Get Your Pay Early in Australia

We can run short on cash before our payday arrives. When that happens, getting a loan is the first thing we think about. 

From hard money loans to buy-now-pay-later loans, there are so many ways you can get some extra cash. But what if you don’t want a full-fledged loan? What if you just want early access to your pay?

Well, we’ll tell you how you can do just that down below. So, let’s get started, shall we?

What this article covers:

Can You Get Early Access to Pay in Australia?

Absolutely. 

Many service providers and apps offer pay advances/before-pay loans to clients who need money before their payday. Although the accessed amount isn’t too large, it can help you get by till the long-awaited payday arrives. 

You’ll essentially be borrowing a part of your wage, which is why this service doesn’t come with an interest rate. However, lenders will impose a fixed fee for every cash advance. 

get your pay early australia

How Much Money Can You Access Before Payday?

The amount you can borrow will be determined by the early pay service provider. Most will offer 25% of your wage, which is usually around $100-$750. Occasionally, some service providers will offer up to $1,000 and even $2,000. 

With every pay cycle, you’ll get a part of your wage early, and once your paycheck arrives, you’ll simply pay it back. Accordingly, before-pay loans have a maximum repayment term of 30 days. 

How Much Does It Cost to Get Your Pay Early in Australia?

Generally, a before-pay loan or cash advance comes with a 5% service fee for each transaction. So if you’re borrowing $100, you’ll pay $5 to the cash-advance service provider. Occasionally, some establishments will charge a flat fee, regardless of the borrowed amount.

In a nutshell, each instant cash advance app in Australia has its own fees and terms. So, it’s your job to compare these service providers to find the best one. 

before pay loans

How to Get Paid Before Payday

To get early pay, you have two options. 

Either you approach your employer for an advance which is then deducted from your next paycheck, or you use a cash-advance service provider. 

Once your request for a cash advance is approved, the service provider will promptly send the money to your bank account. Then, once your paycheck is deposited into your bank account, the service provider will deduct the owed amount and service fee via direct debit. 

This method of getting your pay early is classified as a “Direct-to-Consumer Pay On-Demand.”

However, there’s also what’s known as an “Employer-Sponsored Pay On-Demand” or “Earned Wage Access.” This is when the employer provides the cash advance service by utilising a third-party app.

While the two methods seem quite similar, the “Earned Wage Access” requires no fees or interest to access money before payday. As such, it’s usually the more popular option. 

Still, take care that not all companies and employers offer “Earned Wage Access.” If that’s the case in your place of work, you’ll have no option but to independently use a cash-advance app. 

get your pay early

Alternatives to Get Your Pay Early Services

If you don’t like the idea of early access to pay before payday, here are a couple of other ways you can get your hands on some money. 

Instant Loans

Getting an instant loan is a great alternative to getting early pay. While it comes with higher fees, it allows you access to larger amounts of money. 

Not only that, but it’s also much speedier than access to money before payday. In fact, instant loans, especially no paperwork loans, can be deposited into your account just one hour after your loan application.

Note: Many loan providers like Direct Finance and Cash Bridge offer these instant loans. However, you’ll definitely find the best offers here at Orange Loans. 

Centrelink Cash Advance 

If you’re a Centrelink recipient, you can apply for a cash advance. 

This advance has no fees or interest rates, and it’ll simply be deducted from your next Centrelink payment. 

access pay before payday australia

Conclusion 

Many apps and service providers allow you to get your pay early in Australia. For just a small fee, you can get up to 25% of your wages before your payday. 

Just keep in mind that the pay advance isn’t always instantaneous. You may have to wait a day or two to access it. If you can’t wait, then it’s best to look at other options, such as no paperwork loans and Centrelink cash advances.

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