Buy Now, Pay Later

When you set up a Zip Money account with Arctic Melbourne, you can pay for any of our products and services. This includes spare parts and general servicing, as well as large scale air

Zip Money is a reusable account that lets you buy now and pay later. Shop up to your account limit, then set flexible repayments to suit your lifestyle. There’s no deposit and every purchase through Arctic Melbourne comes with 12 month interest free terms.

Apply and get a decision in minutes. Once approved, Arctic Melbourne can start work on your job. That’s it – no deposit and nothing to pay today. Simply pay over time with great interest free terms on every purchase.

Repayments start from just $40 a month and are based on your account’s credit limit. Simply choose from weekly, fortnightly or monthly, and pay any amount you like as long as you meet the monthly minimum for your account (this can be quoted for you by Arctic Melbourne).

Every Zip Money purchase through Arctic Melbourne comes with a 12 month interest free period. Pay off your purchase within this period and you won’t pay any interest! After this period, a standard interest rate of 19.9% will apply to any remaining balance.

You can also make additional payments at any time, and there are no penalties for paying off your purchase early. Finally, if there’s nothing owing on your account, there’s nothing to pay and no fees. Your account simply remains active until you’re ready to make a new purchase.

To be eligible to apply for a Zip Money account through Arctic Melbourne, you need to:

• Be an Australian citizen or permanent resident
• Be at least 18 years of age
• Be employed in some capacity, earning more than $300 per week
• Have not declared bankruptcy or insolvency
• Be a home owner or buyer

Zip Money will then apply it’s lending criteria to each application.

Every Zip Money purchase comes through Arctic Melbourne with a 12 month interest free period. After the interest free period, a standard interest rate of 19.9% p.a. applies.

There will be a one off establishment fee of $99, which will be added to your balance so there’s nothing to pay upfront. There’s a $6.00 monthly account fee, which is waived if your closing balance is paid by the due date. No balance, no fee.

Finally, you may be charged a $15 late payment fee if you don’t meet the monthly minimum, and a $5 bank dishonour fee if your scheduled payment was rejected or dishonoured by your bank. That’s it.