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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.