Thinking about repaying your Zip Personal Loan early? You can do that anytime and we don’t charge early repayment fees. Once it’s repaid in full, your loan will be closed.
Here’s how to do it step by step in the Zip app:
- Navigate to the 'Home' tab
- Tap the “Zip Personal Loan” tile.
- Select "Pay Extra”
- You will be prompted to enter in the amount you would like to pay.
- After reviewing the final repayment amount and selecting your preferred repayment method, tap ' Pay Now'.
What Happens Next?
Your loan balance will be cleared.
Your Zip Personal Loan account will be closed automatically.
There are no early exit or payout fees, so you won’t be charged anything extra for closing early.