Interest Free terms & conditions
Our Interest Free Payment Plans explained
- A minimum payment is required each month for the duration of the plan
- Paying only the minimum payment will not pay off the balance in full before the expiry of the plan
- Get 6 months interest free for Visa purchases $250 or more*
- Longer terms often available - check in store for their current offer* View terms and conditions
- Equal payments (instalment) to be paid each month for the duration of the plan
- Paying the instalment payment each month on time will pay off the balance within the interest free period
- Plans vary and are only available at selected retailers, during special promotional periods* View terms and conditions
- No minimum payments required during the duration of the plan
- You are welcome to make voluntary payments any time before the end of the plan
- Never pay a cent of interest on your purchase, provided you pay the balance on time and in full before the end of the plan
- There are a range of plans available - please check in store for the finance terms they offer* View terms and conditions
INTEREST FREE
Minimum and maximum purchase amounts may apply. Minimum monthly repayments required. Paying only the minimum monthly repayment of 3% of the outstanding monthly balance or $20 (whichever is more), will not be sufficient to repay the purchase amount(s) within the interest free term. Amount payable will be shown on your monthly statement.
Lending criteria, T&Cs & fees apply incl. $55 estb. fee & $65 annual fee ($32.50 half-yearly). Interest 29.49% p.a. (subject to change) applies after this interest free term ends, and after any interest free term on other purchases. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.
Note: Effective from 23 September 2026, the interest rate will increase to 29.95% p.a.
INSTALMENT INTEREST FREE
Approved customers only. Stated plan term of Instalment Interest Free with Gem Visa / Gem CreditLine cards as an Instalment Plan Advance / CreditLine Select advance. Amount payable will be shown on your monthly statement. Minimum and maximum purchase amounts may apply.
Lending criteria, T&Cs & fees apply incl. $55 estb. fee & $65 annual fee ($32.50 half-yearly). Interest 29.49% p.a. (subject to change) applies after this interest free term ends, and after any interest free term on other purchases. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.
Note: Effective from 23 September 2026, the interest rate will increase to 29.95% p.a.
INSTALMENT INTEREST FREE PLAN – PLAN TERM OF LESS THAN 36 MONTHS ONLY
Approved customers only. Plan terms of less than 36 months of Instalment Interest Free with Gem Visa or Gem CreditLine as an Instalment Plan Advance/CreditLine Select Advance. Amount payable will be shown on your monthly statement. Minimum and maximum purchase amounts may apply. As the Instalment Interest Free plan is for a term less than 36 months, the minimum monthly payment under this plan is greater than the usual interest free repayment for the same term. Please refer to your Gem Visa or Gem CreditLine Conditions of Use in regard to the payment allocation for this plan.
If you don’t make your minimum monthly payment as provided in your statement, for two consecutive months, you agree that all Instalment Interest Free plans with a term less than 36 months will change to an Interest Free plan for the remainder of the original plan’s term.
Lending criteria, T&Cs & fees apply incl. $55 estb. fee & $65 annual fee ($32.50 half-yearly). Interest 29.49% p.a. (subject to change) applies after this interest free term ends, and after any interest free term on other purchases. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.
Note: Effective from 23 September 2026, the interest rate will increase to 29.95% p.a.
INTEREST FREE DEFERRED
Interest free with no repayments during the stated period. Minimum and maximum purchase amounts may apply. Repayment for your purchase will be deferred for the stated period. During this period, no interest will accrue and no monthly repayments need to be made. If you do not pay the outstanding balance in full before the end of the deferred payment period, the amount payable will accrue interest and will be included in your monthly statement. Paying only the minimum monthly repayment of 3% of the outstanding monthly balance or $20, whichever is more, will not be sufficient to repay the purchase amount(s) within the interest free period.
Lending criteria, T&Cs & fees apply incl. $55 estb. fee & $65 annual fee ($32.50 half-yearly). Interest 29.49% p.a. (subject to change) applies after this interest free term ends, and after any interest free term on other purchases. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.
Note: Effective from 23 September 2026, the interest rate will increase to 29.95% p.a.
Important information
* Long term interest free offers may vary. Available at participating retailers to approved customers only. Lending criteria, T&Cs & fees apply incl. $55 estb. fee & $65 annual fee ($32.50 half-yearly). Interest 29.49% p.a. (subject to change) applies after this interest free term ends, and after any interest free term on other purchases. Paying only the minimum monthly repayment of 3% of the outstanding balance or $20 (whichever is more), will not be sufficient to repay the purchase amount(s) within the interest free term. Amount payable will be shown on your monthly statement. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.
Note: Effective from 23 September 2026, the interest rate will increase to 29.95% p.a.
SECURITY
If there's a fraudulent transaction on your Gem Visa, you will not be held liable if you:
- have not contributed to the loss
- notified us promptly of the theft, loss or misuse
- have followed the Gem Visa Conditions of Use