Calculators and tools
Personal loan repayments
Interested in what your repayments might be before you jump into applying? Use our personal loan calculator to find out.Calculate repayments
Not sure how far the budget will stretch? Take a look at our budget planner. It’ll help work out how much you can afford to repay.Set up a budget
Car loan repayments
Eager to test drive but need to know your limits? Use our car loan calculator to work out your approximate repayments before you choose your wheels.Calculate repayments
We've done this for a long time
We are a leading consumer finance provider across Australia and New Zealand, helping over 2.5 million customers achieve their financial goals.
A rate tailored to you
We can see your potential. We understand your needs. Our products use
Here at Latitude, we believe all Australians deserve the better things in life. And sometimes you need a little help to get you there. That’s why we use risk based pricing to determine our rates. Risk based pricing is a method of setting interest rates that allows us to lend to a wider range of customers, by better understanding an individual’s circumstances. Both our Latitude Personal Loan and Latitude Car Loan are risk based products.
We ask questions that enable us to assess your loan application based on factors including:
- the personal information you provide,
- a review of your credit history, and
- the amount you want to borrow.
Your interest rate is then set depending on the outcome of this assessment and will range from 12.99%^ to 29.99%^ p.a. (14.20%* to 31.13%* p.a. comparison rate) on our Latitude Personal Loan, and from 8.99%^ to 13.99%^ p.a. (10.09%* to 15.07%* p.a. comparison rate) on our Latitude Car Loan.
to help you to realise goals, so you can get on with enjoying life.
The brilliant alternative to a bank
As personal finance specialists we aim to make the process of dealing with us as easy as possible. Apply online whenever it suits you or talk to one of our Australian-based personal loan specialists.
Loans made simple
Choose from weekly, fortnightly or monthly repayments, plus you can make extra payments whenever you like. What could be better?
Frequently asked questions
What can I use my loan for?
The minimum loan amount is $5,000; however motorbike loans are available from $3,000. The maximum you can borrow is subject to lending criteria and will depend on your current financial situation.
Vehicles considered include new and used cars, motorbikes, personal watercraft, boats, caravans and campervans. At least 50% of the vehicle’s use must be for personal purposes. If over 50% of the vehicle’s use is for business purposes, then please call 13 10 24.
If your vehicle is over the number of years listed below, please contact us to work out the best solution for you:
- Car - 20 years
- Motorbike - 12 years
- Personal watercraft - 12 years
- Boat - 12 years
- Caravan - 12 years
- Campervan - 12 years
The minimum term for a loan is 1 year, with a maximum of 7 years1. Be sure to set a loan term that suits you - if you can afford to repay your loan sooner, opt for a shorter term. A longer loan term will mean your regular repayments will be lower, however the total payable interest will be more than a shorter term loan.
1The maximum term for boats, personal watercraft and motorcycles is 5 years. Loans for other vehicles over 5 years are subject to loan amount and risk criteria.
Application and approval
In most cases, you can expect to receive a decision on your loan application in 1-2 working days.
Once your loan is approved and signed, your funds are usually available the next day or no more than two working days (depending on your circumstances).
At a minimum, you will need to have a regular income, be an Australian Permanent Resident and be at least 18 years of age. Other credit and approval criteria will apply depending on your situation. We can usually let you know if your application is successful by the next working day.
Whether you need to provide security or not will vary depending on your personal circumstances and the loan amount you have applied for.
Fees, charges and interest
All our loans feature fixed interest rates, so repayment amounts stay the same throughout the life of the loan. Having this certainty makes budgeting easier and more manageable.
Interest is calculated daily and charged to your account on a monthly basis.
Additional repayments can be made at any time. However if you pay off your loan early, an early termination fee may apply. Check the interest rates and fees section on this page for more information.
- Paying by direct debit saves you time and the hassle of manual repayments, it also helps you to avoid fees from missed or late payments.
- Make sure you have sufficient funds in your account so all direct debits and other scheduled payments can be made.
- If your circumstances change which could affect your repayments, call us on 13 10 24 to discuss your options.
- You can also make additional repayments so you pay off your loan sooner and save on interest1.
1Early termination fee applies.