Low and high salary earners can now meet up with some of their expenses as cost of things increases in the market even before the normal 30days payment cycle through platforms or smart apps equipped with lenders ready to give out loans. Apps responsible for these are mostly known as pay advance apps although, they may seems similar to the borrower interacting with them, but they aren’t because some are better off others in features. Here is an overview of before pay and one of it’s best alternative.
Apps like mypaynow australia (New alternative)
What is a pay advance like Beforepay?
Pay advance like before pay happens to be the first choice for most working class Australia citizens, in fact we will recommend you stick with them since they are one those apps providing the best services currently. Before pay as it sounds, allow those workers in a company lay hold little of their wages and salary instantly without waiting for payday, thus helping them attend to needs at the right time.
What is the highest limit Beforepay?
As good as before pay advance app his, they still cannot pay you all your salary at once, only portion of it can be accessed and the highest limit to access for those earning huge income is $2000. However, this amount can be increased if what you intend using it for is convincing and what you receives as wages and salary is capable to meet up repayments. Before pay interest rate is 5%.
Who is eligible for Beforepay?
Although, before pay targeted audience are the employees, but anyone can be eligible for advance pay through the app provided he meet the requirements. These includes payments prove of wages or salary, minimum weekly or monthly income, no record of defaults or unpaid fees. Also, note that before pay do not conduct a credit check before giving out loans, but borrowers recent spending habit will be evaluated and accessed.
How to set up Beforepay?
Setting up beforepay is easy as 123, those learning about them for the first time should download the app from store or better still visit before pay official website and create your account their within minutes. Be aware that before pay will request you to link up bank account associated with the one wages is paid into then identity card verification will follows.
Guaranteed $200 loan with no credit check for Australian
Is there another app like Beforepay?
Of course they’re hundred apps like before pay doing similar stuffs even up to having same fees and requirements. One of these apps is the Wagetap in Australia, here is a brief overview. Wagetap is a best alternative to before pay it enable employees have their wages at anytime, and then allowing them postpone repayment of what they borrowed till next payday not the current month. Also, Wagetap allows slipt payments up to 4 equal parts making it easier and less bothersome for borrowers to clear off their loans than before pay. Additionally, Wagetap have in place direct customer support service in the app users can seek for assistance instantly instead of waiting for response from emails as before pay will do.
What happens if I don’t pay Beforepay and Wagetap?
Either of these advance apps you decide to go with, if you refuse repayment as agreed upon they have the right to withdraw money out of the bank details you specify during loan application alongside other fees as such late fee will be deducted as well. Also, if a borrower miss payment he acquired through pay advance apps it does not have a negative impact on his credit score as personal loans, but endeavor to pay your loans on time to avoid story that touches the heart.