Important disclosure

Laybuy

Laybuy

Instalments

6

Instalment frequency

Weekly

Instalments

6

Instalment frequency

Weekly

Maximum Credit

$1.2k

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

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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