Pay Advance Calculator

Q: Can I have a Pay Advance and a Personal Loan at the same time?

No. You can only have one active Beforepay loan at a time, whether that is a Pay Advance or a Personal Loan. If you already have one running, you would need to finish repaying it before applying for the other product.

What a Pay Advance costs, before you apply

It shows the whole cost of a Pay Advance in one place, before you commit to anything.

Pay Advance is designed to bridge the gap until payday, covering $50 to $2,000 over a term of up to 62 days, repaid in up to 4 instalments aligned to your pay cycle. Enter an amount and the calculator shows the setup fee, the interest and each repayment. Two things shape the cost. The setup fee is a fixed 5% of the amount you borrow, charged once: $20 on $400, $60 on $1,200. It does not change with the term. Interest is up to 24% p.a., and unlike the fee it is affected by time, so the longer you take to repay the more of it accrues. There are no late fees and no early repayment fees. Your credit contract sets out the full schedule of fees, and it is worth reading before you accept.

Your estimated repayment

$0 / fortnight

over 3 fortnightly repayments

Advance amount$0

Establishment fee (5%)$0

Interest (24% p.a.)$0

Total to repay$0

Get started

This calculator is a guide only and does not constitute a quote, an offer of credit, an indication of eligibility, or financial advice. Figures are estimates based on a fixed rate of 24% p.a. calculated on the reducing balance, a one-off establishment fee of 5% of the advance amount (no interest is charged on the fee), repaid over up to 4 instalments across a period of up to 62 days, and are rounded. This is a simplified model — the fees, charges and the way interest is calculated are set by your contract, which prevails and may differ from this estimate. Your actual repayments, fees and schedule depend on your application and assessment.

How repayments work against your pay cycle

Repayments are scheduled to land when you are paid, which is the part that makes this different from a loan with an arbitrary due date.

Beforepay aligns your repayments to your pay cycle, in up to 4 instalments across a term of up to 62 days. If you are paid fortnightly, the repayments land fortnightly. The idea is that the money leaves your account when there is money in it, rather than three days before. This is also why Beforepay needs to see a regular wage. The whole model rests on knowing when you are paid and how much, which is what makes it possible to assess affordability without a traditional credit check through a credit bureau. Split the cost across the term when you are weighing it up. A $600 advance repaid over four instalments is not a $600 decision, it is four repayments against four pays, and that is the number to test against your budget. If any one of those four repayments looks tight, the advance is too large, and taking a smaller amount is almost always the better call.

Pay Advance or Personal Loan, and how to tell

They are different products for different problems, and the amount usually decides it for you.

Pay Advance covers $50 to $2,000 over a term of up to 62 days. It is built for a timing gap: the bill that lands in the wrong week, the expense that turns up four days before payday. Short, small, closed out quickly. A Beforepay Personal Loan covers $2,001 to $5,000 over 3 to 12 months, for a larger expense that cannot reasonably be cleared inside a couple of months. Both carry a fixed 5% setup fee and interest of up to 24% p.a., the Personal Loan at a comparison rate of 29.50% p.a. which is true only for the example it is calculated on. Neither charges late fees or early repayment fees, and neither involves a traditional credit check through a credit bureau. You can hold only one active Beforepay loan at a time, which stops repayments stacking up on each other. The simplest test is the term. If you could comfortably clear it inside 62 days, across up to four repayments, Pay Advance is the product.

Before you apply, and what an estimate cannot tell you

The calculator gives you a cost. Approval is a separate question, and so is whether borrowing is the right move.

It cannot tell you whether you will be approved, or for how much. Every application goes through an assessment of your financial circumstances. To be eligible you need to be 18 or over, an Australian resident, employed and receiving a regular wage, with less than 51% of your total income from Centrelink, a current Australian driver's licence, passport or Medicare card, and no other active Beforepay loan. It cannot tell you your exact rate either, because 24% p.a. is a maximum and your contract sets the figure that counts. Most importantly, it cannot tell you whether this is a timing gap or a shortfall. A Pay Advance closes a gap your next pay will fill. If your pay would not have covered the expense anyway, the advance moves the problem forward and the next cycle starts tighter than this one did. If that is the situation, the better options are free. Most billers offer hardship arrangements and payment plans, and the National Debt Helpline on 1800 007 007 has nothing to sell you.

OUR LOANS

Find a loan that fits

Beforepay has a loan to suit almost any occasion, whether you need a little extra for a sudden expense or are planning for something bigger.

SHORT TERM

Beforepay Pay Advance

Need cash before payday? Get money in your account in as little as 5 minutes.

Borrow $50–$2,000†

Repay within 62 days

Approved in under 60 seconds

BEST FOR

Covering unexpected bills, rent shortfalls, or bridging the gap until your next paycheck.

Learn More

LONG TERM

Beforepay Personal Loan

Larger expenses on the horizon? Get bigger amounts and longer to repay with Personal Loan.

Borrow $2,001–$5,000†

3-12 month terms§

Competitive interest rate‡

No hidden fees ever

BEST FOR

Car repairs, medical bills, moving costs, travel, or any larger purchases you want to pay off over time.

Learn More

How it works

A fast loan is only 3 steps away.

Create your account

Getting started is simple - sign up online or download the Beforepay app.

Connect your bank

Connect your bank account to explore your loan options or use Beforepay's money tools.

Choose your loan

Borrow up to $2,000 with Pay Advance or apply for a Personal Loan of up to $5,000. Eligibility criteria applies.

Create your account

Getting started is simple - sign up online or download the Beforepay app.

Connect your bank

Connect your bank account to explore your loan options or use Beforepay's money tools.

Choose your loan

Borrow up to $2,000 with Pay Advance or apply for a Personal Loan of up to $5,000. Eligibility criteria applies.

ACTUAL REAL PEOPLE

FAQs

Everything you need to know.

How much does a Pay Advance cost?

A fixed setup fee of 5% of the amount you borrow, charged once, plus interest of up to 24% p.a. On a $500 advance the setup fee is $25. There are no late fees and no early repayment fees. Use the calculator above to see the total for the amount and term you have in mind.

How much can I get with a Pay Advance?

Between $50 and $2,000, subject to eligibility and an assessment of your financial circumstances. The amount you are offered is based on your income and spending.

How long do I have to repay a Pay Advance?

Up to 62 days, in up to 4 instalments aligned to your pay cycle.

Does Beforepay do a credit check?

Beforepay does not run a traditional credit check. Our system assesses your financial situation from your income and spending patterns instead, and gives you a personalised limit, which may be lower than the $2,000† maximum.

You still need to meet our eligibility criteria, including being 18 or over, an Australian resident, employed and receiving a regular wage, and receiving less than 51% of your income from Centrelink. The full criteria are on our eligibility page.

Can I have a Pay Advance and a Personal Loan at the same time?

You can only hold one active Beforepay Pay Advance at a time, which helps avoid stacking debt. Eligibility for a Personal Loan is assessed separately, and approval is not guaranteed.

Applications are typically approved in under 60 seconds, though some applications may require additional review.

† Approved loan amounts are subject to Beforepay’s lending criteria and verification requirements.

‡ Comparison rate calculated on a $2,500 loan over a 2-year term.

‡ WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or loan amounts may result in a different comparison rate.

Terms and conditions apply. All applications are subject to credit assessment, eligibility criteria and lending limits. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. BPG Credit Pty Ltd, ABN 59 673 570 575, Australian Credit Licence 554659, is the credit provider for Beforepay Personal Loans. Beforepay Pay Advance is offered by Beforepay Finance Pty Ltd, ABN 45 636 670 525. Both entities are subsidiaries of Beforepay Group Limited, ABN 63 633 925 505. Level 9, Suite 1, 77 Castlereagh Street, Sydney NSW 2000. Beforepay Group Limited and its Beforepay goods and services are in no way sponsored, approved or affiliated with Quadpay Inc., Openpay Pty Ltd, Afterpay Pty Ltd, ZipMoney Payments Pty Ltd and their associated entities/affiliated companies. Bank logos and trademarks are the property of their respective owners and are used for identification purposes only. No endorsement or affiliation is implied.

What a Pay Advance costs, before you apply