PayPalPayPal Pay Monthly
PayPal Pay Monthly lets eligible customers spread purchases of $500 to $15,000 AUD over 12, 18 or 24 fixed monthly instalments when checking out with PayPal. You pay a fixed annual percentage rate, with no account fees and no late fees, and you can make extra repayments or pay off your plan early at no extra cost. Credit is subject to application and approval each time you use Pay Monthly.
At a glance
- Monthly fee
- $0
Rates
Every rate PayPal publishes for this BNPL product, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFixed annual percentage rate of 14.99% p.a. applies to Pay Monthly plans with 12, 18 or 24 repayments made monthly. | P&I | 1 yr fixed | - | 14.99% | 14.99% | - |
| FixedFixed annual percentage rate of 14.99% p.a. applies to Pay Monthly plans with 12, 18 or 24 repayments made monthly. | P&I | 18 mo fixed | - | 14.99% | 14.99% | - |
| FixedFixed annual percentage rate of 14.99% p.a. applies to Pay Monthly plans with 12, 18 or 24 repayments made monthly. | P&I | 2 yrs fixed | - | 14.99% | 14.99% | - |
Fees
4 fees published, grouped by when they're charged.
- When you take it outNo feeEstablishment Fee
- While you hold itNo feeMonthly Account Fee
- When you close it or pay it offNo feeEarly Repayment Fee
When you take it out1
- Establishment FeeNo fee
While you hold it1
- Monthly Account FeeNo fee
If a payment is late or fails1
- Late Payment FeeNo fee
When you close it or pay it off1
- Early Repayment FeeNo fee
Features
Eligibility and limits
- Minimum age 18
- Residency: Australian residents only
- Available to individuals
- Approval is subject to PayPal's credit assessment criteria, which may include a credit check with a credit reporting body.
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Published by PayPal Australia under the Consumer Data Right, last changed by them on 5 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.