Apps like Beforepay in Australia are lending applications that offer payday advance services on demand allowing you take out a part of your earned wages ahead of your next paycheck, to cover emergency expenses. The maximum you can cash out with such Beforepay alternatives is usually $1,000 for existing customers, while new customers can only cash out between $50 and $800.
Top 5 Apps Like Beforepay in Australia 2023
Typically apps like Beforepay Australia charge fee of 5% for any amount you cash out. While you may not pay any interest, these apps usually come with loan fees, such as processing and administrative fees. The fee can be a percentage of the amount borrowed, and most levy a fixed 5% fee. This means you repay an additional 5% on top of the borrowed amount.
The most popular apps like Beforepay Australia include CommBank AdvancePay, MyPayNow, Wagepay, PayActiv and MyPayfast among others. These lending applications do not require credit check and can be obtained online. Typically you can get credited the same business day.
1. Wagepay App
Wagepay is one of the leading apps like Beforepay Australia set up to revolutionise the way you access your pay. With Wagepay, you can get a pay advance up to 25% of your pay, to a maximum of $2000, and repay it back in one, easy payment! If you get paid $1,000, you can advance up to: $250 representing 25% and only pay a fees of $13.65 extra. You can sign up and apply in 3 minutes and get an instant approval.
2. CommBank AdvancePay
CommBank AdvancePay is one of the best pay advance apps like Beforepay in Australia giving customers access to money they expect to be paid, before the next payday. You can apply to CommBank AdvancePay online in just a few minutes. If approved, you can have access to loan amount ranging between $300 and $1,000 before your next payday. For loan amount between $300 and $500, the fees is $5 while between $501 and $1,000, you pay a fees of $10.
3. MyPayFast App
MyPayFast is another credible and popular Beforepay alternative in Australia that allows you to access your pay early up to $750. To access payday advances from MyPayFast app, sign up for fund withdrawal which is very easy and can be done in only a few minutes. MyPayFast app gives customers real-time wage deposit up to 25% of their salary for a maximum of $750, anytime anywhere before payday. This service is interest-free and only charges a flat rate loan fee of 5% of the loan amount.
4. MyPayNow App
MyPayNow is yet another reputable app that works exactly like Beforepay in Australia. The application allows you to access up to a quarter of your pay early, each pay cycle. Each advance you request is charged a one-off 5% fee. That’s just $5 for every $100 you advance. And you can access up to $150 per week!
5. WageTap App
WageTap is one of the best loan apps like Beforepay Australia that allows you to access your pay you have already worked for, up to $300. To be approved to make a withdrawal, you need to meet WageTap eligibility criteria which can only be done one withdrawal at a time. Each transaction has a loan fee of 5% withdrawal and an interest rate of 24% p.a. That means if you withdraw $100, your withdrawal (loan) fee will be $5.
There are many more apps like Beforepay in Australia but what makes them different, why should you leave Beforepay and use them when you can get everything you need with Beforepay? These apps are either a combination of both features or have their own individual unique selling point that might want to inspire you into using them.
To qualify for pay-on-demand services through apps like Beforepay Australia, you must meet specific eligibility criteria. These include:
- You’re at least 18 years of age.
- You’re a permanent resident or citizen of Australia with a valid home address.
- You’re employed, and your boss classifies you as a part-time, full time, contractor, casual, or on-demand employee.
- You earn over $300 a week after tax deductions.
- You’re paid regularly in weekly. Fortnightly or monthly schedules.
- Your salary comes into a bank account linkable to your Beforepay account and not a savings account.
- You must pass a financial assessment, including your income and spending behaviour.