The Gem Personal Loan, provided by Latitude Financial Services, is built around a simple idea: your rate should reflect your situation, not a one-size-fits-all number.
Gem Personal Loan: best loan for debt consolidation and life’s big moments
Juggling multiple repayments across different due dates is stressful, and it can quietly cost more in fees and interest than most people realise.
A Gem Personal Loan lets you roll existing debts into one fixed or variable repayment, with the option of weekly, fortnightly, or monthly instalments — so there’s one date to remember instead of several.
Should I get a personal loan from Latitude?
Latitude has been operating across New Zealand and Australia for close to a century, and today looks after more than 2.6 million customer accounts through Gem, its loans and credit card business.
That scale shows up in the details: rate checks that don’t touch your credit score, contracts you can accept digitally, and a support team reachable if your circumstances change mid-loan.
How to get a loan from Gem by Latitude?
To get a Gem Personal Loan, you need to:
- Be a New Zealand citizen or resident, over 18 years old
- Hold a valid NZ driver licence or NZ passport
- Show a stable income
- Have your typical expenses and any existing debts ready to declare
Applying for the loan:
- Check your rate: Get an estimate online in about 2 minutes, with no credit score impact.
- Apply online: Submit your ID and proof of income.
- Accept your contract: Review and sign digitally through the customer portal.
- Get your funds: Money is typically released within 24 hours of your signed contract.
FAQ
Can I get a loan from Latitude without a job?
You’ll generally need to show a stable income to qualify — this doesn’t have to be a traditional job, but Gem assesses your ability to repay before approving any loan.
How much will I get approved for with a Gem Personal Loan?
Approved amounts start from $2,000 and depend on your income, expenses, existing debts, and whether the loan is secured or unsecured.
How do I pay off a Gem Personal Loan?
Repayments are set up as weekly, fortnightly, or monthly direct debits, and you can pay it off early at any time with no early repayment fee.
How do I cancel a loan application with Latitude?
You can withdraw your application any time before you accept the loan contract by contacting Gem’s customer support directly — nothing is finalised until you digitally sign.