Payment Plans
Start studying straight away and pay over time. Here's a quick comparison, with full details for each option below.
| Option | Limit | Interest | How to apply |
|---|---|---|---|
| Afterpay | Up to $4,000 | Interest free | At checkout |
| Zip | Up to $1,000 (Zip Pay) to $20,000 (Zip Plus) | Depends on account | At checkout |
| Klarna | Set by Klarna | Interest free | At checkout |
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AFTERPAY
Pay in 4 interest-free instalments over 6 weeks.
- How it works: Pay your first instalment at the time of purchase, and the remainder every two weeks. Find your payment schedule in the Afterpay app, and Afterpay will send you regular reminders.
- Limit: Maximum $4,000. When you first sign up, your starting limit typically defaults to $600. Over time, as you build a reliable history of on-time payments, Afterpay automatically scales this up to a hard cap of $4,000 for highly trusted accounts. Individual retail merchants often cap single Afterpay transactions between $1,500 and $3,000.
- Interest & fees: Interest free. No fees when you pay on time; the only fees are for late payments.
- How to apply: Choose Afterpay at checkout, create your account and complete your purchase. You'll get an approval decision within seconds.
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ZIP
Buy now, pay later with flexible repayments.
- How it works: Choose weekly, fortnightly or monthly repayments. Add your Zip card to Apple Pay or Google Pay to shop everywhere Visa is accepted.
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Limit:
- Zip Pay: up to $1,000
- Zip Plus: $2,000 to $20,000
- Zip Money: $1,000 to $5,000 standard (and up to $50,000 through specific partner merchants)
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Interest & fees:
- Zip Pay: always interest free
- Zip Plus: 0% interest if the balance is $1,000 or less; 13.70% p.a. on the portion over $1,000
- Zip Money: extended interest-free periods
- $9.95 monthly fee, waived if you have no balance. Other fees may apply, see Zip's terms.
- How to apply: Choose Zip at checkout, give a few details and be approved in minutes.
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KLARNA
Pay in 4 interest-free instalments over 6 weeks.
- How it works: Pay with your own debit or credit card in four instalments.
- Limit: Your spending limit is set by Klarna and can increase over time as you make on-time payments.
- Interest & fees: No interest, and no fees when you pay on time. Late fees may apply if an instalment is missed. See Klarna's terms for current fees.
- How to apply: Choose Klarna at checkout and follow the steps.