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
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Why choose a Gem loan?
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).