If you’ve got a great credit rating, we could offer you a good interest rate on your Gem Personal Loan.
Fees & charges
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.
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
- Check your eligibility and complete your application
- Provide any required documents such as payslips and identification
- Securely accept your contract online
- Within 24 hours of your contract acceptance the money will be in your account
- 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?
Can you pay my debts directly to my existing credit card/loan supplier, or would you give me the cash to pay them off?
What is a debt consolidation loan?
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?
Application and approval
What is a stable income?
What do I need to include as my liabilities/total amount borrowed?
- 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?
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?
Fees, charges and interest
What will my interest rate be?
Can I change my direct debit payment?
Can I repay my loan early or make lump sum payments?
*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).