I want a new car
It’s time to get yourself into gear with a car loan from Latitude. Whether you’re upgrading your car to make room for the kids or adding to the toys in the garage, we’ll put you in the driver’s seat sooner.
We fund a range of motorised vehicles - from motorbikes and motorhomes all the way through to motorboats. Whatever you’re into, find a loan that’s right for you.
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
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.
Get a Latitude personal loan today
^ Approved customers only. Terms, conditions, fees and charges apply. For the ‘Latitude Car Loan' and the 'Latitude Personal Loan’ interest rates range depending on a number of factors, including the information you provide us and our assessment of your application. All applications are subject to lending and approval criteria. Settlement times may vary depending on circumstances.
* Comparison rates for all the above products are based on a loan of $30,000 over 5 years.
WARNING: These comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. If approved, we will confirm your actual interest rate in your loan contract.
EXAMPLE: A secured personal loan of $30,000 borrowed for 5 years with the minimum interest rate of 8.99% p.a. (10.09% p.a. comparison rate), would equate to a total amount payable of $38,324 (including a $295 establishment fee and $10 monthly loan servicing fees).