Personal loans

If you’ve got a great credit rating, we could offer you a good interest rate on your Gem Personal Loan.


fixed p.a.
fixed p.a.
Rates range from 12.99% - 24.99% fixed p.a. depending on your personal circumstances
Download Terms & Conditions

Fees & charges

Establishment Fee $240
NZ Postshop
Payment Handling Fee
Late Payment Fee $35 in the event that you can't make the minimum repayment by your agreed due date
Early Termination Fee No early repayment fee, so you can pay your loan off sooner at no extra charge!

Calculate your repayments

Use our handy personal loan calculator to determine what your repayments may be.

Calculate repayments

Personal loan details

Fixed rate For the life of the loan
Loan amounts From $2,000
Repayments Weekly, fortnightly or monthly
Loan terms 6 months - 7 years
No early repayment fees Pay your loan off sooner, at no extra charge!
Peace of mind For added peace of mind, our optional Repayment Protection Insurance is available for when you need it most

Pay It Faster

Want to save on your interest? No problem — you can pay extra when you want to get ahead of the game.

How to apply

  1. Check your eligibility and complete your application
  2. Provide any required documents such as payslips and identification
  3. Securely accept your contract online
  4. Within 24 hours of your contract acceptance the money will be in your account


You must:

  • Be 18 years or over
  • Be a NZ resident
  • Be earning a stable income

Frequently Asked Questions

About my Gem Personal Loan

How much can I borrow?
The minimum amount you can borrow for a Gem Personal Loan is $2,000. The maximum amount is dependent on your circumstances and current financial situation.
Can you pay my debts directly to my existing credit card/loan supplier, or would you give me the cash to pay them off?
Yes, we can pay off the debts directly. In some scenarios, we could also give the money to you to pay off debts.
What is a debt consolidation loan?
Debt consolidation simply means getting one loan to pay off several others. This means you’d only have one easy to manage payment to take care of.
Apply now to take control of your finances, or give us a call on 0800 222 507 if you would like to understand more about how debt consolidation can work for you.
How long until I receive my funds?
Once your application has been approved and if you read and accept the contract online before 6:30pm on a business day, we will make the payment that same day. You should see the money in your account the next business day (depending on your terms with your bank).

Application and approval

What is a stable income?
Income that is consistent, and has not varied significantly for at least 12 months. This is to ensure that you are able to meet your obligations.
What do I need to include as my liabilities/total amount borrowed?
You must show all liabilities you have. This will include any obligations, responsibilities or debt you may have.  Some common examples of these include:

  • Credit cards/store cards (total credit limit and current balance owing/amount used)
  • Mortgage (total amount borrowed on mortgage including any top ups. Current balance owing and your share of repayments if joint mortgage)
  • Car loans and other vehicle loans
  • Hire purchases
  • Other loans – including being a guarantor
  • Overdraft (limit and current balance owing).

What is the difference between secured and unsecured personal loans?
An unsecured loan is a personal loan with no security attached.
A secured personal loan is one that is protected by an asset, normally your car, that is used as collateral to get the loan. This means that if you default on the loan, we can repossess and sell the asset (e.g. your car) to recover the debt. However, this is the last action we might take. At Gem, we will work with you to try to avoid that situation.
Do I need to provide security?
Whether you need to provide security or not will vary depending on your personal circumstances and the loan amount you have applied for.

Fees, charges and interest

What will my interest rate be?
We offer competitive rates from 12.99% p.a. to 24.99% p.a. for personal loans and 9.99% p.a. to 19.99% p.a. for secured car loans. Your personalised interest rate depends on several factors, such as your personal circumstances, credit history with us or others, the security you can provide and the loan amount. Your situation is unique, so your interest rate will be too. To find out your interest rate please complete an application by clicking here or call 0800 222 507.
Can I change my direct debit payment?
Sure thing, so long as you meet the minimum monthly repayment amount to keep you on schedule, you can alter your direct debit with no extra fees or charges. Simply give us a call on 0800 222 507.
Can I repay my loan early or make lump sum payments?
Yes, you can make additional repayments at any time. You can even repay your loan early with no added costs or fees – we’ll never charge you for making extra payments.
Useful forms
To help you manage your account, here are some useful forms:

You can return them using our secure upload portal

Important information

*Your interest rate depends on the amount borrowed, your personal circumstances and credit history. The interest rate and repayment amount remain the same for the life of the loan with no early repayment fee.

Credit, lending criteria and fees apply, including a $240 establishment fee.

Example: A Gem Personal Loan of $20,000 borrowed for 3 years with a fixed interest rate of 12.99% p.a. would equate to a total amount payable of $24,591.60 (including a $240 establishment fee).