Openpay interest-free payments

Find out how Openpay's interest-free payment plans work to see if they will work for you.

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Elizabeth Barry

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How to apply for a Openpay personal loan

Applying online is a straightforward process. You'll need to meet general eligibility requirements including:

  • Being at least 18 years of age
  • Being an Australian citizen or a permanent resident of Australia
  • Being in paid employment
You'll need to provide current address details and evidence of employment. Having a good credit history improves your chance of approval.
Elizabeth Barry's headshot
Journalist

Elizabeth Barry is an experienced journalist with over 10 years of expertise in personal finance, contributing to outlets like the ABC, Sydney Morning Herald, and 7News. She holds a Master of Arts in Creative Writing and a Bachelor of Arts in Communication from the University of Technology Sydney, and has earned multiple award nominations, including a Highly Commended recognition at the 2017 Lizzies. Elizabeth began her career at Finder in 2013, progressing through roles to become Lead Editor, where she oversaw a wide range of personal finance coverage until 2024. See full bio

Elizabeth's expertise
Elizabeth has written 202 Finder guides across topics including:
  • Banking
  • Personal finance
  • Investing
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62 Responses

    Default Gravatar
    WillApril 26, 2019

    How long till I get an email to confirm a payment? I’ve been waiting a bit.

      Default GravatarFinder
      JeniApril 27, 2019Finder

      Hi Will,

      Thank you for getting in touch with Finder.

      As per this page you’re looking at, after you register on the app, you’ll get an instant response regarding your application and once approved, you can use Openpay right away. Please contact Openpay directly via phone or email if you need further assistance on your application or payment.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    SophieApril 18, 2019

    When I use Openpay In store , can I pay cash for the initial payment/ 20% deposit!?

      Default Gravatar
      NikkiApril 19, 2019

      Hi Sophie,

      Thanks for getting in touch with Finder! According to the terms and conditions of OpenPay, the first instalment must be paid using a MasterCard or Visa debit or credit card issued in your name and is payable within the Participating Merchant’s store at the time of purchase or, where you make a purchase from a Participating Merchant’s website, at the time of your online purchase. If the total of your subsequent instalments exceeds the limit set by the Openpay Plan (“Credit Limit”) then you will be required to pay a larger first instalment at the time of purchase to ensure that Credit Limit is note exceeded.

      Hope this clarifies!

      Best,
      Nikki

    Default Gravatar
    ZarinaMarch 19, 2019

    What is the weekly fee you pay?

      Default GravatarFinder
      JoshuaMarch 20, 2019Finder

      Hi Zarina,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Openpay allows you to purchase now and pay later, with no interest. The only fee you will be paying is your monthly repayment. Upon buying an item, you choose how you want to make the repayment.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    TamieJanuary 11, 2019

    How much is the setup fee on the first payment?

      Default GravatarFinder
      JhezelynJanuary 15, 2019Finder

      Hi Tamie,

      Thank you for your comment.

      There’s no initial investment or setup fee to start using Openpay. Depending on the plan type selected and the participating merchant in which you are shopping at, there may be no fees at all. In some instances, a small plan management fee will be applicable to each repayment. This fee varies depending on the merchant in which the purchase is being made. In the case of higher value purchases, an establishment fee may apply.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

    Default Gravatar
    GemmaDecember 29, 2018

    Can I use my husband’s bank card details for my Openpay account? I mean can I use his credit card as I don’t have any bank account.

      Default GravatarFinder
      JeniDecember 29, 2018Finder

      Hi Gemma,

      Thank you for getting in touch with finder.

      If you are an additional cardholder on your husband’s credit card account or having a joint bank account with him, that would be fine.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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