This page provides some information about the Payright application for courses.
Here is the direct link for FAQ’s: https://www.payright.com.au/faqs/
How do I apply?
You can apply for your Payright loan with assistance from the Merchant, either instore or online. You can also apply directly on your smart phone through an approved link sent to you by the Merchant or through the digital checkout of selected online merchants. You will be asked some details about yourself and your purchase. Applications take a couple of minutes to complete and in most instances, you are provided with an instant decision.
What do I need to apply?
All you need to apply is your contact, employment and purchase details (including finance terms). This will also include providing details of your valid ID to ensure you are who you say you are. In some cases, we may also request for additional information to assess your application such as bank statements. Once approved, your payment details will also be required to set-up your ongoing payment facility.
Am I am able to pay more than the minimum amount?
Yes, you can pay as much as you like at any time with no penalty (as long as it is more than the regular amount due each period). In order to change your repayment schedule or make an additional repayment simply contact us on 1300 338 496.
Can I change my repayments?
Yes, you can change the amount, date or timing of your repayments at any time as long as you pay at least the regular repayment amount each month. To change your repayments simply contact us on 1300 338 496 to make arrangements.
What do I do if I cannot afford my repayments?
We understand that your circumstances can change and you may find it difficult to maintain repayments for periods throughout your loan term. Payright is committed to assess your situation and come to an arrangement to assist you through this time. We encourage you to contact us as soon as possible if you experience problems with your repayments due to a change of circumstance. Please visit our ‘financial hardship’ page for further information.
What are the fees and charges to use Payright?
Payright is always interest free which makes our plan really affordable. When you make a purchase, Payright will open an account for you. You will pay a one off establishment fee (from $0 up to $89.95). This fee is added to the loan amount and is payable over the loan term. There is also a monthly account keeping fee of $3.50, which is a charged (pro-rata) with each repayment and a $2.95 payment processing fee which is also added to each repayment. This information will be outlined for you in a credit schedule.
We hope this helps 🙂
