Openpay interest-free payments
Find out how Openpay's interest-free payment plans work to see if they will work for you.
What different scores mean
9+
Excellent
The crème de la crème of personal loans. These products offer the lowest cost loans accompanied by the best features.
7+
Great
Slightly higher in cost and fewer features, but these products are still competitive.
5+
Standard
Typically offering above average rates and possibly lacking in the features department.
0+
Basic
The least competitive in terms of both cost and features.
Need a lower rate on your loan?
Compare now and find a better deal.
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
More resources on Finder
Ask a question
62 Responses
More guides on Finder
-
Buy now pay later statistics 2024
BNPL adoption hit an all-time high in July 2022 (49%) and has dropped back down to usual levels since then.
-
Humm Pro review
Support your business's cash flow with Humm Pro's unsecured interest free digital payment solution for Aussie businesses.
-
PayPal Pay in 4 review
PayPal Pay in 4 is a buy now pay later service available across thousands of retailers globally. Split your repayments into 4 equal instalments paid over 6 weeks.
-
Retailer guide to Zip Money and Zip Pay
Take advantage of three months’ interest-free repayments for your customers by integrating Zip Money into your business point of sales.
-
Retailer guide to Afterpay
Learn more about Afterpay and the benefits it has for its merchants, which includes customer conversions and higher sales.
-
Afterpay vs Zip Pay
How does Afterpay compare to Zip Pay?
-
Zip Money vs Afterpay
Not sure whether to shop with Afterpay or Zip Money? We compare both interest-free shopping platforms to help you decide.
-
Full list of stores that accept Zip Money
Zip Money lets you shop interest-free at a range of participating retailers. Find out every retailer you can shop at with this innovative payments provider and exactly how to show with Zip Money.
-
Zip Pay
With Zip Pay, you can get instant approval for a line of credit helping you to buy now and pay later. It is 100% interest-free and gives you complete control over how you make repayments. Find out exactly how it works.
-
Afterpay
Thinking about signing up to Afterpay? This is everything you need to know about the interest-free payments provider, including whether it affects your credit score and all the fees you should expect to pay.
Hi,
Do u pay for rego and fuel pump and car tools in Perth WA?
Hi Richard,
Thank you for getting in touch with Finder.
Openpay is another payment method for your online and in-store purchases only. You may check some stores that accept Openpay to get your car tools on Openpay’s directory page and choose the “auto” category or check out our full list of Openpay stores.
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
What would my payments be on a $650 spend on openpay?
Hi Leigh,
Thank you for getting in touch with finder.
Openpay lets you choose your start date and how frequently you pay, however you need to pay a larger amount on your first instalment. You must pay Openpay an initial payment inclusive of any Establishment Fee and a Plan Management Fee for the instalment.
For your $650 spend, you would know your monthly payments as you choose your payment term – 3 months, 4 months etc., on your Openpay app. Payments are taken automatically as scheduled from your nominated credit or debit Visa or Mastercard. You can also make a payment early through the Openpay app.
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
How much of my 1st payment plan do I have to have paid before I can add another payment plan ?
Hi Dan,
Thanks for your contacting finder.
Please note that we’re a product comparison website and we do not represent any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.
Openpay will give you several repayment schedule options. You can choose the repayment plan best suited to you.
You’re able to make early repayments at no extra cost and Openpay sends out reminders before your scheduled repayments to make sure you are updated with payments.
You may opt to contact Openpay to ask for the payment terms to get started.
Hope this helps.
Cheers,
Nikki
what’s the vulnerabilities of openpay?
Hi Raajan,
Thanks for your message and for visiting Finder.
To see the pros and cons of each payment platform, you may check these pages. Zippay vs. Openpay, Afterpay vs. Openpay, Openpay vs. Zipmoney.
Hope this helps! Feel free to message us anytime should you have further questions.
Cheers,
Nikki
Do I have to leave a deposit on my first purchases?
Hello there,
Thank you for your comment.
Upon checking, you’re required to pay a small initial security deposit. This is explained further in the Openpay’s Terms and Conditions clause number 2. It states that at the time you make a purchase, you must pay an initial payment (“first instalment”) inclusive of any Establishment Fee and a Plan Management Fee for the instalment. This 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.
Regards,
Jhezelyn