Your Zip Personal Loan rewards you with a 1% p.a. interest rate reduction each year you make all repayments on time.
Eligibility
To qualify for the 1% annual rate drop:
- You must make all minimum repayments by the due date each month on your Zip Personal Loan and any other Zip accounts you hold (such as Zip Pay, Zip Plus or Zip Money) during your anniversary year.
- Your anniversary year begins on the date your loan funds are disbursed.
The 1% reduction will be applied to your variable interest rate¹ on the anniversary of your loan each year that you meet these repayment conditions.
If you miss any repayments on your Zip Personal Loan or any other Zip account, you will not be eligible for the rate drop on your next anniversary date. However, you may become eligible again in future anniversary years if all repayments are made on time.
Example
If your minimum monthly repayment is $250, and your loan was funded on 3 March 2025 with a 12.5% p.a. variable interest rate, you’ll need to make all minimum repayments of $250 (or more) each month through to February 2026.
On 3 March 2026, your variable interest rate will reduce to 11.5% p.a., while your minimum monthly repayment will remain at $250.
(You can choose to make repayments weekly or fortnightly, as long as your minimum monthly repayment is met by each due date.)
¹The 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. A monthly account fee of $9.95 and one-off establishment fee of $199 will apply. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.