Enter the amount you want to spend and find out how much you’ll need to repay.
How it works and what you will need to apply
How it works
Always interest free^
Spend limits progressively increase to $2,000 based on your credit score and repayment behaviour.
Pay 25% today
Spread payments over 6 weeks
$10 late fee^
What you'll need to apply
Your full name
Your date of birth
Your address
NZ drivers licence number*
NZ Credit or Debit card
Zip is here for you
Interest Free^
No interest, ever. Never pay more than the purchase price when you repay on time
Instant Approval^
Apply in minutes with real time approval start spending straight away
Simple and transparent
Repay early with no penalty. $10 late fees are charged if you miss a payment, capped at $40 per order
Loved by Kiwi shoppers
This service has helped me out
This service has helped me out when in a tight spot, like to many birthdays in one month, price off food being so high and a special comes up that is one week only.
VerifiedExtremely happy with Zip app
Very helpful app when you need a urgent purchase on a limited budget. Adjust your pay days to suit your income. Extremely happy with zip app
VerifiedBest app I’ve ever used
There's nothing to say about this because it's the best app I've ever used and and will continue with it
VerifiedGreat experience with Zip
Always had a great experience with Zip app helps me attain what i need with smaller regular payments
VerifiedFrequently Asked Questions
- Zip allows you to make purchases and get your goods shipped straight away but only pay 25% upfront with the rest charged over three fortnightly interest-free payments.
Yes! On average, customers who use Flexible First Payment pay 38% up front!
You can pay more than 25%, up to 100% at checkout for online transactions.
For example, for a $500 order, if you pay $200 (40%) upfront, your future repayments will be reduced to $100 each.
Your first instalment must be paid on the day you place your order, but you can increase how much you want to pay upfront to reduce your future fortnightly repayments.
- If you pass Zip's minimum credit criteria you will be allocated a starting spend limit between $250 - $1,000, subject to an individualised credit assessment. As you purchase using Zip and make your repayments on time, your spend limit may increase (subject to credit checks), up to a maximum of $1,500 for most credit scores and $2,000 for those with higher credit scores.
You can apply when checking out or at zip.co/nz. The application process takes 2-3 minutes and you need to be 18 years or older with valid ID and a NZ debit or credit card. Applications are subject to credit assessment.
- Zip needs to identify you. You can get manually ID verified as part of the application or checkout process with other forms of ID (this process can take up to 24 hours) so just follow the prompts.
- There are no fees and interest costs to shop with Zip if you make your payments on time. If you miss a payment you will be charged a $10 default fee per week if it is late (capped at $40 total late fees per purchase).
If you're shopping and the total value of a transaction is above the spend limit specified on your Zip account, you have the opportunity to pay for the difference upfront, on top of your initial instalment online and with selected merchants in-store. When you log in to your Zip account on checkout, you'll be informed of the value of the increased initial payment and future instalments.
This functionality is available online with any of our merchants and is currently available in-store with the exception of Chemist Warehouse.
In the example below, the account spend limit is $1,000 but the purchase value is $1,500:
- Instalment 1
- $750.00 25% of purchase price + $500 (the amount the spend limit is exceeded by)
- Instalment 2 – $250.00
- Instalment 3 – $250.00
- Instalment 4 – $250.00
Unfortunately, we are unable to manually increase your spend limit, but this may gradually increase the more you shop using Zip (subject to credit checks).
- Zip performs a credit check as part of its application process. Zip retailers do not have any influence on Zip's credit criteria. If you have questions around your application you will need to contact Zip via
References
- ^ Zip Pay in 4 is available to approved applicants only and subject to completion of satisfactory credit checks. Late fees may be payable, for more information see T&Cs. Zip Co NZ Finance Limited FSP 598969.
- * If you don’t have a NZ Driver Licence, our team will need to manually verify your ID (Passport) and proof of address. Select I don't have a NZ Driver Licence at the ID stage and we'll verify your account within 48 hours.