What is Zip Money?

Zip Money is a reusable account that lets you buy now and pay later. Shop up to your account limit, then set flexible repayments to suit your lifestyle. There's no deposit and every purchase comes with its own interest-free period.

How does it work?

Apply and get a decision in minutes. Once approved, start shopping anywhere you see Zip at checkout. That's it - the items are all yours, with nothing to pay today. Simply pay over time with great interest-free terms on every purchase.

How does repayment work?

Repayments start from just $40 a month and are based on your account's credit limit. Simply choose from weekly, fortnightly or monthly, and pay any amount you like as long as you meet the monthly minimum for your account (outlined in your contract).

To be eligible to apply for a Zip Money account, you need to:

• Be an Australian citizen or permanent resident
• Be at least 18 years of age
• Be employed in some capacity, earning more than $300 per week
• Have not declared bankruptcy or insolvency, we'll then apply our lending criteria to each application. We'll then apply our lending criteria to each application.

What are the fees and interest?

Every Zip Money purchase comes with a minimum of a 3-month interest-free period with some retailers offering up to 50 months no interest. After the interest-free period, a standard interest rate of 19.9% p.a. applies. There may be a one-off set-up fee depending on your account limit, which we'll add to your balance so there's nothing to pay upfront. There's a $6.00 monthly account fee, which is waived if your closing balance is paid by the due date. No balance no fee. Finally, we may charge a $15 late payment fee if you don't meet the monthly minimum, and a $5 bank dishonour fee if your scheduled payment was rejected or dishonoured by your bank. That's it.