Zip Plus minimum monthly repayments recently changed as per our communication to you via email 30 April 2026. The change will be effective as of 1 June 2026 (your first Statement Date reflecting the change will be 30 June 2026).
From 1 June 2026 your minimum monthly repayment will be calculated as $25 or 2% of your owing (closing) balance at the end of the month, whichever is greater. If your closing balance (total owing at the end of the Statement Period) is less than $25, then your minimum monthly repayment will be your total closing balance.
Your monthly statement will be available to you at the end of the month. The statement will outline your closing balance (your owing balance at the end of the Statement Period) and the associated minimum amount you are required to repay by the due date.
As long as you meet your minimum repayment for the month, you can choose how much you repay and when you make repayments - weekly, fortnightly, or monthly - depending on what works best for you.
Increasing your repayment amount helps you repay your balance faster and may reduce the interest applied to your Zip Plus account.