Commercial Vehicle Loan

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Check your rate

We’ll ask you a few quick questions about your circumstances and credit history to give you a personalised interest rate and repayment amount.

$
This won't affect your credit score

Interest Rates

Variable
Variable Rate
9.49
%
p.a.
^
to
29.99
%
p.a.
^
Comparison Rate
10.93
%
p.a.
*
to
31.83
%
p.a.
*
Fixed
Fixed Rate
9.49
%
p.a.
^
to
29.99
%
p.a.
^
Comparison Rate
10.93
%
p.a.
*
to
31.83
%
p.a.
*

Let's talk loan details


RateChoice of a Fixed or Variable loan

Loan amountsFrom $5,000

RepaymentsWeekly, fortnightly, monthly

Loan terms2–7 years
Secured and unsecured

Other benefitsFixed loan:
Rate and repayment fixed for the life of the loan
Variable loan:
No early termination fee

Other InformationLoans with a variable interest rate are subject to change throughout the duration of the loan

Fees & charges
Establishment Fee$395
Loan Service Fee$13 per month
Payment handling fee for using BPAY®$1.95
Late Payment Fee:$45 in the event that you can't make the minimum repayment by your agreed date
Early Termination Fee:Fixed loan:
$500 up until the last 3 months of the loan term
Variable loan:
No early termination fee
Other InformationLoans with a variable interest rate are subject to change throughout the duration of the loan
Loan repayment calculator

What will my repayments be?

Let's calculate

Why choose a Latitude loan?

Un-complicated loans

Get an indicative Quote in 2 minutes, Apply in under 7 minutes. Once approved and you accept your contract, funds in your account in less than 24 hours.

Flexible options

At Latitude, you can choose to apply for a Fixed or Variable loan, along with an option to set up monthly, fortnightly or weekly repayments.

Redraw extra funds

Get flexible access to funds when you need them, when you're ahead on repayments with a Variable Rate Personal Loan.

How to apply

  1. Check your interest rate online in 2 minutes without impacting your credit score
  2. Apply online and receive a response in 60 seconds
  3. Provide required documents, such as banking statements and identification documents
  4. Accept your loan contract digitally
  5. Obtain funds within 24 hours of us receiving your online acceptance

Eligibility

You must:
  • Be 18 years or over
  • Be a permanent Australian resident
  • Be currently employed and earning at least $25,000 gross per annum
  • Be able to demonstrate a good credit history for the last 5 years
  • Be free from bankruptcy for the last 7 years

Frequently asked questions

About my Latitude Personal Loan
  • What can I use my loan for?

    You can use your Latitude solar and battery loan if you're borrowing for one of the below categories:<br /> <br /> <ul> <li>Solar panels & inverters</li><li>Batteries & storage</li><li>Electric vehicle charging solutions</li><li>Energy efficient appliances</li><li>Double & triple glazing</li><li>Solar heating & hot water services</li><li>Lighting upgrade</li><li>All things green & focussed on carbon reduction</li></ul> <br /> If you have something in mind, give us a call <a href="tel:132826">13 28 26</a> to discuss a solution that suits you.

    What can I use my loan for?
  • How much can I borrow with a personal loan?

    <span>The minimum amount you can borrow with a personal loan is $5,000, with the maximum depending on your circumstances and current financial situation.</span>

    How much can I borrow with a personal loan?
  • How do I make repayments on my loan?

    <span><p>You can opt to make weekly, fortnightly or monthly repayments by Direct Debit or BPAY®.</p><p>Payment via BPAY® will incur a payment handling fee of $1.50.</p><p>BPAY® and the BPAY® logo are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518</p></span>

    How do I make repayments on my loan?
  • Why do you need to know what I'm using the funds from my personal loan for?

    <span>As a responsible lender, our obligations requires us to make reasonable inquiries about your financial situation, requirements and objectives.</span>

    Why do you need to know what I'm using the funds from my personal loan for?
  • What's the difference between an unsecured and secured personal loan?

    <span><p>The main difference between unsecured and secured personal loans lies in the presence or absence of collateral, which is an asset that a borrower offers as security to the lender in case the loan is not repaid.</p><p>In a secured personal loan, the borrower pledges an asset (such as a car, property, or savings account) as collateral. This asset serves as a form of security for the lender.</p><p>An unsecured personal loan does not require any collateral. If the borrower defaults on the loan, the lender does not have a specific asset to seize.</p></span>

    What's the difference between an unsecured and secured personal loan?
  • Useful forms

    <span><p>To help you manage your account, here are some useful forms.</p><a target="_blank" href="https://latitudefs.zendesk.com/hc/en-au/requests/new?ticket_form_id=360000137778">Direct debit set up form</a> [PDF]<br><a target="_blank" href="https://latitudefs.zendesk.com/hc/en-au/requests/new?ticket_form_id=360000130337">Third party authority</a> [PDF]</span>

    Useful forms
  • What is redraw?

    <span><p>Redraw is a feature of Latitude Variable Rate Personal Loans that gives access to additional repayments you've made on your loan. There's no cost to redraw and no need to reapply for a new loan. Just flexible access to funds when you need them. Call 1300 973 422 to see if you are eligible.</p></span>

    What is redraw?
  • Do all Latitude personal loans allow redraw?

    <span><p>Only Latitude Variable Rate Personal Loan have redraw available.</p></span>

    Do all Latitude personal loans allow redraw?
Application and approval
  • When will I get a decision on my loan application?

    <span>In most cases, you can expect to receive a decision on your loan application in 1-2 working days.</span>

    When will I get a decision on my loan application?
  • How long till I receive my funds into my account?

    Once your loan is approved and signed, your funds are usually available the next business day or no more than two working days (depending on your circumstances).

    How long till I receive my funds into my account?
  • What is the eligibility criteria for a personal loan?

    <div><p>At a minimum, you will need to:</p><ul><li>be currently employed and earning at least $25,000 gross per annum</li><li>be an Australian Permanent Resident</li><li>be at least 18 years of age</li><li>Be able to demonstrate a good credit history for the last 5 years</li><li>Be free from bankruptcy for the last 7 years</li></ul><p>Other credit and approval criteria will apply depending on your situation. In most cases, you can expect to receive a decision on your loan application in 1-2 working days.</p></div>

    What is the eligibility criteria for a personal loan?
  • Do I need to provide security for my loan?

    <span>Whether you need to provide security or not will vary depending on your personal circumstances and the loan amount you have applied for.</span>

    Do I need to provide security for my loan?
  • Why do you carry out a credit check during my loan application?

    <span><p>As a responsible lender, we are required to take reasonable steps to verify and assess a consumer's financial situation before providing credit. Through process which includes performing a credit check. we're able to provide you with your personalised interest rate.</p><p>You can view your indicative interest rate by requesting a quote via our website and this will not impact your credit score.</p><p>If after your quote, you decide to proceed with a full loan application, a credit check will be performed.</p></span>

    Why do you carry out a credit check during my loan application?
  • Can I refinance a loan with Latitude?

    <span>Yes, you can refinance a loan through Latitude, however, this will be regarded as a new loan application therefore subject to approval. We will ask for updated details relating to your personal and financial situation before evaluating your refinancing application.</span>

    Can I refinance a loan with Latitude?
Fees, charges and interest
  • Will the interest rate on my loan be fixed or variable?

    <span>Interest rate may vary depending on the type of loan you apply for. Our Fixed personal loans feature fixed interest rates, so repayment amount stays the same throughout the life of the loan. Your rate could change during the term of your loan for a Variable personal loan.</span>

    Will the interest rate on my loan be fixed or variable?
  • How is the interest calculated on my loan?

    <span>Interest is calculated daily and charged to your account on a monthly basis.</span>

    How is the interest calculated on my loan?
  • Will I be charged a fee for making extra payments?

    <span>With a Latitude Personal Loan, you can make extra payments whenever and however you like. Be aware that for a Fixed personal loan, an early termination fee of $500 applies if you payout your loan in full up until the last 3 months of the loan.</span>

    Will I be charged a fee for making extra payments?
  • How can I avoid paying late fees on my personal loan?

    <span><ul><li>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.</li><li>Make sure you have sufficient funds in your account so all direct debits and other scheduled payments can be made.</li><li>If your circumstances change which could affect your repayments, call us on <a href="tel:132826"> 13 28 26</a> to discuss your options.</li><li>You can also make additional repayments so you pay off your loan sooner and save on interest<sup>1</sup>.</li></ul><p><sup>1</sup>Early termination fee applies.</p></div></span>

    How can I avoid paying late fees on my personal loan?
  • What does the comparison rate mean on a personal loan?

    <span><p>A comparison rate in the context of personal loans is a way of presenting the total cost of a loan to borrowers. It includes both the nominal interest rate and any associated fees or charges over the life of the loan, expressed as an annual percentage rate (APR). This allows borrowers to make more informed decisions when comparing different loan options from various lenders.</p><p>The comparison rate takes into account not only the interest rate but also any upfront or ongoing fees, such as application fees, annual fees, and other charges. By including these additional costs, the comparison rate provides a more accurate representation of the true cost of borrowing.</p><p>When evaluating personal loan options, it's important to consider both the nominal interest rate and the comparison rate. While the nominal interest rate indicates the cost of borrowing in terms of interest alone, the comparison rate gives you a more comprehensive view of the overall cost, helping you choose the loan that best suits your financial needs.</p></span>

    What does the comparison rate mean on a personal loan?
  • What's the difference between a fixed and variable rate personal loan?

    <span><p>A variable rate personal loan is a type of loan where the interest rate can fluctuate over the course of the loan term. Unlike a fixed interest rate, which remains constant, a variable interest rate is tied to a benchmark rate, such as the market interest rate. As this benchmark rate changes, the interest rate on the variable rate loan may also change, resulting in varying monthly repayments.</p><p>A fixed interest personal loan is a type of loan where the interest rate remains constant, or <q>fixed,</q> for the entire duration of the loan term. This means that the interest rate you agree upon when you take out the loan will remain unchanged regardless of any fluctuations in market interest rates during the whole loan term.</p></span>

    What's the difference between a fixed and variable rate personal loan?

Important Information

^ Approved customers only. Terms, conditions, fees and charges apply for Latitude Personal Loan. All applications are subject to lending and approval criteria.

Loan terms range from 2-7 years for Latitude Personal Loan.

Latitude Fixed Personal Loan rates range from 9.49% p.a. to 29.99% p.a. (comparison rates 10.93% p.a. to 31.83% p.a.).
Latitude Variable Personal Loan rates range from 9.49% p.a. to 29.99% p.a. (comparison rates 10.93% p.a. to 31.83% p.a.).

* The Comparison rate for the above products are based on $30,000 over 5 years.

WARNING: These comparison rates apply only to the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: A personal loan of $30,000 borrowed for 5 years with an interest rate of 15.99% p.a. (17.40% p.a. comparison rate), would equate to a total amount payable of $45,418 (including a $395 establishment fee and $13 monthly loan servicing fees).

Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.

1 You can make additional payments at any time, however, an early termination fee may apply on a Fixed loan up until the last 3 months of your loan term.