What is the minimum repayment required each month and when is it due?
|If Part Pay is activated||Activating Part Pay will enable you to pay a minimum of 1/4 of your Statement Balance, |
|If Part Pay is not activated||The minimum repayment required per month is the Statement Balance,|
You may activate Part Pay before the Due Date by selecting the Part Pay option in the ZIP Wallet, Zip App, or by contacting our customer service team.
You can choose to pay your balance however you like (as long as you pay the minimum monthly repayment) by setting up weekly, fortnightly or monthly repayments to suit your business. You can also change this at any time. Please make sure to have a look at our fees and charges.
Important: when making an additional payment to your account, your scheduled repayment will still run if you have a balance owing.