Zip - Shop Now, Pay Later

zip.co

About this app

ZIP PAY – UP TO $1,000 LIMIT
Shop now, pay later, always interest free.¹ Use the Zip Pay Visa Card anywhere Visa² is accepted for groceries, bills and more. Choose weekly, fortnightly or monthly repayments.

ZIP PLUS – $2,000 TO $20,000 LIMIT
Extra spending power with $0 international transaction fees. Interest free if your month-end balance is under $1,500, or 12.95% p.a. on amounts above.³

ZIP MONEY – UP TO $5,000 LIMIT
Cover bigger purchases: holidays, IVF or more. Enjoy interest free terms and flexible repayments.⁴

ZIP PERSONAL LOAN – UP TO $50,000 LIMIT
Use it for debt consolidation, a car, home renovations and more. Choose a loan term that suits you, with lengths from 3 to 7 years and flexible repayments.⁵

¹ Zip Pay: T&Cs and a $9.95 monthly account fee apply. Other charges may be payable.

² Zip Visa Card is available with Zip Pay and Zip Plus. Zip Visa Card T&Cs apply.

³ Zip Plus: Interest accrues daily on the total balance owing at the end of each day. No interest will be charged to your account in a given month if the balance owing at the end of the last day of that calendar month is $1,500 or less. Each day ends at 11:59pm AEST (AEDT during daylight savings). Standard interest rate is 12.95% p.a. T&Cs and credit approval criteria apply. A monthly account fee of $9.95 will apply if the total balance owing is not paid in full by the end of the last day of the calendar month.

⁴ Zip Money: The interest free period is the maximum period of time when no interest is charged on the purchase. The availability of the interest free period for a purchase will depend on the purchase amount, the minimum monthly repayment and account status. Minimum monthly repayments are required and vary according to credit limit. Minimum monthly repayments may require repayment of the purchase prior to the expiry of the maximum interest free period. In other cases, paying only the minimum monthly repayment may not repay the purchase in the interest free period. Any purchase amount outstanding at the expiry of the interest free period will be charged at the standard variable interest rate, 25.9% per annum, as at 1 June 2023. Zip Money is available to approved applicants and subject to completion of a satisfactory credit assessment. A monthly account fee of $9.95 applies and a one-off establishment fee may apply for new customers.

⁵ Based on an unsecured personal loan of $30,000 over 5 years, a borrower with an excellent credit history can expect to pay a total of $40,893.60. This represents an estimated monthly repayments of $681.56, a variable interest rate of 11.99% p.a. and a comparison rate of 12.94% p.a. including all interest and fees included in your loan repayments over the life of the loan. The comparison rate for the Zip Personal Loan is based on an unsecured loan of $30,000 over a loan term of 5 years. The comparison rate assumes no Annual Rate Drops are applied. WARNING: This comparison rate applies only for the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. We determine the interest rate available to you based on your credit score and financial information provided during your application. The interest rate on the Zip Personal Loan ranges between 11.99%p.a. to 21.99%p.a. T&Cs and credit approval criteria apply. A monthly account fee of $9.95 and one-off establishment fee of $199 will apply.

All products - Interest and other charges may be payable, see T&Cs. Interest, fees and charges are subject to change. Terms & Conditions apply and are available on application. See your contract for further details. Minimum monthly repayments are required and will vary depending on your credit limit. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993, Australian Credit Licence Number 441878).

Ratings and reviews

The worst choice there is in pay later, you'd be better off with any other option. Scummiest business I've ever dealt with too. They attempt multiple increasingly smaller amount charges even if it won't cover a payment, will take any and all you've got in any linked accounts, still charge a late fee anyway and then call to hassle you about it too. They use details explicitly given for a ZipPay account for ZipMoney charges and vice versa, and even keep charging expired cards. List goes on...

What an absolutely garbage company. Must have used some budget AI or something cause this stupid app simply doesn't work. Just takes me in circles. Type your phone number, get a code, ooo we found your account, type your number, verify code. Over and over again. Screw it I'll go download afterpay... I bet it actually works!

I was about to clear my account. Just $1000 away to close my account, they deducted $210 saying it's an instalment fee which is top of the normal instalment fee I pay every month. These guys are rip off. The lesson I learnt is not to live on credit when it is not an emergency.

What’s new

In this release, we've made some improvements to make your Zip experience seamless and easy. We're always improving our app so be sure to update it regularly or just turn on automatic updates.