Zip Money is an interest-free payment plan service that allows you to pay off your purchases over time in installments with 0% interest*.
The benefits of Zip Money are:
- 0% interest for 3 months
- Pay over time from as little as $40 a month
Interest may apply as outlined below after the interest-free period.
Every time you make a purchase Zip Money will simply add it to your account.
Then at the beginning of the month, you will be sent a summary (called a “statement”) of what you spent and what you have paid in that month.
The summary can then be paid in full at the end of the month or over time from as little as $40 a month.
From 1 July 2022, the Zip Money standard variable interest rate will increase from 19.9% per annum to 21.9% per annum.
*Zip Money Instalment plans split eligible purchases of $300 and above into equal repayments within the interest-free period. This feature assists you to avoid interest charges for that transaction. Turning off installments and/or under the contract, minimum monthly repayments are required. Paying only the minimum monthly repayment amount will not repay a purchase within the interest-free period. Any balance outstanding at the expiry of the interest-free period will be charged at the standard variable rate, 21.9% per annum as at 1 July 22 and is subject to change. A monthly account fee of $7.95 applies and a one-off establishment fee may apply for new customers. Zip Money is available to approved applicants only. 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).
For more information, click here to check the Zip website.