Important disclosure
Pros and cons
For Laybuy
Benefits
- Signed up to BNPL code of practice
Drawbacks
- Late payment fees
- Available for limited purposes
Laybuy Rate Buy now pay later overview
For Laybuy
Product
Instalments 6 | Instalment frequency Weekly |
Maximum number of instalments Pay a sixth today and the rest over five weeks | Credit limit $1.2k |
Credit check performed | Minimum interest rate |
Maximum interest rate | Reward program |
Fees
Minimum establishment fees | Maximum establishment fees |
Minimum late payment fees $10 $10 is charged if you fail to pay within 24 hours of the due date. If you do not pay within 7 days, a further default fee of $10 is charged. ie. $20 for each instalment payment missed, up to a maximum of $40 per purchase you make. | Maximum late payment fees $40 |
Minimum ongoing payment fees | Maximum ongoing payment fees |
Support
Mobile app available | Apple Pay |
Google Pay | Samsung Pay |
Card available |