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GEM Finance

WHAT IS INTEREST-FREE?

Enjoy the freedom to make your purchase and manage your payments over time, without paying any interest during the interest-free period. We offer 12 Months of Interest-Free and 10 Months of Deferred Payment.
 
  • Buy online or in-store
  • Choose a payment plan that suits you.
  • Pay no interest during the interest-free period.
  • Apply online and get a response in 60 seconds and if approved, start shopping right
  • away.
  • Minimum monthly payments must be made each month.
  • Make additional repayments without penalty.
***Terms & conditions apply.
 
12 MONTHS INTEREST-FREE STOREWIDE

12 months interest-free Storewide. Minimum purchase $250. From no deposit. The amount payable will be shown on your monthly statement. Normal credit and lending criteria and fees including $55 establishment fee and annual fee ($52 Gem Visa / $50 Gem CreditLine) apply. Paying only the minimum monthly repayment of 3% of the outstanding monthly balance or $20, whichever is more, will not be sufficient to repay the purchase amount(s) within the promotional period. The prevailing interest rate (currently 25.99% p.a Gem Visa/29.95% p.a Gem Creditline) applies to any outstanding balance on the expiry of the interest-free period. Gem Visa and Gem CreditLine are provided by Latitude Financial Services Limited.
 
10 MONTHS DEFERRED PAYMENT

Payment for your purchase will be deferred for the stated period. During the deferred payment period, no interest will accrue and no monthly payments need to be made. If you pay the outstanding balance in full before the end of the deferred payment period, you will avoid paying any interest. If you do not pay the outstanding balance in full before the end of the deferred payment period, the amount payable will include interest and will be included in the minimum monthly payment amount shown on your monthly statement. The prevailing interest rate applies to any outstanding balance on the expiry of the deferred payment period (currently 25.99% p.a. for Gem Visa and 29.95% p.a. for Gem CreditLine).

FEES AND CHARGES

Minimum monthly payments are required but you won’t be charged interest if you pay off your purchase before the expiry of the interest-free period. The prevailing interest rate applies to any outstanding balance on the expiry of the interest-free period.

Standard fees and charges apply including:

Establishment Fee

A one-off fee of $55 is charged for the processing of your application when you open your account and applied at the point of your first spend.

Annual Account Fee

A fee is charged on the anniversary of your account and is for maintaining the account for the previous 12 months. It is then charged each subsequent year the account remains open. The annual fee is $52 for Gem Visa or $50 for CreditLine.

Gem Visa and Gem CreditLine are provided by Latitude Financial Services Limited.