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Business Insider's personal finance team compared Afterpay to the best buy now, pay later loans and found it to be an industry leader. Afterpay is an excellent choice for borrowers who would like to make a purchase and spread out the cost over several payments, especially if you don't want to pay interest. However, make sure you're able to budget for and afford the item before buying through Afterpay.
0% Late fee of $8 if you miss a payment by 10 days or more, cap on the total late fees on your purchase to 25% of the order's value Undisclosed Check mark icon A check mark. It indicates a confirmation of your intended interaction. Only soft credit credit check needed Check mark icon A check mark.
It indicates a confirmation of your intended interaction. No interest on purchases Check mark icon A check mark. It indicates a confirmation of your intended interaction.
Excellent mobile app Check mark icon A check mark. It indicates a confirmation of your intended interaction. Can use with thousands of retailers con icon Two crossed lines that form an 'X'.
Late fees con icon Two crossed lines that form an 'X'. Not all orders are approved con icon Two crossed lines that form an 'X'. Only one repayment term option Repayment is spl.