Are you looking to make a new appliance purchase? We know things don’t always go as planned and when your washing machine breaks down, or your need to upgrade your fridge, making a purchase fast is a priority. Do you need a flexible payment plan to meet your purchasing needs? With Afterpay, you can do just that: buy now, take it home and pay for it later. Afterpay lets you pay for your product over the space of 6 weeks, with no interest at all! Afterpay joins our existing flexible payment option providers which include Zip and Humm How does Afterpay work? Browse Find your item in store or online. Choose Afterpay and create an account Select Afterpay as your chosen method of payment and open an Afterpay account (if you don’t have one), otherwise just log into your Afterpay account. New accounts will often get instant approval within seconds. Pay in 4 instalments over 6 weeks At the time of purchase, you’ll pay your first instalment, and the remaining three instalments will be paid every two weeks. Is Afterpay suitable for me? If you’re considering Afterpay as a payment method, you’re in the right place. With various flexible payment option providers on the market, knowing which one is right for you can be overwhelming. Comparing Finance Options Below is a comparison between Afterpay and Humm to help you make the right decision for your next purchase. Afterpay vs Humm Afterpay Humm 'Little Things' Eligibility • You must be at least 18 years old • You must live in Australia • You must have a valid and verifiable email address and mobile phone number • You must use a valid Australia bank payment card to make a purchase • You must live in Australia • Be at least 18 years old • Be capable of entering into a legally binding agreement • Have a valid and verifiable email address and mobile number • Use an Australian bank payment card • Have a verifiable and valid ID Interest No interest is charged, however late fees may apply. No interest is charged, however late fees may apply. Fees Late fees may apply. No fees if you choose to repay it back over 2.5 months. If you choose to pay over 5 months, you’ll pay $8 a month. For Purchases Up To Spending limit starts at $500 and increases over time with responsible spending. Per plan, the maximum purchase is $1,500 per transaction and you can have an outstanding account limit of $2,000. Up to $2000 First Payment The first payment is 25% of the total purchase price, taken at the time of order or purchase. All payments will be debited on the dates specified unless it's not a business day, in which payment will be debited the following business day. For new Humm customers please note the first repayment of 20% is required at time of purchase. Repayments Your purchase is paid in 4x instalments over 6 weeks. The first instalment is paid upon purchasing and the remaining 3x instalments are paid every 2 weeks, totalling 6 weeks. Fortnightly payments over 10-20 weeks. Late Fees Capped late fee starts at $10 but never goes higher than 25% of the purchase price or $68 (whichever is less). • $6 late payment fee, in addition to any fee or charge by your bank or credit union. • $30 collection fee if steps must be taken to collect the balance from you. Refunds Return your item to the retailer who will handle the refund in accordance with their return policy. If a refund is required, in accordance with the retailer’s policy or by law, Afterpay will refund what you’ve paid, back to the card you paid with and cancel any future payments. Return your product to the retailer who will handle the refund in accordance with their return policy. If a refund is required in accordance with the retailer’s policy or by law, Humm will refund what you’ve paid and cancel any future payments. Flexible Payment Providers - Pros & Cons Afterpay Pros Cons Easy application process without a credit check required. Impulse spending may occur and add up over time. You can make a purchase of up to $500 without having the full amount on hand. Even with spending limits, you may get into debt, spending more than you can afford. No interest is accumulated with no account fees charged. Late fees of up to 25% of your purchase price (or max $68) apply. Humm Pros Cons Easy application process Buy now, pay later may equate to impulse spending. A large spending limit of up to $2,000. Even with spending limits, you may get into debt, spending more than you can afford. No fees if you choose to repay it back over 2.5 months. If you don’t make your payments on time, late payment fees may apply. · A $6 late payment fee, in addition to any fee or charge by your bank or credit union will be applied when you don’t pay your instalment on time. · A $30 Collection Fee will be charged if steps must be taken to collect the Balance from you. FAQs How does Afterpay work? Browse: Find your item in store or online. Choose Afterpay and create an account: Select Afterpay as your chosen method of payment and open an Afterpay account if you don’t have one, otherwise log into your Afterpay account. Pay in 4 instalments over 6 weeks: At the time of purchase, you’ll pay your first instalment, and the remaining three instalments will be paid every two weeks. Is Afterpay suitable for me? If you’re considering Afterpay as a payment method, it’s important to compare different flexible payment option providers to find the right fit for your needs. Does Afterpay do a credit check? Afterpay does not perform credit checks upon application, nor does it report late payments, ensuring your credit score remains unaffected. Can you have two Afterpay orders at once? Initially, you can only have one order within the first 24 hours of approval. Over time, with responsible spending, Afterpay will gradually increase your spending limit and allow multiple orders. How do I use Afterpay in-store? Using Afterpay in-store is simple with the Afterpay Card, which can be set up in the Afterpay app. The Afterpay Card needs to be added to your Apple Wallet or Google Wallet for contactless payment at participating stores.
