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