Learn about the rates and fees that apply to your Zip Personal Loan, so you always know what to expect with no surprises and no hidden charges.
Interest Rates
Variable interest rate: 11.99% – 21.99% p.a.
This is the interest rate applied to your loan balance, this rate is outlined in your loan contract before you accept it. The interest rate may change over time however we will communicate this to you with the appropriate notice period.
Comparison rate: 12.94% – 22.90% p.a.¹
The comparison rate includes the loan’s interest and standard fees to help you understand the overall cost of your loan.
Fees
- Establishment fee: $199 (Added to your loan balance when funds are disbursed)
- Monthly account fee: $9.95 (Charged each month until your loan is fully repaid)
- Late fee: $25 (Applied if a repayment is more than 21 days overdue)
No Fees or Penalties for Early Repayment
You can make extra payments or repay your loan in full at any time, there are no penalties or early exit fees. For more information on repaying your loan early, visit here.