The Zip Personal Loan is a flexible way to borrow between $5,000 and $50,000 over a 3 to 7 year term, helping you fund life’s big moments (like weddings or renovations) or consolidate existing debts (such as credit cards or other existing loans).
Key Features
- Loan amount: $5,000 – $50,000
- Loan term: 3 to 7 years
- Interest rate: Variable rate from 11.99% to 21.99% p.a.
- Comparison rate: From 12.94% to 22.90% p.a.¹
- Unsecured loan: No collateral required
- Rate rewards: Receive a 1% rate drop² each year you make all your Zip repayments on time
Fees and Charges
- Establishment fee: $199 (added to your loan balance when approved)
- Monthly fee: $9.95 (included in your minimum monthly repayment)
- Late fee: $25 (if any repayment is more than 21 days overdue)
- No early repayment fees: You can make extra payments or repay your loan early anytime without penalty.
Flexible Repayments
Choose to make repayments weekly, fortnightly, or monthly, as long as your minimum monthly repayment is met.
Easy Online Application
You can apply online or in the Zip app in just a few minutes³.
For eligibility criteria and documentation requirements, visit here.
To apply for a Zip Personal Loan, visit here.
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¹The 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 is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
²The rate drop is applied to your personal loan 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 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. T&Cs and credit approval criteria apply. We will 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.
³Subject to credit assessment criteria. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.