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Zip Money Instalments

Zip Money now offers interest free instalment plans.*

Sign up to Zip Money

Zip Money Instalments

Zip Money now offers interest free*
instalment plans.

Sign up to Zip Money
Interest free instalment plans.*

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 repayment date, we let you decide when 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 your repayment date
3
End date set by Zip
At 3 to 60 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 are automatically converted 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 are some FAQs 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 a purchase of $300 or more 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!*

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. Other fees may apply.* The interest free period for a purchase made through a Zip partner is a fixed term and is shown at checkout. If the purchase is completed using a Single-use Visa card an interest free period of 3 months will be applied unless extended at check out. 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 balance 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. Any balance outstanding at the expiry of the interest free period will be charged at the applicable variable rate. The applicable standard variable rate is 25.9% per annum, as at 1 June 2023.

An example of how to switch off instalments is shown below: Mange Zip Money account > Change Instalments settings > Enable instalments.

Important information

* Zip Money Instalments: Available to approved applicants only and subject to completion of satisfactory credit check upon application. Instalment plan splits eligible purchases of $300 and above into equal repayments within the interest free period. Eligible purchase excludes Zip bills and gift cards. A monthly account fee of $7.95 applies and a one off establishment fee may apply for new customers. Additional charges may apply, see T&Cs. Under the contract, minimum monthly repayments are required. If you turn off instalments, all future transactions will be reverted to the minimum monthly repayment. Paying only the minimum monthly repayment amount will generally not repay out the purchase within the interest free period. Any balance outstanding at the expiry of the interest free period will be charged at the applicable standard variable interest rate of 25.9% per annum, as at 1 June 2023. Interest, fees and charges are subject to change. 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).

Important information

* Zip Money Instalments: Available to approved applicants only and subject to completion of satisfactory credit check upon application. Instalment plan splits eligible purchases of $300 and above into equal repayments within the interest free period. Eligible purchase excludes Zip bills and gift cards. A monthly account fee of $7.95 applies and a one off establishment fee may apply for new customers. Additional charges may apply, see T&Cs. Under the contract, minimum monthly repayments are required. If you turn off instalments, all future transactions will be reverted to the minimum monthly repayment. Paying only the minimum monthly repayment amount will generally not repay out the 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, 25.9% per annum as at 1 May 2023. Interest, fees and charges are subject to change. 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).