How do I set or change my Zip Money repayment schedule?

The advertised indicative monthly amount is calculated by splitting the advertised RRP over the interest free period - it is not your minimum monthly repayment amount. Minimum monthly repayments apply and vary depending on your closing balance at the end of each statement period. Your minimum monthly repayment is calculated as the greater of $50 or a percentage of your closing balance at the end of each statement period. The percentage will be specified in your contract with Zip.

This means that your minimum monthly repayment will vary every month depending on your closing balance. It also means that the amount you need to pay every month in order to repay your Apple purchase within the applicable interest free period will vary depending on the other transactions you make on your account.

You can change your scheduled repayments in the Zip App at any time, so long as you meet your minimum repayments every month.

Your Zip Money repayment schedule is automatically set when you activate your account. It’s designed to ensure you meet your minimum monthly repayment, which is based on your closing balance

Changing Zip Money Flex repayment schedule

You can set or change your Zip Money repayments schedule to weekly, fortnightly, or monthly, depending on what suits your budget and pay cycle. Here’s how to update your repayment schedule:

1. Log in to your Zip Money account via the Zip app.
2. Go to the “Home” tab.
3. Tap on your Zip Money account.
4. Tap 'Manage Flex'.
5. Tap ‘Edit Repayments’
6. Choose your preferred schedule type: Choose your repayments
7. Fee Waiver
8. Adjust your frequency or repayment amount to suit your preference.
9. Tap ‘Continue’ and then ‘Confirm’.

Note: If you’re scheduled repayments are not sufficient to repay your minimum monthly repayment by the due date, we will automatically increase your scheduled payments to meet that amount. Where your minimum monthly repayments increase or decrease in later months, we will adjust your scheduled repayments to pay only your MMP. To make extra repayments please see How do I make an additional repayment?

*Available with Zip Money only. Indicative monthly amount is calculated by splitting the advertised RRP over the interest free period. It is not your minimum monthly repayment amount and does not include any applicable fees. Minimum monthly repayments apply and vary depending on your closing balance at the end of each statement period. To repay within the interest-free period in most cases, you will need to pay more than the minimum monthly payment. Paying the minimum monthly payment only may not repay the purchase within the interest free period and in other cases, may result in paying off the purchase before the interest free period expires. If you have an existing balance on your Zip Money account, or you transact on your account after this purchase, the amount required to repay this purchase within the interest free period will vary. Any balance outstanding at the expiry of the interest free period will be charged at the standard variable interest rate, 25.9% per annum, as at 1 June 2023. A monthly account fee of $9.95 will apply. A one-off establishment fee may apply for new customers. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878. Find out more https://zip.co/au/zip-money.