Zip Plus offers two repayment options:
- Choose your repayments: Set your repayment amount, date and frequency to suit you. You can repay weekly, fortnightly or monthly - so long as you meet your minimum monthly repayments (MMR).
- Autopay balance: Zip will adjust your Zip Plus repayment schedule to automatically repay your total balance at the end of each month so you won’t be charged interest and the monthly account fee.
The minimum monthly repayments for Zip Plus are based on the credit limit of your account. If your credit limit is $2,500 or less, your minimum monthly repayment is $80. If your credit limit is $3,000, your minimum monthly repayment is $100, and if your credit limit is $4,000 your minimum monthly repayment is $120.
Repayments are direct debited from your nominated payment method on your account. You can change your payment method at any time, however, you need to have at least one valid payment method on your account at all times.