Zip Pay
Zip Pay is always interest free!* Your purchases through Zip Pay will never incur interest.
Zip Plus
Interest is waived when your owing balance is $1,000 or less at the end of each calendar month. If your owing balance is over $1,000 at the end of the calendar month interest applies at 13.70% p.a. interest (accruing daily)¹.
Zip Money
Zip Money is an interest-bearing account, but every Zip Money purchase comes with its own interest-free period.
What interest-free periods are offered with Zip Money?
A purchase made with Zip Money can receive an interest-free period of 3 to 60 months². The interest-free period that applies to your purchase will depend on:
- the purchase price of the item
- the promotion offered by the merchant (or by Zip for periods up to 3 months)
- your minimum monthly payment (MMP) which is the greater of $50 or 3% of your closing balance.
Each purchase on your account has its own interest-free period. It may differ from your other purchases and is not based on your overall credit limit.
What happens if I don’t repay my purchase within the interest-free period?
If a balance remains after your interest-free period ends, the remaining amount will begin to accrue interest at the standard variable rate of 25.9% per annum** (as at 1 June 2023).
You can find your interest rate on your most recent statement.
How can I keep track of my interest-free periods?
The Zip App provides a clear breakdown of your:
- balance currently in an interest-free period
- balances that will move to interest-bearing within the next 60 days
- total interest-bearing balance
This makes it easier to plan your repayments and avoid interest.
* Minimum monthly repayments are required. A monthly account fee of $9.95 applies and is subject to change. Pay your closing balance in full by the due date each month and we’ll waive the fee. Available to approved applicants only and subject to completion of satisfactory credit check. Other charges may be payable. T&Cs apply.
¹ Interest accrues daily on the total balance owing at the end of each day. No interest will be charged to your account in a given month if the balance owing at the end of the last day of that calendar month is $1,000 or less. Each day ends at 11:59pm AEST (AEDT during daylight savings). Standard interest rate is 13.70% p.a as at 1 April 2026. T&Cs and credit approval criteria apply. A monthly account fee of $9.95 will apply if the total balance owing is not paid in full by the end of the last day of the calendar month. Interest and other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.
² The interest free period is the maximum period of time when no interest is charged on the purchase. The availability of the interest free period for a purchase will depend on the purchase amount, the minimum monthly repayment and account status. Minimum monthly repayments are required and vary according to your closing balance at the end of each statement period. Minimum monthly repayments may require repayment of the purchase prior to the expiry of the maximum interest free period. In other cases, paying only the minimum monthly repayment may not repay the purchase in the interest free period. Any purchase amount outstanding at the expiry of the interest free period will be charged at the standard variable interest rate, 25.9% per annum, as at 1 June 2023. Zip Money is available to approved applicants and subject to completion of a satisfactory credit assessment. A monthly account fee of $9.95 applies and a one-off establishment fee may apply for new customers. Other charges may be payable, see T&Cs. Interest, fees and charges are subject to change. Terms and Conditions apply and are available on application. Further details [insert link]. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.