Pay Monthly
Buy Now Pay Later
Long-term installment-based payment option with personalized interest rates for high-value purchases
- From
- 19.99%
- Purchase
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Purchase 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. | 19.99% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Late Payment Fee (Day 1) Late payment fee applied when a payment is 1 day overdue. | Late payment | $10.00 |
| Late Payment Fee (Day 7) Additional late payment fee applied when a payment is 7 days overdue. | Late payment | $7.00 |
Features
- Digital wallet — Apple Pay
- Digital wallet — Google Pay
- Extra repayments
- Repayments may be made ahead of the scheduled due dates without additional charges.
- Instalment plan
- Purchases are split into 6 to 36 monthly payments.
- Interest-free period
- Merchants may offer 0% p.a. promotional rates. Standard rate of 19.99% p.a. applies otherwise.
- Notifications — SMS/Email/Push
- Payment reminders sent via SMS, email and push notification.
Eligibility
- Minimum age — 18 yearsMust be 18 years or older.
- Residency status — Australian residentMust be an Australian resident.
- Individuals onlyAvailable to individual consumers only, not other legal entities.
- A valid debit card is required. — Valid payment method
- Identity verification is required. — Identity verification
- Subject to credit approval including credit check and open banking check. — Credit assessment
- Good repayment history preferred. — Good standing
Constraints
- Minimum limit — $100.00Minimum purchase amount of $100 AUD.
- Maximum limit — $20,000.00Maximum purchase amount up to $20,000 AUD subject to credit approval.
Published by Afterpay under the Consumer Data Right · Last updated 20 March 2026 · Product ID AP-PAYMONTHLY-AU