Beforepay Wage Advance – loan
Access up to $2,000 of your earned wages before payday. 5% transaction fee, repaid on your next pay date. 700,000+ Australians use Beforepay.
Applying does not commit you to a contract.
Properties of this loan
- Access up to $2,000 of earned wages
- Flat 5% transaction fee, no interest
- Repaid on next pay date or in instalments
- App-based, fully digital
- Free budgeting tools and bill forecasting
- 700,000+ Australian users
Beforepay Wage Advance
Beforepay is a wage advance service, not a traditional loan. It lets you access up to $2,000 of your already-earned wages before payday. The fee is a flat 5% of the amount withdrawn, paid when the advance is repaid on your next pay date.
To use Beforepay, download the app, connect your bank account for income verification, and complete an identity check. Once approved, you can request an advance within the app. Repayment is automated on your next pay date via direct debit, or you can split it into instalments over a longer period.
Beforepay has over 700,000 users in Australia and 4.8 stars in app stores. It is best used for genuine short-term cash flow gaps, such as a bill that falls a few days before your wage arrives. At 5% for 14 days, the annualised cost is high, so it is not suitable for ongoing use.
✓ Pros
- No interest, flat 5% fee
- Instant approval via app
- 700,000+ Australian users
- Repayment aligned to payday
- Includes budgeting and bill forecast tools
✗ Cons
- 5% fee is high on an annualised basis
- Maximum $2,000
- Requires regular employment income
- Automated repayment on pay date leaves no buffer
- Not suitable for ongoing use
Loan requirements
- ✓ Australian resident
- ✓ Regular employment income paid into bank account
- ✓ At least 18 years old
- ✓ Valid email and mobile number
- ✓ Bank account connected via app for verification
- ✓ Identity check completed
Frequently asked questions
Minutes via app
The minimum loan amount at Beforepay Wage Advance is $50.