zipMoney interest-free payments

Find out how you can buy now and pay later with zipMoney.

zipMoney is a simple way to help you pay for things without needing the cash upfront or a credit card. When you sign up and are approved with zipMoney, you’ll receive an initial line of credit of up to $3,000 that’s immediately made available to you.

You’re then able to use zipMoney during the checkout process of any participating Zip merchant. In addition, you have a default three-month window where you’re able to make repayments interest-free.

Not what you're after? Find out about zipPay

Product NameZip Money
Interest Rate (p.a.)From 19.9% (variable)
Comparison Rate (p.a.)
Interest Rate TypeVariable
Min Loan Amount$1,000
Max. Loan Amount$30,000
Loan SecurityUnsecured


  • Convenient line of credit for purchases
  • No interest for 3 months


  • High interest rate
  • Only available at certain merchants

How does zipMoney work?

You can sign up for a zipMoney account online or in-store. The application takes about three minutes and requires your residential, employment and financial information as well as your email address and phone number.

When you apply you will need to select from one of three credit limit tiers:

Credit limitMinimum repaymentEstablishment fee
$5,000 - $30,000$500 or 3% (whichever is greater)$99

If you are approved for an account you will be sent a contract which will indicate the interest-free period you will receive. All zipMoney accounts come with a minimum of three months interest-free but some come with longer periods. If you don't have an order attached to your application then this period will not be stated: it is only when you make a purchase that the period when you apply.

Once you agree to the contract and provide your payment information, you can now use and manage your account. Each purchase you make with your new account must be authorised by both you and zipMoney. After your purchase is authorised, zipMoney will pay the merchant on your behalf.

How do I repay with zipMoney?

Once you've used your zipMoney credit to make a purchase, you need to set up your repayments to be monthly, fortnightly or weekly. zipMoney will then automatically direct debit those repayments according to your chosen frequency and based on the minimum repayment. You can also make additional repayments whenever you like.

Keep in mind you can only use a debit card or bank account to repay with zipMoney.

Once your credit is repaid you can keep your account open. You won't be charged anything if your balance is $0.

Features of shopping with zipMoney

  • Real-time approval. Signing up is quick and easy, enabling you to complete the entire process, including getting a real-time approval decision, in just a few minutes and even while checking out at a store.
  • Interest-free period. zipMoney offers an interest-free period on all zipMoney transactions, after which your outstanding balance will be subject to the standard APR (currently 19.9% p.a.).
  • Flexible repayment plans. zipMoney offers flexible repayments as long as you’re meeting the minimum monthly payment required outlined above.
  • Automatic deductions. Direct debit is an extra feature of zipMoney, allowing automatic deductions to be made directly from your bank account.
  • Borrow what you need. Unlike lump-sum loans disbursed upfront, with zipMoney you only borrow what you need to make a purchase.
  • Account management features. Change your repayment amount or payment dates in your convenient online account.

See the full list of stores with zipMoney

How much will this cost me?

  • Interest rate. After the interest-free period expires, you’ll be charged the standard annual percentage rate (APR) on your outstanding balance. This is a variable rate that currently stands at 19.9% p.a.
  • Minimum monthly repayment. The minimum monthly repayment for your credit limit differs by tier and is outlined above.
  • Monthly account management fee. There is a monthly fee of $6 charged any month that you have an outstanding balance.
  • Establishment fee. While signing up and activating your account, you may or may not be charged a one-off establishment fee. If charged, the amount will be debited to your account and paid back over time.
  • Late fees. If you don’t make your repayments on time or if you dishonour your repayments altogether, zipMoney reserves the right to levy additional fees and charges to your account. The amount may vary so refer to your contract for details.

How do I sign up with zipMoney?

Signing up with zipMoney is quick and easy. Visit the zipMoney sign-up page and complete the application process to get a real-time decision. The entire process usually takes no more than five minutes.

To qualify, you need to:

  • Be an Australian resident over 18 years of age
  • Be able to enter into a legally binding contract
  • Have a valid bank account

While signing up, you need some personal identifying information as well as your bank account details to link it to your zipMoney account. Once signed up, you’ll instantly receive a decision and, once approved, you’ll activate your new zipMoney account by simply accepting the terms & conditions and entering the SMS code that would be sent to the mobile phone number you registered with.

Have more questions about zipMoney?

Is zipMoney safe?

ZipMoney uses 128-bit Secure Socket Layer (SSL) data encryption to protect all your information and financial transactions. 128-bit SSL encryption is the same technology used by banks all over the world.

How do I manage my account?

Once you’ve created your zipMoney account, you’re able to login and manage many aspects of your account including increasing or decreasing deducted repayment amounts, adding or modifying payment methods, tracking transaction activity, scheduling new repayment periods, accessing previous statements, viewing updated zip merchant lists, and more.

Am I eligible if I have bad credit?

zipMoney uses a range of data to determine whether or not you can afford a payment plan. Bad credit doesn’t automatically disqualify you, but you will only be approved if you are in a good financial position. Note your credit history will be checked.

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65 Responses

  1. Default Gravatar
    JakintlaJanuary 7, 2019

    Does using zipMoney effect your credit rating?

    • finder Customer Care
      JhezelynJanuary 8, 2019Staff

      Hello Jakintla,

      Thank you for your comment.

      Yes, zipMoney can affect your credit score. That’s why it’s important to keep up with your minimum repayments.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  2. Default Gravatar
    December 23, 2018

    Can I get zipMoney on old age pension?

    • finder Customer Care
      JeniDecember 23, 2018Staff

      Hi Gary,

      Thank you for getting in touch with finder.

      You may apply for zipMoney so long that you have a valid bank account and you meet the eligibility criteria. If your old pension goes to that valid bank account that would be fine.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  3. Default Gravatar
    KeanuDecember 9, 2018

    Hi there I was just like to know if I can use zipmoney to buy a car

    • finder Customer Care
      JohnDecember 12, 2018Staff

      Hi Keanu,

      Thank you for leaving a question.

      There are currently no Automotive selling companies affiliated with ZipMoney. Please click this link to see the full list of stores that accept zipMoney. Hope this helps!


  4. Default Gravatar
    MarkDecember 5, 2018

    Hi I have a zip money account with several transactions on it now all with different interests periods how do I know which one my repayments are going towards? Is it by order of purchase date or a percentage of each one or does it simply go to paying off the one that has the interest free period ending first? Thanks

    • finder Customer Care
      MayDecember 11, 2018Staff

      Hi Mark,

      Thanks for your question.

      With ZipMoney, in one account you will have one “repayment schedule” to manage. So even when you have different interest periods, each month you will have one minimum monthly repayment. Repayments usually start from $40 a month and are based on your account’s credit limit. Since your balance owing will change with each purchase, you may need to check your monthly statement to be sure your “scheduled payment” will cover the minimum repayment amount.

      Hope this has helped.


  5. Default Gravatar
    NillyDecember 4, 2018

    Hi made a Bpay payment and payment has not been received to biller. Unable to contact customer care phone, not working. I need a reference number for the payment which does not show at all when you make payments so there is no way to back track getting very concerned.

    • finder Customer Care
      MayDecember 10, 2018Staff

      Hi Nilly,

      Thanks for your comment and sorry for the delay.

      I understand you’re concerned that you can’t back track to find out if your Bpay payment did go through. Typically, it will take roughly 3 business days before the BPAY payment shows in your digital wallet so your payment will not immediately appear on your biller’s end. I hope this time it was already sorted.

      Hope this has helped.


  6. Default Gravatar
    HaidynDecember 1, 2018

    Hi, just wondering if I pay something and then a month later buy something else and there is a difference in interest free point, does your payment come out of the first thing you buy then the next or does the interest hit you even though you have payed back the money from the first purchase?

    • finder Customer Care
      CharisseDecember 7, 2018Staff

      Hi Haidyn,

      Thanks for reaching out to finder.

      Zip Money will not charge you any interest if you are able to pay within the interest-free period per purchase, as the length of the interest-free period may vary from one merchant to another.

      If you’re paying off multiple purchases at the same time, Zip Money allocates your repayment towards the purchase with the interest-free period due to end soonest to help you avoid paying interest.

      I hope this helps.


  7. Default Gravatar
    BernieNovember 13, 2018

    Is there a collect item/s option for zip money purchases as delivery can take a while at times

    • finder Customer Care
      JeniNovember 26, 2018Staff

      Hi Bernie,

      Thank you for getting in touch with finder.

      For ways on getting the items purchased through zipmoney depends on the merchant. It is best to contact the merchant directly to know if you can pick up the item/s at their nearest store.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  8. finder Customer Care
    JohnNovember 8, 2018Staff

    Hi Sam,

    Thank you for reaching out to finder.

    With most payday loan lenders requiring no credit checks for payday loans. You would need to go to the lender’s location, fill out an application and wait for the approval of your application. You may also need to give the lender proof of income, such as a bank statement or a paycheck stub. You may click on this link to see a panel of lenders that offer Payday loans. Hope this helps!


  9. Default Gravatar
    HiNovember 7, 2018

    Why do you ask for CRN and password?

    • finder Customer Care
      JhezelynNovember 9, 2018Staff

      Hello Eddie,

      Thank you for your comment.

      If you’re referring to zipMoney asking your bank login information (username, password, security questions), they actually have identified online banking access as the quickest and easiest method to get access to your banking information. In order to access this information, it is required that you provide your username, password, and any security questions associated with your online banking account.

      Please note that zipMoney takes security very seriously and use the same encryption that Australian banks employ. They do not keep your internet banking user ID or password. Your user ID and password are encrypted when you enter it, securely passed to your bank once to gain ‘read only’ access to your transaction history and then permanently deleted.

      There’s an article on this page that explains why some financial institution do this. Hope this can help. 

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  10. Default Gravatar
    RickOctober 24, 2018

    Hi, I am enquiring about borroowing$3999 for overseas trip. I started to apply on line but it seems the maximum is $3000 that I can borrow. Is this correct or how can I borrow the larger amount?

    • finder Customer Care
      JohnOctober 24, 2018Staff

      Hi Rick,

      Thank you for leaving a question.

      You may visit our article on personal loans by clicking this page. Depending on the lender that you will go with, loans may range from as little as $1000 to $20000 as the minimum amount. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!


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