Compare the loan structure and repayments of MyPayNow’s Pay Advance and Beforepay’s Pay Advance to help choose the best one for you.
Beforepay Pay Advances are repaid in equal instalments that are aligned to your pay cycle while MyPayNow Pay Advances are generally repaid in full on your next payday.
Beforepay Pay Advance offers loans with a fixed setup fee, plus interest for some customers. Loans repaid in up to 4 equal instalments that are aligned to your pay cycle. MyPayNow Pay Advance also offers loans with a fixed setup fee plus interest, but are generally repaid on the next payday.
The key difference between Beforepay and MyPayNow lies in the repayment structure. Beforepay Pay Advance is repaid in up to 4 repayments that are aligned to your pay cycle. The total loan cost, including fees and interest, are equally split across your scheduled repayments. In comparison, MyPayNow may require your Pay Advance and all associated costs to be repaid on your next payday.
Pay Advance can help with small, unplanned expenses when they come up before your next pay.
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When comparing MyPayNow alternatives, it helps to look beyond speed and consider the full product structure. MyPayNow provides Pay Advances of up to $2,000, typically repaid in full on the next payday. MyPayNow charges a fixed 5% setup fee, with interest being applicable. It may suit people looking for extra costs who have the capacity to pay back the full amount quickly.
Beforepay Pay Advance is also designed to help working Aussies handle unexpected or more-than-expected costs, offering up to $2,000† in as little as 5 minutes. However, Beforepay Pay Advances are repaid in up to 4 equal instalments, aligned to your pay cycle. This may be ideal for someone who needs fast funds, but would prefer a longer repayment period.
Beforepay is built around transparency, with clear fees presented upfront, no hidden costs, and no credit checks. What you see is what you get and what you’ll pay. Additionally, every customer is assessed on their own merits, provided with a personalised limit that takes their financial situation into account. There are no one-size-fits-all limits.
A good MyPayNow alternative should make it easy to understand what you’ll repay, when you’ll repay it, and whether the product suits your cash flow. Use this page as a starting point, but make sure to check the latest product terms from each provider before making a final decision.
A fast loan is only 3 steps away.
Create an account by either signing up online or downloading the Beforepay app on Google Play or the Apple App Store.
Link your bank to your Beforepay account. We are compatible with most major banking institutions in Australia.
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Instant Advance up to $2,000 or personal loans up to $5,000. Approved in minutes.
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Create an account by either signing up online or downloading the Beforepay app on Google Play or the Apple App Store.
Link your bank to your Beforepay account. We are compatible with most major banking institutions in Australia.
Instant Advance up to $2,000 or personal loans up to $5,000. Approved in minutes.
Plan, track, compare, and save with Beforepay’s free finance tools.
Everything you need to know.
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Online loan lenders allow customers to apply for loans digitally, usually through a website or app. This can make the application process simpler because you don’t need to visit a physical location or navigate business hours.
No. A no credit check personal loan is not guaranteed. Beforepay assesses applications based on eligibility and your circumstances before making a lending decision.
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