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
Interest rates and fees
We tailor our interest rates based on your personal circumstances, for a smart rate with Gem
Fixed rate from
*Important info: The interest rate that applies will vary depending on a number of factors, including the amount borrowed, credit rating and security offered. Interest rates range from 12.99% p.a. to 29.99% p.a. depending on your personal circumstances. The interest rate and repayment amount remain the same for the term of the loan.
|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
Get ready to go car shopping, in 3 steps
Work out where you’re at with our calculators, how much you’d like to borrow and what your repayments are likely to be.
Complete our online application form – it’s quick and easy, with a real time decision so you know next steps.
Once we’ve got all the info we need, we’ll come back to you within 24 hours.
Cover yourself with Repayment Protection Insurance
Can I apply:
- 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
Frequently asked questions
Our car loans cover most makes and models of new and pre-owned cars. Give us a call on 0800 555 533 for more information.
You may be able to use security to get a better interest rate or increase the amount of your loan. Most Gem Car Loans require vehicle security with a minimum $5,000 in value. Give us a call on 0800 555 533 to discuss your options.
We require that the vehicle be comprehensively insured during the term of the loan agreement.
You can borrow a minimum amount of $3,000, where the vehicle security value is at least $5,000.
Application and approval
You can apply for a loan online through our online application form or you can give us a call on 0800 555 533 to discuss a solution that suits you.
The minimum term for your Loan is 6 months, with a maximum of seven years, depending on the amount you wish to borrow.
Once your loan is approved and signed, your funds are usually available the next day or no more than two working days (depending on your circumstances).
Fees, charges and interest
You pay a one-off application fee of $240. For more details on the fees and charges, you can view the fees tables.
Interest is calculated daily and charged to your account on a monthly basis.
You can choose to set up your repayments weekly, fortnightly or monthly - whichever suits you and you can make additional payments at any time.