Top 5 Apps Like Beforepay in Australia 2023

Apps like Beforepay Australia are lending platforms that offer pay advance services allowing you take out a part of your earned wages or salary to cover emergency expenses, which will be paid back on your next payday. The maximum you can cash out with apps like Beforepay is usually $1,000 for existing customers, while new customers can only cash out between $50 and $800. The limit increases over time with timely and successful repayments.

While apps like Beforepay Australia point out that you can use your money how you see fit, they’ll monitor whether you’re using the funds in any risky spending behaviours and limit what you can get. Your account will also be limited if you miss any payment, and you can’t access the services until you settle the outstanding balance.

Top 5 Apps Like Beforepay Australia in 2023 

Most apps like Beforepay Australia charge loan fee of 5% for any amount you cash out. While you may not pay any interest, these apps usually have loan fees, including processing and administrative fees. Before opening an account, it’s wise to carefully review the terms and conditions because each will have its fee structure. 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. For example, if you borrow $100, you pay a $5 fee, and if you borrow $400, you pay a $20 fee and so on.

Some of the best apps like Beforepay in Australia helping customers access flexible cash advances before their next payday include CommBank AdvancePay, Wagepay App, PayActiv App, MyPayfast App and MoneyMe App among others. These lending applications are entirely online and give quick access to salary advances when you are hit with unexpected expenses.

1. CommBank AdvancePay

CommBank AdvancePay is one of the best pay advance apps like Beforepay Australia giving customers access to money they expect to be paid, before the next payday. This platform helps with quick credit when unexpected bills hit you and you are short of funds. It’s not intended to be used regularly and won’t be available every pay cycle.

To help you stay in control of your finances, CommBank AdvancePay limits you to have just one facility at a time.  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.

2. Wagepay App

Wagepay is one of the fondest apps like Beforepay Australia set up to revolutionise the way you access your pay, for the better, by giving you early access to a portion of your wages before payday. With this platform, 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! You can borrow money through the app, or choose to do it through their website. 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 loan approval.

3. MyPayFast App

MyPayFast is another Beforepay alternative in Australia that allows you to access your pay early up to $750 and enables you to track your spending and expenses quickly and easily. Their system provides partial access to your salary in advance and deposit money into your transactional account for you to use immediately.

To access loan advances from MyPayFast app, simply sign up for fund withdrawal which is very easy and can be done in only a few minutes. The repayments are directly debited from your bank account. 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. MoneyMe App

MoneyMe is one of the best loan apps like Beforepay Australia that gives different types of online personal loans up to $50,000 and well trusted by thousands of Australians for its seamless loan processing.  With MoneyMe platform, you can have quick access to money in your bank account in as little as 60 minutes.

The app also allows you to estimate your repayments and interest rate through their loan calculator. It offers various types of loans ranging from car loan, to education, vacation and holiday, home improvement and unexpected purchases. MoneyMe loan fees start from 8.70% p.a. (comparison rate from 10.08% p.a.) You can have the money in your bank account in as little as 60 minutes.

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. WageTap loan application and approval process could be concluded in 3 minutes. 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.

How Do I Qualify for Apps Like Beforepay Australia? 

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.

Conclusion

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.

The best apps and online lending marketplaces similar to Beforepay application for guaranteed approval payday advances in Australia include CommBank AdvancePay, Wagepay App, Latitude App, PayActiv App, MyPayfast App and MoneyMe App among other trusted apps. These lending platforms give quick access to your salary in advance when you meet unexpected expenses while you pay back on your next payday.