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 car loan calculator to determine what your repayments may be on your new ride.
Car loan details
|Fixed rate||For the life of the loan|
|Loan amounts||From $6,000|
|Car age||Cars up to 20 years of age at start of loan|
|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
|Don’t want your loan secured against your car, or your car doesn’t meet the criteria? Check out our personal loans.|
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, we pay and you drive away
- Be 18 years or over
- Be a NZ resident
- Be earning a stable income
Frequently Asked Questions
About my Gem Car Loan
Application and approval
Fees, charges and interest
*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 Secured Car Loan of $20,000 borrowed for 3 years with a fixed interest rate of 9.99% p.a. would equate to a total amount payable of $23,550.12 (including a $240 establishment fee).