Car loans

Get yourself into gear and get the car, motorbike, caravan or boat you really want with a personal loan from Gem.

Apply now for a car loan
Calculate your likely repayments

Now you can stop kicking tyres.

Apply in 10 minutes

If you’ve got 10 minutes, you’ve got time to apply for a loan with our simple online application.

You choose the terms

Get a lower rate by using your new car as security or keep things simple with an unsecured loan – up to you.

Ready, set, go!

Go car shopping with a clear idea of what you’ve got to spend – and negotiate the best deal possible

Pay it off faster

Make extra payments whenever you like, with no penalties or charges.1

Talk to a specialist, call us on 0800 422 898
Mon - Fri 8am-7pm, Weekends 8:30am-5pm

Apply online for a car loan

Interest rates and fees

Interest Rates

Fixed rate from

12.99 % pa*
to
29.99 % pa*

*Important info: The interest rate will vary depending on a number of factors, including the amount borrowed, term of loan, credit rating and security offered. Interest rates range from 12.99% to 29.99%. The interest rate and repayment amount remain the same for the term of the loan.

Fees

Loan establishment fee$240 (one-off payment that can be added to your loan)
Payment handling fee$1.50 for PostShop over-the-counter payment
Late fee$35 in the event that you don’t make the minimum repayment by your agreed due date

I’d like to calculate

My repayments

Big, small, new, old, cool or… not-so-cool. Tell us about the car you’ve got your eye on, and we’ll let you know what your repayments could be.

Calculate now

My budget

Give us some info about what you earn and what you spend, to figure out how much you’d like to borrow.

Start planning

Get ready to go car shopping, in 3 steps.

1

Calculate

Work out where you’re at with our calculators, how much you’d like to borrow and what your repayments are likely to be.

2

Apply online

Complete our online application form – it’s quick and easy, with a real time decision so you know next steps.

3

Sit tight

Once we’ve got all the info we need, we’ll come back to you within 24 hours.

Cover yourself with Repayment Protection Insurance

You never know what’s going to happen further down the track, so it’s smart to take out insurance to guard yourself against the unexpected.

Can I apply:

Are you:
  • At least 18 years old
  • A permanent resident of New Zealand
  • Earning a stable income
Have these documents handy:
  • Your New Zealand driver’s license, passport or firearms license
  • Proof of your employment and income
  • Details of any amounts owing, including other loans, credit/store cards and overdrafts
  • Details of your rent and/or mortgage payments
  • Proof of address
  • Your email address

Talk to a specialist, call us on 0800 422 898
Mon - Fri 8am-7pm, Weekends 8:30am-5pm

Apply online for a car loan

Frequently asked questions

Car loans

Application and approval

Fees, charges and interest

Things you should know

* The interest rate will vary depending on a number of factors including the amount borrowed, term of loan, credit rating and security offered. Interest rates range from 12.99% to 29.99%. The interest rate and repayment amount remain the same for the term of the loan.

1 You can make lump sum repayments at any time.