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.
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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
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If you want to purchase something higher than your approved amount can you split the sale between cash and the limit on your openly account?
Hi Craig!
Thanks for contacting finder.
Regarding your question, You can split the amount of the sale if the vendor will allow it. Also, this would only apply to in-store purchase and not online purchases.
Hope this information helps!
Best regards,
Nikki
Can you use it at 2 different stores or just the one?
Hi Jazmine,
Thank you for your comment.
Yes, you can use Openpay to more than one participating merchants. Kindly check the T&C that I sent to your email.
Regards,
Jhezelyn
I was wondering with open pay the first payment, is it made on the day and how will I know the price before I make the purchase? Is it a percentage of the overall? If so what percentage
Hi Jaymi,
Thanks for your inquiry.
At the point of purchase, Openpay will give you several repayment schedule options. You can choose the repayment plan best suited to you. Openpay has no interest. You pay back the amount of the purchase without needing to pay any interest. You can specifically choose to pay cash, check or money order, Openpay will automatically deduct the agreed repayment every two weeks from your linked Visa or Mastercard. You’re also able to make early repayments at no extra cost and there are late payment fees if you fail to make repayments on time.
You may contact Openpay support directly for further inquiry through their app or at a store that has Openpay.
Best regards,
Rench
What is the referral fee that is mentioned in my statement now when I first purchased my goods
Hi Anne,
Thanks for your inquiry.
OpenPay will charge you a Referral Fee of $19.00 when you choose to close the continuing credit facility under your credit contract before the credit contract comes to an end. Also they will charge that fee (and other charges due to you) when you default which causes your contract to end/terminate.
Cheers,
May
I’m wondering how u exactly make a purchase using Openpay iv been accepted/ shows on my account how much I can spend so I want to purchase something from godfreys what do I do? Do I literally go into the shop? Or do I purchase on openpay first then go pick the item up?
Hi Kat, thanks for your inquiry!
Openpay can be used at a physical store or through an online store. If you purchase through an online store then you can organise pickup for the item with the store by choosing your closest branch.
Best,
Jonathan