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Set and forget.

Zip Money now offers interest free*
instalment plans.

Set and forget.

Zip Money now offers interest free*
instalment plans.

Big buys, small repayments

Working out the best way to pay off bigger buys can be tricky. So we’ve created instalment plans for purchases over $300 to help you avoid interest charges.*

It’s the perfect way to pay for anything, from a glow-up for your home, office, or car, to that thing you need for your weekend hobby.

Sounds like a plan?

How it works

Our Zip Money plans are different to other buy now, pay later products. Instead of a fixed number of repayments, we let you decide how often you’d like to pay, and then we work out the rest.

1
Pay nothing upfront
Get your goodies now, pay nothing upfront
2
Pick your schedule
Choose to pay weekly, fortnightly or monthly
3
End date set by Zip
At 3 to 36 months, depending on interest free period*
4
Plan created
Stick to the plan to avoid interest charges*
And of course this is Zip, which means ...
You’re in control

Use the Zip App to track your paid and upcoming instalments, or make changes to your plan with a few taps. We make everything easy by bundling all your purchases into one repayment schedule.

Pay at your pace

Zip Money instalment plans happen automatically when you spend over $300. You can choose to extend the plan beyond the interest free period for a fee when you pay with a single use card. Or, you can opt out of instalment payments and switch back to minimum monthly repayments.*

Got any questions?

Here's a little FAQ to help you get to know more about Zip Money Instalments.

Zip Money Instalments is a repayment feature that helps you avoid interest charges when you make a purchase.

Make an eligible purchase* through a Zip partner and we’ll automatically split your repayments into equal easy to maintain weekly, fortnightly or monthly instalments within the offered interest free period.

A guaranteed minimum interest free period of 3 months is offered across all purchases and up to 36 months with some Zip partners!

*Minimum purchase value of $300. Instalments not available on Single Use Visa card purchases via the Shop feature in App, Zip bills or gift card purchases.

Each eligible purchase to the value of $300 or above will be split into equal instalments set within the interest free period.

The interest free period for the purchase is determined by the retailer and is shown at checkout.

You can later adjust your instalment frequency to a preference of weekly, fortnightly or monthly.

For example, if you use your Zip Money account to make a $600 purchase with an interest free period of 3 months this can be repaid at the following rates:

$200 per month, $100 per fortnight or $50 per week.

Your instalments will run according to your schedule frequency, the first instalment of a purchase will commence after you have received your statement.

The instalments for this purchase will run for the duration of the offered interest free period, a minimum of 3 months unless otherwise specified.

If you have multiple purchases being repaid through instalments, these will be bundled into one easy to maintain recurring repayment.

The instalment frequency can be adjusted to a preference of weekly, fortnightly or monthly, to do so select ‘Manage’ > 'Change' within the Zip app.

This frequency selected will apply to purchases on instalments as well as your custom payments.

Custom repayments apply to any purchase not on instalments or if the purchase value is below $300, as well as any account fees or charges.

Instalments can be switched off at any time, doing so will cancel any upcoming instalment repayment, and stop any future purchase from automatically being split into equal instalments.

Without instalments, you can repay your purchase(s) at your own pace by setting a scheduled amount and frequency via the ‘Custom schedule’ option.

However, this must be at a rate no less than the contractual monthly minimum, as stated in the account statement.

Paying only the minimum monthly repayment will generally not repay a purchase within the applicable interest free period.

An example of how to switch off instalments is shown below:

Mange Zip Money account > Change Instalments settings > Enable instalments.

*Available to approved applicants only. Instalment plan splits eligible purchases of $300 and above into equal repayments within the interest free period. A monthly account fee of $6.00 applies and a one off establishment fee that may apply for new customers. Under the contract, minimum monthly repayments are required. Paying only the minimum monthly repayment amount will not pay out the purchase within the interest free period. Any balance outstanding at the expiry of the interest free will be charged at the standard annual percentage rate, currently 19.9%. 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).
*Available to approved applicants only. Instalment plan splits eligible purchases of $300 and above into equal repayments within the interest free period. A monthly account fee of $6.00 applies and a one off establishment fee that may apply for new customers. Under the contract, minimum monthly repayments are required. Paying only the minimum monthly repayment amount will not pay out the purchase within the interest free period. Any balance outstanding at the expiry of the interest free will be charged at the standard annual percentage rate, currently 19.9%. 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).