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Low Rate Card

Pay it faster,
save interest

At Gem, we give you the flexibility to repay your loan as quickly as possible, so you can save on interest. For example, le's see how you could save up to $1,500 in interest, just by paying an extra $50 each month. #Repay faster, save money, and get on with the good stuff.

*Example based on a $20,000 loan over 7 years at 10.99% p.a. (fixed for the life of the loan) by paying an additional $50 per month over the term of the loan. Actual interest savings vary depending on the amount, term and interest rate applicable to your loan.
Check your rate

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

Get started
This won't affect your Credit Score

Let better money habits help you save

Let's say you have a $20,000 loan over 7 years with an interest rate of 10.99% p.a.^ Let's also say you pay super-fast on that loan. Now, compare the total interest saved and smile.

Total costs

Interest savings

Loan term

Pay it faster by $50 per month



5 years 9 mths

5 yrs 9 mths

Pay it faster by $25 per month



6 years 4 months

6 yrs 4 mths

Normal repayment schedule



7 years

7 yrs

Interest savings and loan term reductions are an estimate only based on the increased monthly payments displayed.


Fixed Rate^
Fixed Rate^

Fees & charges

Establishment Fee$240

NZ Postshop
Payment Handling Fee
$1.50 per payment

Late Payment Fee$45 if you don’t make the minimum repayment by your agreed 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

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
    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


You must:
  • Be 18 years or over
  • Be a permanent NZ resident, or hold a work permit/visa allowing you to reside in New Zealand
  • Be earning a stable income

Frequently asked questions

Would I be locked into paying more each month?

Absolutely not. You can revert to your minimum repayment at any time.

What if I only want to pay extra occasionally?

At Gem, we offer a range of flexible payment options. So, if you'd like to pick and choose when you pay extra, you can do so - just give us a call on 0800 422 898 to find out more.

What if I repay my loan super fast?

That's ok too, as we don't charge any early repayment fees.

Have a personal loan with us?

You can pay faster too. Simply give us a call to find out more.

Important information

^Gem Personal Loan
Gem Personal Loan rates range from 10.99% to 25.99% fixed p.a. for unsecured personal loans and from 8.99% to 28.99% 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 15.99% p.a. (fixed for the life of the loan) would equate to a total repayment amount of $25,613 approximately (including a $240 establishment fee).