How do I choose my payment schedule?

You can choose to make repayments:

Which Option Is Right for Me?

Weekly or Fortnightly

These options may suit you if you're paid weekly or every two weeks.

Because payments are made more frequently, each individual payment is usually smaller and can be easier to budget for.

Four-Weekly

This option may be suitable if you're paid every four weeks.

Your repayment date will stay aligned with your pay cycle, helping you plan your budget more easily.

Monthly

This option is often chosen by customers who receive their income once a month.

If you select monthly repayments, you'll need to choose a payment date between the 1st and 28th of the month.

Unfortunately, dates on the 29th, 30th, and 31st are not available because not every month contains those dates.

Four-Weekly vs Monthly

Although they sound similar, they are different:

• A monthly payment plan has 12 payments per year

• A four-weekly payment plan has 13 payments per year

If you're unsure which option to choose, check your pay dates and select the schedule that best matches when you receive your income.