Laybuy
Instalments
6
Instalment frequency
Weekly
Maximum Credit
$1.2k
Laybuy
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
