Gem Personal Loan – Loan Review
Amount, $2 000 - $200 000 ;Term, 6 - 84 months
Applying does not commit you to any agreement.
Gem by Latitude Personal Loan
Gem by Latitude (formerly GE Finance) offers personal loans from $2,000 to $200,000 with terms from 6 to 84 months. Rates start from 9.99% p.a. Gem is one of the largest non-bank lenders in New Zealand with a strong retail lending presence.
Applications are available online and through a wide network of retail partners. The online application takes around 10 minutes, with a conditional decision returned promptly. Full approval and funding can take 1-3 business days.
Both secured (lower rates) and unsecured loan options are available. Gem is a responsible lender and will conduct a credit and income assessment before approving any loan.
Gem Personal Loan repayment example
Indicative repayment scenarios. Always confirm the exact cost of credit on the lender's website before you apply.
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| $2 000 | $306 | $2 306 | 6 months |
| $10 000 | $803 | $10 803 | 1 year |
| $20 000 | $2 414 | $22 414 | 2 years |
How to apply for Gem Personal Loan
- Check your eligibility and complete your application
- Provide any required documents such as payslips and identification
- Securely accept your contract online
- Within 24 hours of your contract acceptance the money should be in your account
Gem Personal Loan eligibility requirements
- Be 18 years or over
- Be a permanent NZ resident
- Be earning a stable income
About Gem Personal Loan
Gem Personal Loan is operated by Latitude Financial Services Limited.. Registered location: 8 Tangihua Street, Auckland CBD, Auckland 1010, New Zealand. New Zealand lenders are expected to operate under the Credit Contracts and Consumer Finance Act (CCCFA) responsible-lending rules — always read the full loan terms before signing.
✓ Pros
- Large amounts up to $200,000
- Terms up to 7 years
- Secured loan option at lower rates
- Established NZ lender
✗ Cons
- Rates can be higher for lower credit scores
- Establishment fee applies
- Stricter income verification required
Loan Example
Example: $10,000 unsecured over 36 months at 12.99% p.a. = approx. $336/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income of at least $400/week
- ✓ Good to average credit history
- ✓ Valid NZ ID
Loan Features
- Online loans up to $200 000
- Term 6 - 84 months
Frequently Asked Questions
6 - 84 months after submitting your application.
The minimum amount at Gem Personal Loan is $2,000.
Yes, Gem Personal Loan offers an online application process. Visit their website to apply.