The fees for Zip customers can vary depending on the account type and the credit limit approved.
Below is a simple breakdown of the fees for each account type:
Zip Pay
- $0 establishment fee
- $7.95 monthly account keeping fee when a balance is owing
- $40 minimum monthly repayment (or $80 if the credit limit is greater than $1,500)
- No interest ever
Zip Money
- $0 - $99 establishment fee dependent on the approved credit
- $6 monthly account keeping fee
- Minimum monthly repayment from $40 also dependent on the approved credit limit
- Interest at 19.9% per annum, charged monthly on the balance owing after the interest-free period of an order has passed. To see more information about interest-free periods click here
Zip Business Trade
- $0 establishment fee
- $20 monthly account keeping fee when a balance is owing
- $200 minimum monthly repayment
- No interest ever
Zip Business Trade Plus
- $0 establishment fee
- No interest ever
- Flexible repayment options are available, for more information click here