Afterpay
Pay Monthly
Afterpay · buy now pay later
Provider last updated this product 2026-07-11.
Go to provider
You'll complete your application on
Afterpay's website. Confirm the rate and fees with them
before applying.
Long-term installment-based payment option with personalized interest rates for high-value purchases
Lending rates
| Type | Rate | Comparison | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| PURCHASE | 19.99% | - | OTHER | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Standard variable simple interest rate of 19.99% p.a. on principal only (nominal APR). Interest is calculated daily and capped at the amount disclosed at checkout. No interest on interest. Merchants may offer promotional rates as low as 0% p.a. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Late Payment Fee (Day 1) | LATE_PAYMENT | $17 | Late payment fee applied when a payment is 1 day overdue. |
| Late Payment Fee (Day 7) | LATE_PAYMENT | $12 | Additional late payment fee applied when a payment is 7 days overdue. |
Features
Instalment plan
- Instalments - 6 to 36 monthly instalments
- Purchase size - $1,000 to $20,000
- Instalment limit - $20,000
Who can apply
- min age - 18Must be 18 years or older.
- residency status - Australian residentMust be an Australian resident.
- natural personAvailable to individual consumers only, not other legal entities.
- other - Valid payment methodA valid debit card is required.
- other - Identity verificationIdentity verification is required.
- other - Credit assessmentSubject to credit approval including credit check and open banking check.
- other - Good standingGood repayment history preferred.
Limits
- min limit - 100.00Minimum purchase amount of $100 AUD.
- max limit - 20000.00Maximum purchase amount up to $20,000 AUD subject to credit approval.
Last updated by data holder: 2026-07-11T00:00:00Z · Product ID: AP-PAYMONTHLY-AU