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1% p.a rate drop
every single year

A one-off lump sum with a personalised rate that gets lower every year you repay on time.1

  • $5,000—$50,000 credit limit

    No security required (no need to offer an asset like your car or home).

  • 1% p.a rate drop on each anniversary of your loan for on time repayments

    Personalised interest rate from 11.99% p.a based on your credit score2. Comparison rate 12.94% p.a.4

  • Repayment terms 3 to 7 years

    Choose flexible repayments - weekly, monthly or fortnightly. No early repayment fees.3

  • Monthly fee $9.95

    For servicing your loan.

  • $199 establishment fee

    A one-off fee added to your loan balance.

Features

  • 1% rate drop every single year

  • No early repayment fees

  • Loan funded directly to your nominated back account

  • Loan types cover, debt consolidation, car, wedding, travel, education, renovations, boat, caravan, medical, motorbike

  • 10 minute digital credit application

References

  • T&Cs, fees and credit approval apply. Other charges may be payable. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.
  • 1 The rate drop is applied at the end of each anniversary year. To be eligible for an annual rate drop, you must, during the anniversary year, make all repayment amounts by the due date each month on your personal loan and any other accounts you hold with Zip. If you miss any repayments or are in default under your loan agreement or any of your other Zip accounts at any time, you will not be eligible for an annual rate drop on your next anniversary date, but you may be eligible in subsequent anniversary years if you meet the criteria during those anniversary years. You may not receive the full benefit of annual rate drops if the variable interest rate increases, which may happen from time to time.
  • 2 We determine the interest rate available to you based on your credit score and financial information provided during your application. The interest rate on the Zip Personal Loan ranges between 11.99%p.a. to 21.99%p.a. T&Cs and credit approval criteria apply.
  • 3 Minimum monthly repayments are required. There is no redraw facility available on the loan.
  • 4 The comparison rate for the Zip Personal Loan is based on an unsecured loan of $30,000 over a loan term of 5 years. The comparison rate assumes no Annual Rate Drops are applied. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
  • Zip Personal Loan: Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.
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References

  • T&Cs, fees and credit approval apply. Other charges may be payable. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.
  • 1 The rate drop is applied at the end of each anniversary year. To be eligible for an annual rate drop, you must, during the anniversary year, make all repayment amounts by the due date each month on your personal loan and any other accounts you hold with Zip. If you miss any repayments or are in default under your loan agreement or any of your other Zip accounts at any time, you will not be eligible for an annual rate drop on your next anniversary date, but you may be eligible in subsequent anniversary years if you meet the criteria during those anniversary years. You may not receive the full benefit of annual rate drops if the variable interest rate increases, which may happen from time to time.
  • 2 We determine the interest rate available to you based on your credit score and financial information provided during your application. The interest rate on the Zip Personal Loan ranges between 11.99%p.a. to 21.99%p.a. T&Cs and credit approval criteria apply.
  • 3 Minimum monthly repayments are required. There is no redraw facility available on the loan.
  • 4 The comparison rate for the Zip Personal Loan is based on an unsecured loan of $30,000 over a loan term of 5 years. The comparison rate assumes no Annual Rate Drops are applied. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
  • Zip Personal Loan: Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.