What happens if I have a balance owing after the interest free period on Zip Money? – Help Centre

IMPORTANT: The Instalments feature will no longer be available from 24 March 2026. If you currently have an instalment balance you will have received communication from Zip notifying you of the transfer to Flex schedule. You can learn more about the Flex repayment schedule here.

Interest charges will apply if there is a balance remaining after the interest free period expires for a purchase made with Zip Money. Zip Money instalments can help repay your purchase within the interest free period.

If you miss an instalment you will need to log in to your Zip Money account and catch up on that payment to prevent your Instalments from being cancelled.
If you do not pay the purchase off within the interest free period, our standard annual interest rate of 25.9% per annum* applies.

Please check your contract or monthly Zip Money statement to confirm your interest rate.

*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 $9.95 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).

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