What happens if I have a balance owing after the interest free period on Zip Money? – Help Centre

Interest charges will apply if there is a balance remaining after the interest free period expires for a purchase made with Zip Money. Zip Money instalments can help repay your purchase within the interest free period.

If you miss an instalment you will need to log in to your Zip Money account and catch up on that payment to prevent your Instalments from being cancelled.
If you do not pay the purchase off within the interest free period, our standard annual interest rate of 25.9% per annum* applies.

Please check your contract or monthly Zip Money statement to confirm your interest rate.

IMPORTANT: The Instalments feature will no longer be available for new purchases made from 12 August 2025. From this date, all new purchases will be placed on the Flex repayment schedule. Existing Instalment plans will continue, and you must keep making repayments as usual. For more information on these changes, please visit here.

*Available to approved applicants only and subject to completion of satisfactory credit check. Minimum monthly repayments are required. Paying only the minimum monthly repayment amount will generally not repay the purchase within the interest free period. A monthly account fee of $9.95 will also apply and a one-off establishment fee may apply for new customers. Any balance outstanding at the expiry of the interest free period will be charged at the standard variable rate, 25.9% per annum as at 1 May 2023. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Terms & Conditions apply and are available on application. See your contract for further details. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878).

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