Debt consolidation loans
Are you constrained with the hassle and anxiety of multiple debts? Streamline your debts into one easy to manage debt consolidation loan. Our loans are tailored to your needs, lifestyle and budget. And a loan with us means you'll only ever have one regular repayment at a fixed interest rate.
Important Information
^ 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.
* Comparison rates for all the above products are based on a loan of $30,000 over 5 years.
WARNING: These comparisons 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.
EXAMPLE: A secured personal loan of $30,000 borrowed for 5 years with the minimum interest rate of 10.99% p.a. (12.21% p.a. comparison rate), would equate to a total amount payable of $40,233 (including a $250 establishment fee and $13 monthly loan servicing fees).
1 You can make additional payments, however if you decide to make early or extra repayments, an early termination fee may apply.
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 repaymentsBudget planner
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 budgetCar 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 repaymentsWhy Latitude?
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?
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Debt consolidation involves gathering your credit card debts, loans and other liabilities and combining them into one easy to manage personal loan.
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Debt consolidation involves gathering your credit card debts, loans and other liabilities and combining them into one easy to manage personal loan.
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With a Latitude Debt Consolidation Loan you can consolidate your credit cards, store cards, personal loans, car loans or small debts.
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Once your loan is approved, we can issue payout payments to credit providers on your behalf. If you’re also closing your paid out credit card accounts, we can help you with the paperwork.
Application and approval
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In most cases, you can expect to receive a decision on your loan application in 1-2 working days.
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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).
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Latitude Personal Loan
At a minimum, you will need to:
- have a regular income,
- be an Australian Permanent Resident,
- be at least 18 years of age.
Other credit and approval criteria will apply depending on your situation.
Latitude Low Rate Personal LoanAt a minimum, you will need to:
- be a homeowner or have a mortgage,
- borrow a minimum of $20,000,
- be a new Latitude personal loan customer,
- have an excellent credit history,
- have a regular income,
- be an Australian Permanent Resident
- be at least 18 years of age.
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.
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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
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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.
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Interest is calculated daily and charged to your account on a monthly basis.
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Additional repayments can be made at any time. However if you pay off your loan early, an early termination fee may apply. The amount will depend on how long you have left on your agreed term. Payment handling fees apply for additional repayments made at Australian Post or via BPAY®. BPAY and the BPAY logo are registered trademarks of BPAY Pty Ltd 69 079 137 518.
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- 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 1300 973 422 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.