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Personal Loan

With Gem’s everyday Great Rates you can work a personal loan to your advantage. Plus, you can pay your loan off faster to save on interest, with no early repayment fees. Check your rate in just 3 minutes online – why not do it right now?

*Rates tailored to you from 8.99% to 22.99% p.a. fixed for loan term. Credit and lending criteria, and fees apply including a $240 establishment fee.
Check your rate

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

$
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This won't affect your Credit Score

Rates

secured
Fixed Rate^
6.99
%
p.a.
^
to
18.99
%
p.a.
^
unsecured
Fixed Rate^
8.99
%
p.a.
^
to
22.99
%
p.a.
^

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 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.

Flexible options

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.

Download and be up to date

Our Latitude App is a great way to keep track of your personal loan. It's easy to check your balance, loan terms, interest rate and more.

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

Eligibility

You must:
  • 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

Important information

^Gem Personal Loan
Gem Personal Loan rates range from 8.99% to 22.99% fixed p.a. for unsecured personal loans and from 6.99% to 18.99% 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 8.99% p.a. (fixed for the life of the loan) would equate to a total repayment amount of $22,933.80 (including a $240 establishment fee).