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Personal Loans For When You Need More Room
Borrow up to $5,000† for larger expenses, with clear costs and repayments you can review upfront.
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What could help right now?
Whether it’s a bill, a repair or a bigger cost you’ve been planning for, Beforepay can help you explore loan options that may suit your needs.
Approved amount and terms are based on your eligibility. T&Cs apply.
Explore to see what’s available
Get a feel for your options, whether you need help with a smaller short-term cost or a bigger planned expense.
Cover smaller, short-term costs
A Pay Advance could help with things like bills, groceries or unexpected expenses before payday, with one clear fee and no late fees.
Pay for bigger, planned expenses
A Personal Loan could help with larger expenses like car repairs, home essentials or other planned costs, with repayments spread over time.
A Personal Loan for more room to move
For larger expenses that need more than a Pay Advance, a Beforepay Personal Loan gives you more to borrow and more time to repay.
Borrow up to $5000†
From car repairs to household bills, Personal Loans can help eligible customers cover planned costs that need more than a quick cash boost.
Repay over time
Break your Personal Loan into scheduled repayments over a set term (max. 12 months) so you can manage your funds and plan ahead with more confidence.
See the details upfront
Review your loan amount, repayments, interest and fees before you confirm, so you know what to expect before borrowing and are never left with nasty surprises!
Compare our loans
What product suits you best?
Features
Best For
Amount
Maximum Term
Interest
Setup Fee
Late Fees
Credit Check
Beforepay Pay Advance
Short-term cash gaps
$50 to $2,000†
62 days
Max. 24% p.a. for some users ‡
Fixed 5%
No
No
Beforepay Personal Loan
Larger, planned expenses
$2,001 to $5,000†
12 months
Max. 24% p.a. (29.50% p.a. comparison rate‡)
Fixed 5%
No
No
‡ Comparison rate calculated on a $2,500 loan over a 2-year term.
How it works
Create your Beforepay account
Getting started is simple! Create your Beforepay account online or in the app in just a few minutes, then connect the bank account where your main income is paid.
You can also add other bank accounts to give a clearer view of your financial situation, which may help with your eligibility assessment.
Once you’re set up, you can explore loan options and start your Personal Loan application if available.
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Submit your application
Tell us how much you’d like to borrow, what the loan is for, and a little more about your finances. This helps us understand whether a Personal Loan may be suitable for you.
To help save time, some details may be pre-filled for you. You can review and update anything before submitting your Personal Loan application.
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Review and accept your Personal Loan
If you’re approved, your Personal Loan agreement will be ready to review in the Beforepay app. You’ll be able to see your loan amount, repayments and costs clearly set out.
Take a moment to check the details, then accept your Personal Loan agreement when you’re ready!
Once that’s done, the money will be sent directly to your bank account.
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Chosen by Over 1.7M Aussies
Plan, track, compare, and save with Beforepay’s free finance tools.
Eligibility
Borrowing that fits your life.
We check your income and expenses to make sure repayments fit your budget, with clear terms and no surprises.
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Loans for life’s bigger plans
Whether you’re planning ahead or covering a larger expense, Personal Loans give you the flexibility to move forward with confidence.
FAQs
Everything you need to know.
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A Personal Loan is an amount of money borrowed for a longer duration to fund larger, planned expenses that fall outside your budget.
Personal loans are commonly used for larger, future-focused expenses such as home renovations, dental bills, travel, weddings, and more. See our Use Case pages for more.
Pay Advance is a short-term loan of up to $2,000 designed to handle sudden or higher-than-normal expenses and is repaid in up to 4 instalments aligned to your pay cycle. Personal Loan is a longer-term loan of up to $5,000 designed for future planned expenses, repaid over 1-12 months.
The total cost will depend on the amount borrowed and duration of the loan. Personal Loans include a 5% establishment fee and a low interest rate. You’ll always see the total cost before you sign your loan agreement.
Beforepay will assess your current financial circumstances to determine loan eligibility but won't conduct a traditional credit check using a credit bureau. Applying won’t affect your credit score.
We need to ask the purpose of any Personal Loan to ensure that it complies with the relevant legislation and our lending obligations.
Repayments are automatically debited from your primary bank account on the scheduled dates specified in your loan agreement. You will be able to review your repayment dates before you accept the loan. Early repayments can be made within the Personal Loan section of your Beforepay account. There are no early repayment fees.
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