ZipMoney vs Afterpay

Look out for repayment terms, late payment fees and flexible payments.

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Are you looking to take advantage of shopping with an interest-free finance platform? There are a few available and each offers varying costs and features. So, to help you narrow down your options, we've compared two prominent options: Afterpay and zipMoney.

Make sure you consider all aspects of each platform before you decide which provider may be right for you.

Name Product Min Loan Amount Max. Loan Amount Interest Rate (p.a.) Application Fee
Zip Money

From 19.90% (variable)
$0 - $99
Get a convenient line of credit up to $30,000 to shop at a range of stores. All purchases get 3 months interest-free.

Compare up to 4 providers

Interest-free period8 weeksMinimum 3 months
Repayment term8 weeks (fortnightly instalments)Up to 36 months
Upfront and ongoing feesNone
  • $6 monthly service fee when you have an outstanding balance (this fee is $0 when you have no balance)
  • No establishment fee for $1,000 credit limits; $25 establishment fee for credit limits of $2,000; $80 establishment fee for credit limits of $3,000
Late payment fees
  • $10 for failed automatic payments
  • $7 late fee if payment hasn't been made 7 days later
  • $15 for late payments
  • Other fees and charges may apply for dishonoured payments
  • After the initial interest-free period a variable rate will apply to your outstanding balance
Payment flexibility
  • You cannot change your payment schedule
  • Minimum repayment of $40 for credit limits up to $2,000 and minimum repayment of $80 for credit limits of $3,000. As long as you stick to these minimum payments you can pay how you choose.
  • You can change the frequency of your payments or your payment schedule in your account
SignupCan be done instantly online or in-store at participating merchantsYou can apply directly through zipMoney or online or in-store at a participating zipMoney merchant
Find out moreRead the full reviewRead the full review
  • Over 18
  • Live in Australia
  • Can enter into a legally binding contract
  • Have a valid email and phone number
  • Use an Australian credit or debit card
  • Australian resident
  • Over 18
  • Employed
  • Earn more than $300 per week
  • Have an individual email address and mobile phone number
Credit scoreAfterpay reserves the right to report negative activity to credit providerszipMoney will check your credit report when you apply and reserves the right to report negative activity to a credit reporting body
AvailabilityFull Afterpay store listFull zipMoney store list

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