Zip Money Instalments is a repayment feature that helps you avoid interest charges when you make a purchase.
Make an eligible purchase* through a Zip partner or using a Single-use visa card and we’ll automatically split your repayments for that purchase into equal monthly instalments within the offered interest free period.
A guaranteed minimum interest free period of 3 months is offered across all purchases and up to 36 months with some Zip partners!
Instalments are fixed to a monthly schedule to ensure that you repay your transactions within the allocated interest free period.
If you would like more flexibility you can opt out of instalment plans anytime in the Zip app. Your purchase will be moved to a custom repayment schedule, to learn more click here. Please be mindful, if you don’t repay in full by the end of the interest free period interest will be charged at 25.9% per annum**.
*Minimum purchase value of $300. Instalments not available for gift card purchases.
*Available to approved applicants only and subject to completion of satisfactory credit check. Minimum monthly repayments are required. Paying only the minimum monthly repayment amount will generally not repay the purchase within the interest free period. A monthly account fee of $7.95 will also apply and a one-off establishment fee may apply for new customers. Any balance outstanding at the expiry of the interest free period will be charged at the standard variable rate, 25.9% per annum as at 1 May 2023. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Terms & Conditions apply and are available on application. See your contract for further details. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878).