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!|
Better interest rates are just the beginning
Pay it faster and save
You could save on interest by paying off more each month with our 'Pay It Faster' option.
Calculate your repayments
For how many years?
How often do you want to pay?
Total interest payable
Total loan amount
New secured personal loans from $20,000
|Fixed rate||For the life of the loan|
|Loan amounts||From $20,000|
|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|
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 required documents such as your payslips and identification documents
- Securely accept your contract online
- Within 24 hours of your contract acceptance the money will be in your account
- Have an excellent credit history^
- Be 18 years or over
- Be a permanent NZ resident
- Be earning a stable income
- Take out a new loan of $20,000 or more
- Provide at least $2,000 security*
Frequently asked questions
About my Gem Personal Loan
Application and approval
Fees, charges and interest
#Low Rate Personal Loans
9.99% fixed p.a for secured loans, minimum loan amount of $20,000 and special qualifying criteria apply, including an excellent 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 & fees including a $240 establishment fee apply.
Example: A Gem Low Rate Personal 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).
Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.