Home renovation loans

From knocking down walls to building your dream kitchen, our home renovation loan could just be what you need to bring your grand designs to life.

Apply now for a home renovation loan
Calculate your likely repayments

Improvements can be hard, sorting your loan isn’t.

Apply online

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.

Flexible repayments

Choose to pay weekly, fortnightly, or monthly – whatever works in with your budget.

Talk to a specialist, call us on 0800 422 898
Mon - Fri 8am-7pm, Weekends 8:30am-5pm

Apply online for a home renovation loan

Interest rates and fees

Interest Rates

Fixed rate from

15.99 % pa*
to
29.99 % pa*

*Important info: The interest rate will vary depending on a number of factors, including the amount borrowed, term of loan, credit rating and security offered. Interest rates range from 15.99% to 29.99%. The interest rate and repayment amount remain the same for the term of the loan.

Fees

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

My budget

Work out where you are with your finances – and how much you may like to borrow.

Calculate now

My loan Repayments

How much are you thinking of borrowing? Let us know and we’ll tell you what your repayments could be.

Calculate now

Go from planning to doing in 3 steps

1

Calculate

Work out where you’re at with our calculators, how much you’d like to borrow and what your repayments are likely to be.

2

Apply online

Complete our online application form – it’s quick and easy, with a real time decision so you know next steps.

3

Sit tight

Once we’ve got all the info we need, we’ll come back to you within 24 hours.

Cover yourself with Repayment Protection Insurance

You never know what’s going to happen further down the track, so it’s smart to take out insurance to guard yourself against the unexpected.

Can I apply:

Are you:
  • 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

Talk to a specialist, call us on 0800 422 898
Mon - Fri 8am-7pm, Weekends 8:30am-5pm

Apply online for a home renovation loan

Frequently asked questions

Personal Debt

Application and approval

Fees, charges and interest

Things you should know

* The interest rate will vary depending on a number of factors including the amount borrowed, term of loan, credit rating and security offered. Interest rates range from 15.99% p.a. to 29.99% p.a. on 6 month to 7 year repayment terms. The interest rate and repayment amount remain the same for the term of the loan, and no early repayment fees apply.

Example: A Gem Personal Loan of $15,000 borrowed for 3 years with a minimum interest rate of 15.99% p.a. would equate to a total amount payable of $19,212 (including a $240 establishment fee).

1 You can make lump sum repayments at any time.