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 Repayment Fee||No early repayment fee, so you can pay your loan off sooner at no extra charge!|
Calculate your repayments
Interest rate p.a.^
Your estimated monthly repayment including establishment fee
Total interest paid
Total amount paid
0 mths, 0 yrs
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The repayment amount shown using this calculator is an estimate only. The results from this calculator should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. This calculator should only be used as a guide to see how personal loan repayments can vary when you change the loan amount, interest rate, and loan term. The interest saved and time saved is an estimate only and is based on paying the extra monthly amount for the full term.
Why choose a Gem loan?
Tailored to you
When it comes to a personal loan, we work out your loan rate by looking at things like your credit history, how much you want to borrow and your current needs, then tailoring it to you.
At Gem you can choose to pay weekly, fortnightly or monthly. Plus, there's no early repayment fee so you can make extra repayments whenever you like and pay your loan off sooner.
Let’s talk loan details
|Fixed rate||For the life of the loan|
|Loan amounts||From $2,000|
|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|
How to apply
- Check your eligibility and complete your application
- Provide any required documents such as payslips and identification
- Securely accept your contract online
- Within 24 hours of your contract acceptance the money should be in your account
- Be 18 years or over
- Be a permanent NZ resident
- Be earning a stable income
Frequently asked questions
About my Gem Personal Loan
Application and approval
Fees, charges and interest
^Rates range from 12.99% to 24.99% fixed p.a. for unsecured loans. Low Rate Personal Loan 9.99% fixed p.a for secured loans, minimum loan amount of $20,000 and special qualifying criteria apply. Gem Car Loan rates range from 9.99% p.a. to 19.99% fixed p.a. for secured loans. Your interest rate depends on the amount borrowed, your personal circumstances and credit history. The interest rate and repayment amount remain the same for the life of the loan with no early repayment fee.
Credit and lending criteria, and fees apply including a $240 establishment fee.
Example: A Gem Personal Loan of $20,000 borrowed for 3 years with a fixed interest rate of 12.99% p.a. would equate to a total amount payable of $24,591.60 (including a $240 establishment fee).