Improvements can be hard, sorting your loan isn’t
Got 10 minutes? That’s all it takes to apply for a Gem Home Renovation Loan with our simple online application.
Pay it off faster
Get your loan paid off even faster by making extra repayments whenever you like - no penalties or extra charges1.
Fixed interest rate
You’ll get a Fixed interest rate and set repayments, so you know how much you’re paying each time. Easy.
Choose to pay weekly, fortnightly, or monthly – whatever works in with your budget.
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|
Go from planning to doing 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
You can use a Gem Personal Loan for home improvements and most other purposes. This could be anything from a holiday, education expenses, car purchase or repairs, travel, unexpected bills, debt consolidation or even a wedding. If you have something in mind, give us a call on 0800 422 898 to discuss a solution that suits you.
You can borrow a minimum amount of $3,000.
The minimum term for your Loan is 6 months, with a maximum of seven years, depending on the amount you wish to borrow.
Yes, if you provide your email address during your loan application, you can choose to receive and accept your loan contract online.
Application and approval
You can apply for a loan online through our online application form or you can give us a call on 0800 422 898 to discuss a solution that suits you.
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).
You may be eligible for an additional personal loan. Give us a call on 0800 422 898 to discuss a solution that suits you.
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.
Great news! No you won't pay any early repayment fees if you decide to repay your loan in full early, i.e. prior to the expiry of the original loan term. For more details please refer to our ‘Interest rates & fees section' on any personal loan webpage.