Gem Personal Loans

Apply for a personal loan at Gem and benefit from a personalised interest rate and your choice of loan terms that range from six months to seven years.

Last updated:

You can finance anything from a home renovation through to a car purchase with a loan from Gem. You can even borrow to pay off existing debts or to pay travel expenses. Gem offers loans from $2,000 and up.

Gem loans feature fixed interest rates so you know what your repayments will be for the life of your loan. The company, formerly known as GE Money, also offers a choice of weekly, fortnightly or monthly repayments.

Finder NZ does not currently have access to this personal loan. Please review the loan details, application criteria and terms and conditions on the lender website if you are considering applying for this loan.

Types of personal loans from Gem

These are the main types of personal loans you can apply for at Gem:

  • Unsecured personal loan. Gem offers unsecured loans from as little as $2,000. Gem will set your interest rate according to your credit history, your loan amount and your ability to repay. Most applicants will get a decision the same day.
  • Secured personal loan. As an alternative to an unsecured personal loan, you can get a loan secured by a personal asset. A secured loan may offer better lending terms, and Gem may apply less strict criteria when considering your creditworthiness.
  • Car loan. You can borrow a lump sum to buy a new car. Just apply for a personal loan from Gem as usual and specify that you are applying for a loan to buy a car. Gem offers loans that you can repay over a term of up to 84 months.
  • Debt consolidation. If you are currently repaying a loan or any number of loans at a higher interest rate, Gem may be able to offer you a debt consolidation loan with a lower interest rate, saving you money in the long run.

Features of a Gem personal loan

Keep in mind the following features when you review the Gem personal loan:

  • Flexible repayments. Gem offers flexibility both in terms of payment frequency and the length of your loan. Loans can be as short as six months or as long as seven years. You can choose amongst weekly, fortnightly and monthly instalments to suit your budget.
  • Choice of secured or unsecured loans. You can borrow from Gem if you have no assets to offer as security, but you may be able to get better loan terms if you can pledge an asset as security for your loan.
  • Tailored interest rates. Gem can tailor the interest rate on your loan to your personal circumstances. If you are a low credit risk, you may get a lower rate.
  • Fixed repayments. Your loan agreement features a fixed interest rate, so even if interest rates go up, your regular instalment will stay the same.

What other products does Gem offer?

Gem also offers the following personal financial products:

  • Credit cards. Enjoy an extended interest-free repayment period on select transactions and many other features and benefits with a Gem Visa credit card.
  • Insurance. Gem offers repayment protection insurance that can cover you if you are unable to repay your personal loan due to unexpected events.

How to apply for a personal loan from Gem

Though Gem offers a flexible personal loan that is suited to a range of requirements, you should always compare your other options before you apply. Once you’re ready to apply for the Gem personal loan, click the green “Go to Site” button to complete your application.

Eligibility requirements

  • Minimum age. You can apply if you are over 18 years in age.
  • Residency. You must be a permanent resident of New Zealand.
  • Income requirement. Gem does not require a minimum income level, but you must have a stable income.
  • Credit history. A credit record that shows that you reliably repay your debts will increase your chances of successfully applying.

Necessary documents and information

  • ID requirement. Applicants who are new to Gem need to supply a passport, driver’s licence or firearms license.
  • Evidence of income. You will need to provide a bank statement, a payslip or an individual tax return as evidence of your income.
  • Debts and outgoings. The application form will request details of your current debts and your regular expenses.

Compare alternative personal loans in New Zealand

Updated March 30th, 2020
Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Application Fee
Harmoney Unsecured Personal Loan
6.99% - 29.99%
$2,000
$50,000
Up to 60 months
N/A
$200-$450 depending on loan size
Apply for an unsecured personal loan up to $50,000 with no early repayment fees. Eligibility: Be a NZ resident/citizen and have a good credit score.
Pronto Secured Personal Loan
11.97% - 29.97%
$200
$20,000
Up to 60 months
N/A
N/A
Secured personal loans of up to $20,000 with approvals in under 10 minutes. Eligibility: Be an 18+ and a resident of New Zealand.
Nectar Personal Loan
8.95% - 29.95%
$1,000
$20,000
Up to 4 years
N/A
240
Unsecured loans from $1,000 with payouts made within one day of approval. Applications entirely online. Eligibility: Must be 18+, an NZ citizen or permanent resident, and have an income of $350 per week or more (after tax).
NZCU South Personal Loan (Unsecured)
10.90% – 28.90%
$2,000
$60,000
Up to 7 years
N/A
$250
An unsecured personal loan up to $60,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
Lending Crowd Personal Loan
6.49%-16.78%
$2,000
$200,000
3 or 5 years
N/A
$250-$1,450 depending on the amount borrowed
A secured personal loan from $2,000 to $200,000 with repayment instalment options. Eligibility: Be an 18+ NZ permanent resident, earn $30,000 or more, have a good credit history and collateral/security.
NZCU South Personal Loan (Secured)
8.90% - 27.90%
$2,000
$60,000
Up to 7 years
N/A
$250
A secured personal loan up to $60,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
Admiral Finance Secured Personal Loan
13.95% - 23.95%
$1,000
$50,000
Up to 60 months
N/A
$125-$595 depending on loan size
A secured loan from $1,000 to $50,000 with a quick online application process. Eligibility: Be an 18+ permanent NZ resident, have collateral/security, earn at least $450 per week.
QuickLoans Personal Loan
9.95% - 23.95%
$1,000
$20,000
Up to 36 months
$12
$95-$595 depending on loan size
Borrow up to $20,000 and apply online within 5 minutes. Eligibility: Be over 18, hold permanent NZ residency, have collateral/security, earn at least $450 per week.
Stadium Finance Personal Loan
9.95% - 19.95%
$3,000
$100,000
Up to 60 months
N/A
Varies with lender
Stadium Finance negotiates loan terms with a network of lenders. Borrow between $3,000 to $100,000 and funds paid within one day of approval. Eligibility: Must be 18+. Other requirements depend specific lender.
ANZ Personal Loan
13.90%
$3,000
$40,000
Up to 7 years
N/A
$115
BNZ Advanced Personal Loan
12.65% (students/graduates) - 17.85% (standard)
$1,000
$30,000
Up to 5 years
N/A
$50
Kiwibank Personal Loan
13.95% - 18.95%
$2,000
N/A
Up to 7 years
N/A
$240, $0 for Graduate Pack customers
Loan Spot Personal Loan
9.95% - 24.95%
$3,000
N/A
1-5 years
N/A
$276
Personal loans at fixed interest rates starting from 9.95% p.a and get funded within 48 hours.

Compare up to 4 providers

Read more on this topic

  • ANZ Personal Loans With the ability to borrow up to $40,000 for a loan term of up to 7 years, ANZ personal loans are worth considering for debt consolidation, vehicle finance or a dream holiday.
  • BNZ Personal Loans If you’re an existing BNZ customer, a BNZ personal loan gives you flexibility when it comes to managing your finances.
  • Kiwibank Personal Loans When you take out a Kiwibank personal loan, all profits stay in New Zealand. Find out more about interest rates, loan terms and features.
  • Nectar Personal Loans Find out how you can get instant approval and funds in your account the same day with an unsecured Nectar personal loan.
  • Stadium Finance Personal Loans Stadium Finance personal loans have interest rates starting at 9.95% and approval within 24 hours. Find out how you can apply.
  • Pronto Finance Personal Loan Review If you're approved for a loan, you could be paid in as little as nine minutes.
  • Loans for people on a pension Receiving a pension shouldn't stop you from getting a loan. Find out what loan options you have whether you're using Kiwisaver or getting NZ Super.
  • Compare dental loans If you don't have the money to pay for the dentist, why not consider a dental loan? Read this guide to find out what options you have to cover the costs of dental work, including surgery, and what lenders are available.
  • Compare financing options for legal fees Discover nine different ways to finance your legal fees and common costs to expect.
  • Personal loan fees explained We break down exactly what a lender could charge you for, how much you could expect to pay and which fees you can avoid altogether.
Go to site