Zip Money interest-free payments

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

Zip Money 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 Zip Money, 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 Zip Money 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.

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Product NameZip Money
Interest Rate (p.a.)From 19.9% (variable)
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 Zip Money work?

You can sign up for a Zip Money 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
$3,000$80 or 3% (whichever is greater)$49
$4,000$80 or 3% (whichever is greater)$75
$5,000 - $30,000$80 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 Zip Money 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 Zip. After your purchase is authorised, Zip will pay the merchant on your behalf.

How do I repay with Zip Money?

Once you've used your Zip Money credit to make a purchase, you need to set up your repayments to be monthly, fortnightly or weekly. Zip Money 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 Zip Money.

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 Zip Money

  • 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. Zip Money offers an interest-free period on all Zip Money transactions, after which your outstanding balance will be subject to the standard APR (currently 19.9% p.a.).
  • Flexible repayment plans. Zip Money 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 Zip Money, allowing automatic deductions to be made directly from your bank account.
  • Borrow what you need. Unlike lump-sum loans disbursed upfront, with Zip Money 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 Zip Money

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, Zip Money 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 Zip Money?

Signing up with Zip Money is quick and easy. Visit the Zip Money 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 Zip Money account. Once signed up, you’ll instantly receive a decision and, once approved, you’ll activate your new Zip Money 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 Zip Money?

Is Zip Money safe?

Zip Money 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 Zip Money 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?

Zip Money 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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79 Responses

  1. Default Gravatar
    MattAugust 16, 2019

    Is there an early pay out fee?

    For example lets say I get $3000 and I pay that back in a month am I only paying the amount borrowed plus the establishment fee and first monthly fee?

    • Avatarfinder Customer Care
      NikkiAugust 17, 2019Staff

      Hi Matt,

      Thanks for getting in touch! ZipMoney doesn’t have early repayment penalties. You can make additional payments at any time. Just be aware that additional payments won’t stop or replace your scheduled payments unless you manually change your payment schedule.

      If you are looking to pay your balance in full, simply change your payment schedule manually. Hope this helps. Feel free to reach out to us again for further assistance.


  2. Default Gravatar
    JetJune 4, 2019

    How to maintain interest free on balances when several purchases have different terms of interest free periods? How are the repayments used to offset balances on various purchases? Do they trick you with interest charges?

    • Avatarfinder Customer Care
      JeniJune 5, 2019Staff

      Hi Jet,

      Thank you for getting in touch with Finder.

      You must pay us the Minimum Repayment Amount shown on your statement by the Due Date that is also shown on your statement. You may choose to pay more if you wish but you must not put the balance in your account in to Credit. They will apply your repayments to your Unpaid Balance. If you need further info on repayments with Zip Money please contact them directly.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    JoeMay 21, 2019

    what is the interest free period for Narellan pools on a 30 k zip loan

    • Avatarfinder Customer Care
      NikkiMay 22, 2019Staff

      Hi Joe,

      Thanks for getting in touch with Finder! As it says on our page, if you are approved for an account, you will be sent a contract which will indicate the interest-free period you will receive. All Zip Money 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.

      Kindly note that any outstanding balance left after the interest-free period will be subject to the standard APR (currently 19.9% p.a.).

      Hope this helps!

      With care,

  4. Default Gravatar
    NatMay 18, 2019

    I’m confused when it says you don’t need a credit card, but it says that it will take the money off your credit card when you need to pay. I’m also asking if it is safe or not because I want to buy a phone using ZipMoney but I’m a little scared if I get scammed.

    • Avatarfinder Customer Care
      MaiMay 19, 2019Staff

      Hi Nat,

      Thank you for reaching out.

      You will not use your credit card when you purchase using Zip Money. When you pay with Zip, they will pay your purchases to the store in full while you pay Zip in staggered depending on the agreed terms. Zip will charge your nominated credit or debit card depending on the installment amount and date you choose as you check out or make payment at the store.

      There are lots of people using Zip as it helps them on being able to pay the purchases in installment form. Feel free to do your researches and review to see what people are saying about this product. This will help you identify if Zip Money is right for you.

      Hope this helps! 😊

      Kind Regards,

  5. Default Gravatar
    MashMay 9, 2019

    I would like to pay my course fee to ‘Platinum Accounting’ using zip money. Can I use zip money to pay that?

    • Avatarfinder Customer Care
      AshMay 10, 2019Staff

      Hi Mash,

      Thank you for contacting Finder.

      Unfortunately, you cannot use ZipMoney to pay for your course fee at “Platinum Accounting”. ZipMoney are only accepted on stores listed at this page wherein you may use it to pay for your purchases.

      Please do not forget to read the full T&Cs and PDS or details of the products before applying and making a financial decision.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.


  6. Default Gravatar
    JamesMarch 21, 2019

    Would I be able to use this money at some other store rather than what is listed out on the website?. If so would I be charged more interest on that debt?

    • Avatarfinder Customer Care
      AshMarch 22, 2019Staff

      Hi James,

      Thank you for contacting Finder.

      Unfortunately, you may only use ZipMoney on the store listed here as they are the only ones that accepts this payment option.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.


  7. Default Gravatar
    SamMarch 13, 2019

    Hi there,

    Are there any account fees or minimum spending fees if you don’t currently have anything to pay off? Im only looking at purchasing one item and plan on paying it off soon, will it charge me for the account even when I don’t have any repayments left?

    • Avatarfinder Customer Care
      MaiMarch 16, 2019Staff

      Hi Sam,

      Thank you for visiting Finder and for leaving a question.

      ZipMoney does not have a minimum spend obligation. There is only a $6 monthly fee and this is waived if you have no balance. So once you have paid your purchase you have an option to keep your account without paying for a monthly fee as long as the balance is nil.

      You may refer to the article above under How much will this cost me? to know what are the other charge/fees involved with ZipMoney. Please make sure that you’ve read the relevant T&Cs or PDS of ZipMoney before making a decision and consider whether this is the right product for you. Feel fee to click the Go To Site button once you are ready to sign up.

      Let us know if you need further assistance and we’ll be happy to help.

      Kind Regards,

  8. Default Gravatar
    JakintlaJanuary 7, 2019

    Does using zipMoney effect your credit rating?

    • Avatarfinder Customer Care
      JhezJanuary 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.


  9. Default Gravatar
    GaryDecember 23, 2018

    Can I get zipMoney on old age pension?

    • Avatarfinder 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!


  10. Default Gravatar
    KeanuDecember 9, 2018

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

    • Avatarfinder 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!


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