Openpay doesn't charge any interest.
We may charge fees depending on where you shop, and the size of your plan. For example, some plans may involve a small plan management fee with each fortnightly or weekly repayment. When there are big ticket, higher value purchases, an establishment fee may also apply. These administration fees are in place to help us improve our customer support.
If you're an approved applicant, the establishment fee is paid upfront with the initial payment. And in many cases you may not be charged any fees at all.
Don’t worry – all costs will be disclosed to you before you commit to creating your Openpay plan!