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- Afterpay
Afterpay
Instalments
4
Instalment frequency
Fortnightly
Maximum Credit
$2k
Afterpay
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
Promoted buy now pay later products
Product data updated on 14 May 2024