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Debt Consolidation Loan

Destress your mind by streamlining your debts into one easy-to-manage payment.

Check your rate

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

Additional payout fees may apply

Get started
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 check your interest rate before you apply. 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!

Other InformationInterest rates depend on your personal circumstances and are fixed for the life of the loan

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 interest rate online in 3 minutes without impacting your credit score
  2. Check your eligibility and complete your application
  3. Provide any required documents such as payslips and identification
  4. Securely accept your loan contract online
  5. 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, or hold a work permit/visa allowing you to reside in New Zealand
  • Be earning a stable income

Frequently asked questions

About my Gem Personal Loan
Application and approval
Fees, charges and interest

Important information

^Gem Personal Loan
Gem Personal Loan rates range from 10.99% to 25.99% fixed p.a. for unsecured personal loans and from 8.99% to 24.99% fixed p.a. for secured personal loans. Your interest rate depends on your personal circumstances. The interest rate and repayment amounts remain fixed 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. Credit and lending criteria, and fees apply including a $240 establishment fee. Credit provided by Latitude Financial Services Limited.

Example: An unsecured Gem Personal Loan of $20,000 borrowed for three years with an interest rate of 10.99% p.a. (fixed for the life of the loan) would equate to a total repayment amount of $23,895 (including a $240 establishment fee).