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Debt Consolidation Loans

Keep things simple by combining multiple repayments into one. Apply for a Gem Debt Consolidation Loan online in 7 minutes and get a response to your application in only 60 seconds.

Check your interest rate in 2 minutes with no impact to your credit score.
Credit and lending criteria, and fees apply. You may wish to seek independent advice to ensure this product is right for your personal circumstances. Credit provided by Latitude Financial Services Limited.
Check your rate

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

This won't affect your Credit Score

How the debt consolidation
process works

  1. Let’s work out your debt
    This could include multiple credit cards and loans with other providers.
  2. Let’s apply
    Our application process is simple, and you can check your interest rate before you apply. Let's get started!
  3. Let’s handle your payments directly
    If approved, we can get rid of the hassle and do all the hard work for you by:
    • Organising the consolidation of your debts
    • Paying your nominated credit providers directly
  4. Start making just one payment for all your debts
    Gem can do all the organising to consolidate your debts, so you can breathe easier, take a break, and take control. All you need to do is pay down your loan, one easy-to-manage payment at a time. Now that's better.

Rates

variable
Secured Rate^
8.99
%
p.a.
^
to
28.99
%
p.a.
^
Unsecured Rate^
9.99
%
p.a.
*
to
29.99
%
p.a.
*
fixed
Secured Rate^
8.99
%
p.a.
^
to
28.99
%
p.a.
^
Unsecured Rate^
9.99
%
p.a.
*
to
29.99
%
p.a.
*

Let's talk loan details


Loan amountsFrom $2,000

RepaymentsWeekly, fortnightly, monthly

Loan terms1 - 7 years

No early repayment feesPay your loan off sooner, at no extra charge!

Establishment fee$240

Other InformationLoans with a variable interest rate are subject to change throughout the duration of the loan

Fees & charges

Establishment Fee$240
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!
PPSR Registration Fee$14
PPSR Search Fee$2
Other InformationInterest rates depend on your personal circumstances
Personal loan
repayment calculator

What will my repayments be?

Let's calculate

Why debt consolidation?

One easy-to-manage payment

There's no need to manage multiple credit card balances or loans from multiple providers. One easy-to-manage payment comes straight out of your account.

Flexible repayments

You choose your payment schedule, whether it's weekly, fortnightly or monthly. Plus, you can make extra repayments to pay down your loan faster.

Extra help

We're here to provide that extra help when you really need it, so you can manage your finances in a way that suits you. Just call us on 0800 422 898.

How to apply

  1. Check your interest rate online in 2 minutes without impacting your credit score
  2. Apply online and receive a response in 60 seconds
  3. Provide required documents, such as banking statements and identification documents
  4. Accept your loan contract digitally
  5. Obtain funds within 24 hours of us receiving your online acceptance

Eligibility

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

About my Gem Debt Consolidation Loan
Application and approval
Fees, charges and interest

Important information

^Gem Personal Loan
Gem Personal Loan rates range from:
Variable Loans - 8.99% p.a. to 28.99% p.a. for Secured Loans and 9.99% p.a. to 29.99% p.a. for Unsecured loans. Loans with a variable interest rate are subject to change throughout the duration of the loan.
Fixed Loans - 8.99% p.a. to 28.99% p.a. for Secured Loans and 9.99% p.a. to 29.99% p.a. for Unsecured loans.
Your interest rate depends on your personal circumstances. 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).