Instalments work best as a monthly schedule to ensure that you repay your transactions within the allocated interest free period.
You have the option to repay instalments early with our 'Pay Now' feature. This allows you to repay your instalment repayment ahead of time. If you do repay early, your schedule for that instalment plan will reflect this and give you more time until your next repayment.
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 the purchase in full by the end of the interest free period, interest will be charged at 25.9% per annum*.
*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).