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Debt Consolidation Loan

That’s better. Streamline your debts into one easy-to-manage payment with a debt consolidation loan from Gem, leaving you feeling more in control.

Check your rate

We’ll ask you a few quick questions about your circumstances to give you a personalised interest rate and repayment amount.

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This won't affect your Credit Score

How the debt consolidation
process works

  1. Let’s work out your debt
    This could include multiple credit cards and loans with other providers.
  2. Let’s apply
    Our application process is simple, and you can start right here Let's get started!
  3. Let’s handle your payments directly
    If approved, we can get rid of the hassle and do all the hard work for you by:
    • Organising the consolidation of your debts
    • Paying your nominated credit providers directly
  4. Start making just one payment for all your debts
    Gem can do all the organising to consolidate your debts, so you can breathe easier, take a break, and take control. All you need to do is pay down your loan, one easy-to-manage payment at a time. Now that’s better.


Fixed Rate
Fixed Rate

Fees & charges

Establishment Fee$240

NZ Postshop
Payment Handling Fee
$1.50 per payment

Late Payment Fee$35 if you don't make the minimum repayment by your agreed due date

Early Repayment FeeNo early repayment fee, so you can pay your loan off sooner at no extra charge!

Personal loan
repayment calculator

What will my repayments be?

Let's calculate

Why debt consolidation?

One easy-to-manage payment

There’s no need to manage multiple credit card balances or loans from multiple providers. One easy-to-manage payment comes straight out of your account.

Flexible repayments

You choose your payment schedule, whether it’s weekly, fortnightly or monthly. Plus, you can make extra repayments to pay down your loan faster.

Extra help

We’re here to provide that extra help when you really need it, so you can manage your finances in a way that suits you. Just call us on 0800 422 898.

Let’s talk loan details

Fixed rateFor the life of the loan
Loan amountsFrom $2,000
RepaymentsWeekly, fortnightly, or monthly
Loan terms6 months - 7 years
No early repayment feesPay your loan off sooner, at no extra charge!
Establishment fee$240

How to apply

  1. Check your eligibility and complete your application
  2. Provide any required documents such as payslips and identification
  3. Securely accept your contract online
  4. Within 24 hours of your contract acceptance the money should be in your account


You must:
  • Be 18 years or over
  • Be a permanent NZ resident
  • Be earning a stable income

Important information

^Rates range from 8.99% to 22.99% fixed p.a. for unsecured personal loans and from 6.99% to 18.99% fixed p.a. for secured personal loans. Your interest rate depends on your personal circumstances and credit history. The interest rate and repayment amount remain the same for the life of the loan. And if you choose to pay your loan off sooner, we will not charge you an early repayment fee. You can also make lump sum repayments at any time with no penalty.

Credit and lending criteria, and fees apply including a $240 establishment fee.

Example: An unsecured Gem Personal Loan of $20,000 borrowed for three years with an interest rate of 8.99% fixed p.a. would equate to a total repayment amount of $22,933.80 (including a $240 establishment fee).