01
Apply once.
Apply in the Afterpay app and choose your spend limit ($1,000-$20,000). We’ll run a credit check to set and approve your final limit.
Pay Monthly
on your terms.
More time to pay for life's bigger moments
at over 150,000 brands.
Pay Monthly,
made simple.
02
Choose your plan.
At checkout, choose a 6, 12 or 24 month plan. You’ll see your monthly payments, total cost (including interest) and end date before you commit.
03
Manage it easily.
Your payments are automatically debited each month. Track your plan in the Afterpay app and pay it off early anytime.
Built for the bigger things in life.
Know exactly what you’ll pay.
See your monthly payment and total cost upfront, before you commit. No setup fees or monthly fees.
More time to pay, more places to use it.
In one application, your Pay Monthly spend limit is ready to use again and again at over 150,000 brands.
Designed to be paid off.
Choose 6, 12 or 24 months, with fixed monthly payments and a clear end date. Plus, pay it off early any time at no extra cost.
More places to Pay Monthly.
Use your Pay Monthly spend limit on eligible online orders at over 150,000 brands.
Pay Monthly at Apple with 0% p.a.
For a limited time, Pay Monthly at Apple with 0% p.a. interest for up to 24 months. No monthly fees.
Learn more
See how it works
Frequently asked questions
What is Pay Monthly?
Pay Monthly is Afterpay’s longer-term instalment product for higher-value purchases.
How is Pay Monthly different from Pay in 4?
Pay Monthly splits a larger purchase into monthly payments over 6, 12, or 24 months.
How much can I spend with Pay Monthly?
You can request a spend limit between $1,000 and $20,000. Your final limit is subject to assessment and approval.
Can I use a credit card to make my Pay Monthly payments?
No. You need a valid debit card to make Pay Monthly payments.
What interest and fees apply to Pay Monthly payments?
There are no setup or monthly fees with Pay Monthly, and no fee for paying off early. The only fees are late fees if you miss a payment. Paying off early could also save you interest.
The standard interest rate is 19.99% p.a. You’ll see your monthly payment and total cost, including maximum interest, at checkout before you confirm.
If you miss a payment, an initial late fee of up to $17 applies. If it’s still unpaid 7 days after the due date, a further late fee of up to $12 applies. Total late fees per order are capped at the lower of 15% of the original order value or $250. Interest is not charged on late fees.
How does the approval process work?
Apply in the Afterpay app. We’ll review your financial situation, including your income & expenses as well as run a credit check to assess your application. If approved, you’ll get a Pay Monthly spending limit you can use right away.
Can I use Afterpay Plus with Pay Monthly?
No. The Afterpay Plus card is for Pay in 4 purchases. Pay Monthly is currently available online only.
More answers in the Help Centre.
Made for life’s
bigger moments.
Apply for Pay Monthly in the Afterpay app and have more time to pay for life’s bigger purchases.
Apply in the appLate fees and T&Cs apply. Eligibility criteria including Pay in 4 in good standing and valid debit card required. Pay Monthly is a continuing credit contract. Some items may need to be paid for at time of checkout. Afterpay Australia Pty Ltd, Australian Credit Licence 527911.
