Am I Eligible for a Beforepay Loan?

We look at a range of factors to see if Beforepay is right for you. This helps us make sure any amount you borrow is fair, affordable and suited to your circumstances.

Pay Advance

Personal Loans

The borrowing checklist

Here’s what we look at to make sure borrowing with Beforepay is fair and affordable.

We check your income and expenses to make sure repayments fit your budget, with clear terms and no surprises.

You're an Australian resident aged 18 or older.

You have a current Australian driver’s licence, passport, or Medicare card.

You are employed and receive a regular wage.

Less than 51% of your income comes from Centrelink.

You have no other active Beforepay loans.

You pass our credit assessment.

SHORT TERM

Beforepay Pay Advance

For cover short-term cash gaps.

Colorful floral pattern with red and pink flowers on a dark background

Beforepay Personal Loan

For bigger, planned expenses.

ACTUAL REAL PEOPLE

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

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

Best for

Amount

Maximum Term

Interest

Setup Fee

Late Fees

Credit Check

Short-term cash gaps

$50 to $2,000†

62 days

Max. 24% p.a. for some users ‡

Fixed 5%

Best for

Amount

Maximum Term

Interest

Setup Fee

Late Fees

Credit Check

Larger, planned expenses

$2,001 to $5,000†

12 months

Max. 24% p.a. (29.50% p.a. comparison rate‡)

Fixed 5%

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

ACTUAL REAL PEOPLE

FAQs

Everything you need to know.

Why can I not have two loans at the same time?

We only allow a single active loan at a time to prevent debt and payments stacking up and creating additional financial stress. We want to ensure that our loans are helping working Australians, not harming them.

Why do you need my driver’s licence, passport, or Medicare card?

To verify your identity, confirm your personal details, and to help keep you and your account secure.

Am I eligible for a Beforepay loan?

You may be eligible for a Beforepay loan if you:

Are an Australian resident aged 18 or older.
Have a current valid Australian driver’s license, passport, or Medicare card.
Maintain employment and receive a wage.
Receive no more than 51% of your total income from Centrelink.
Have no other active Beforepay loans.

Can I get a loan if I’m on Centrelink?

Yes, but only if the income from Centrelink doesn’t exceed 51% of your total income.

Can I get a loan if I am a casual worker?

Yes you can, as long as you receive a regular paycheck and pass all other eligibility requirements.

Can I get a loan if I’m paid irregularly?

No, as a regular income is one of the ways we use to determine loan affordability.

What if I have more than one bank account?

You can connect multiple bank accounts to Beforepay! We are compatible with most major Australian banks.

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.