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Interest Free Payment Plans

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interest rate could be with our calculator


Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Interest Free Payment Plans

Today, more and more retailers both online and in physical stores are offering interest-free payment plans through a credit card or financing company. There are many different interest free payment financing options available and they offer benefits to both customers and businesses.

What are interest free payment plans?

Interest-free payment plans allow customers to make a purchase and pay it back in instalments, with no interest to pay for a specified period of time. You can apply for this kind of financing either in-store or online just before you make your purchase. Interest free payment plans will vary between loan companies, so make sure you read the terms carefully before making your purchase. To be eligible to shop interest free, you’ll need to meet the repayment requirements. For example, you may need to meet minimum monthly repayments and once the interest free period ends, you’ll then be charged interest on the outstanding balance. If you don’t meet the requirements, as well as interest, you may also be charged additional fees depending on the terms and conditions of the specific arrangement. You may also need to spend a minimum amount of money before you are eligible for the offer.

Interest-free payment plans can also have other associated fees such as establishment fees, account keeping fees, annual fees and late payment fees. As with other loans, it’s important to make sure you know exactly what the terms and conditions are before you sign up to avoid any unexpected charges. You’ll also need to keep track of time if you want to pay back the full purchase price within the interest-free period.

What are the benefits of interest free payment plans?

One of the benefits to customers of interest free payment plans is that they will be able to buy items and start using them now even if they don’t have the money to pay for the whole purchase upfront, and it can be quicker and easier than taking out cash loans. Interest free payment plans can really help when you are buying big-ticket items such as TVs, fridges, furniture or expensive jewellery, especially if you know you can pay off the debt within the interest free period. 

MoneyMe offers the lower rate Freestyle virtual Mastercard® that works like a credit card and provides you with a line of credit up to $20,000 once approved. It allows you to buy now and pay later with up to 55 days interest-free on purchases. You can apply for your Freestyle virtual Mastercard® and receive approval in just minutes, all via your mobile phone. We offer flexible and affordable no interest finance for a certain time period, and all our fees will be specified upfront. It’s quick and easy to set up, and with the MoneyMe app you can conveniently manage your repayments, credit limit and more.

How can businesses apply for merchant payment plans for customers?

If you run a business, offering interest free payment plans for purchases can help you convert more customers, increase sales and keep your shoppers happy by giving them an easy finance option they can rely on. It gives your customers the power to purchase more today and repay the costs over time. If you are looking for a merchant payment solution for your business, MoneyMe+ can be a great way to grow your sales and increase customer loyalty. We can also help give your business more exposure by getting your brand in front of our database of more than half a million customers. Aside from featuring you in all relevant eDMS to our 500,000+ database, we’ll also promote your business in our Store Directory that has 1m+ unique viewers annually.  

If you’d like to become a MoneyMe+ merchant, you'll need an Australian bank account, a valid Australian Business Number (ABN) and sell goods and services over $1,000. With our business payment solution there are no setup costs, no lock-in contract and no integration costs. We do charge a low merchant fee that we’ll take off the purchase price before we send the payments to your account.  

To get started, fill out the sign up form online (click on the “merchant sign up” button) and one of our friendly team members will be in touch. You’ll then be able to set up your account and will get access to our online platform. We’ll also send you marketing collateral to use in-store and digital web assets to use online so you can promote MoneyMe+ to your customers. 

This is how it works: each time your customer wants to use MoneyMe+ to purchase goods from your store, you’ll simply need to login to our partner portal and enter some basic customer details along with the price of purchase. Your customer will then get an SMS providing them with a link to set up their MoneyMe+ account and complete their purchase. Once your customer has completed their purchase we’ll send you the funds (the purchase price less the merchant fee) which should appear in your account in a matter of minutes. The whole process should only take a couple of minutes. If you sign up for MoneyMe+, you’ll be joining a large group of happy businesses across a range of industries from retail and entertainment to health and education and many more. 

Get in touch with us if you’d like to learn how MoneyMe’s interest free financing can benefit you. By offering the Freestyle virtual Mastercard® to a range of personal loans including last minute loans and fast loans, MoneyMe has helped thousands of consumers and businesses with their financing needs. 

Our customers

Interest Free Payment Plans

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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Won't impact your credit score!

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