

Maximum number of instalments

Pay in 4 interest-free instalments over 6 weeks

Credit limit

$2k

Credit check performed

Minimum interest rate

Maximum interest rate

Reward program

Fees

Minimum establishment fees

Maximum establishment fees

Minimum late payment fees

$10

Total late fees are capped at 25% of the order price or $68 per order, whichever is less.

Maximum late payment fees

$68

Minimum ongoing payment fees

Afterpay charges a fee to merchants for each transaction. They do not charge you an ongoing fee directly.

Maximum ongoing payment fees

Support

Mobile app available

Apple Pay

Google Pay

Samsung Pay

Card available

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Max Instalments

ArtMoney

    Instalment Plan/Frequency

    10 / Monthly

    Maximum Credit

    $100k

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    Min Establishment Fee

    Afterpay

      Instalment Plan/Frequency

      4 / Fortnightly

      Maximum Credit

      $2k

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      Deferit

        Instalment Plan/Frequency

        4 / Fortnightly

        Maximum Credit

        $2k