Am I eligible for Pay Monthly?

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Am I eligible for Pay Monthly?

To be eligible to apply for Pay Monthly, you need to:

Be an Australian resident aged 18 or over
Have a regular income
Have an active Afterpay account (Pay in 4) in good standing
Have an Australian-issued debit card for Pay Monthly payments. Credit cards aren’t accepted for Pay Monthly.

You don’t need to have the debit card linked before you apply. If you’re applying through Apple checkout for an eligible Apple purchase, you can add one during checkout. If you apply in the Afterpay app, you can add one after you proceed through the Pay Monthly application.

We’ll assess your income, expenses, and financial commitments, and carry out a credit check through Experian. Afterpay performs credit checks to help fulfil our regulatory obligations in Australia.

Spend limits

Pay Monthly spend limits range from $1,000 to $20,000 subject to eligibility and assessment. It’s decided separately from Pay in 4. Having a Pay in 4 account doesn’t guarantee approval for Pay Monthly.

If you apply at Apple checkout, your minimum selectable limit takes your eligible Apple purchase into account. If you apply in the Afterpay app, the minimum selectable limit is $1,000 The maximum you can be approved for is $20,000 subject to eligibility and assessment.

Your Pay in 4 and Pay Monthly spend limits are separate from one another and a purchase reduces your available to spend for the product you use E.g, if you spend using Pay Monthly, only your available to spend for Pay Monthly will be affected..

How to apply for Pay Monthly at Apple

At Apple checkout (online, in-store, or telesales), choose Afterpay as your payment method.

Already have Pay in 4 and Pay Monthly? Select Pay Monthly at Apple checkout.
Already have Pay in 4? You’ll apply for Pay Monthly at Apple checkout.
New to Afterpay? You’ll need an existing Pay in 4 account to apply for Pay Monthly. You’ll apply separately for Pay in 4 and then Pay Monthly in one application flow.

Applying for Pay in 4 (new customers)

The application involves:

Providing information about your income and expenses
A credit check
Afterpay providing you a decision on your application

If your Pay in 4 application is not approved, you won’t be able to apply for Pay Monthly at this time.

Applying for Pay Monthly for other participating merchants (including Apple)

The application involves:

Providing information about your income, expenses, and household
Logging in to your bank for a one-time verification
A credit check
A decision on your application

Before you confirm, your Afterpay payment summary shows what’s due now, what you’ll pay later, and the maximum interest for your order. You’ll never pay more interest than what’s shown at checkout.

If you’re declined for Pay Monthly

If we can’t approve your Pay Monthly application, we’ll let you know. Your Pay in 4 account will not be affected by this decline.

To request a copy of your credit report or to dispute any inaccuracies, contact Experian Australia directly. Experian acquired illion’s consumer credit bureau in 2023, so your report may still appear under the illion name:

Website: www.experian.com.au
Phone: 1300 783 684 (Experian) or 13 23 33 (illion)
Mail: PO Box 7405, St Kilda Road, Melbourne VIC 3004