How do Zip Money repayments work?

It's easy to manage your Zip Money repayments. Here's how it all works:

How do payments work with Zip Money?

Repayments start from just $40 a month and are based on your account’s credit limit. Your minimum monthly repayment is either a dollar figure (e.g. $80), or 2-3% of your balance owing - whichever is greater. The minimum monthly repayment for your account is outlined in your contract. As your balance owing will change with each purchase, please check your monthly statement to ensure your scheduled payment will cover your balance owing.

Payments are flexible too - choose from weekly, fortnightly or monthly, and pay any amount you like as long as you meet the minimum monthly repayment.

Every Zip Money purchase comes with an interest free period. Pay off your purchase within this period and you won't pay any interest. After this period, a standard interest rate of 19.9% for new customers, will apply to any remaining balance; the exact interest rate depends on the retailer and will be outlined in your contract.


You can make additional payments at any time, and there are no early repayment penalties. Just be aware that additional payments won’t stop or replace your scheduled payments, unless you manually change your payment schedule.

Finally, if there’s nothing owing on your account, there’s nothing to pay. Your account simply remains active until you're ready to make a purchase.

When is my payment due?

Your payment due date typically falls on the day of the month on which you accepted your contract. For example, if you accepted your contract on January 10th, your repayments will be due by the 10th of each subsequent month.

You can find your payment due date for any outstanding balance on your monthly statement and in your contract.

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