Afterpay: Pay in 4 Interest-Free Instalments

How it works:

• Repayment period: 4 payments over 6 weeks (Payments are automatically deducted every 2 weeks)
• Interest-free when you pay in 4 payments
• Split your treatment cost into 4 equal payments.
• No interest or hidden fees when payments are made on time
  (Late or missed payment fees do apply.
• Requirements: Must be over 18 years old and have a valid Australian bank payment card
• Application: Online or in-app
• Maximum expense: $1,000
• Account costs: No, the account is free
• Requirements: Must be over 18 years old and have a valid Australian bank payment card
• Response: Instantly
• Late fees or missed payment fees:
  – For orders under $40:A one-time late fee of up to 25% of the order total applies.
  – For orders of $40 or more: A $10 late fee is charged when a payment is missed. If the outstanding amount remains unpaid after seven days, an additional $7 late fee applies. This applies to all late payments until the 25% cap or the $68 amount is reached. To remain within the cap, Afterpay may charge partial amounts of the $10 and $7 fees.
• Credit check: Yes
  – For new customers: When you sign up, a credit check helps Afterpay assess your application to join. They can’t approve new accounts without completing a credit check.
  – For existing customers: Afterpay may perform a credit check to assess whether a higher spend limit is appropriate.

For new customers

When you sign up, a credit check helps Afterpay assess your application. They can’t approve new accounts without completing a credit check.
For existing customers, Afterpay may conduct a credit check to determine whether a higher spend limit is appropriate. Without completing a credit check, Afterpay may not be able to assess you for a spend limit increase.

For full T&Cs or to learn more, visit the AfterPay website here