How are Zip repayment made?

This will automatically come from your linked debit or credit card and run until your account balance is $0. You can change your repayment schedule at any time – choose from weekly, fortnightly or monthly payments. You can also set your own payment amount, as long as you cover the monthly minimum of $40 (or less if the amount you owe is under $40). If you don’t owe anything, of course, the scheduled payments won’t run.

Important: You can make additional payments at any time, and there are no early repayment penalties. Just be aware that additional payments won’t stop or replace your scheduled payments unless you manually change your payment schedule.

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Updated — Feb 20, 2019