Finances getting the better of you?
Sounds like you need to take control with a Latitude Debt Consolidation loan. With one easy application, you could combine your debts into a simple, fixed-interest loan that’s tailored to your needs, lifestyle and budget. What could be better?
When shopping around or applying for a personal loan, one decision you’ll need to make is whether you want a secured or unsecured loan. Taking out a secured loan means you’re able to provide an asset or something with financial value, like your car, for the lender to secure your loan against. An advantage of taking out a secured loan is that you may be eligible for a lower interest rate. If you don’t have a suitable asset to secure your loan against, you may decide to apply for an unsecured loan.
Cover yourself with loan protection insurance
You never know what’s going to happen further down the track, so why not take out insurance to guard yourself against the unexpected.
Calculate your finances
Personal loan repayments
Use our loan calculator to work out your approximate repayments before you apply for a personal loan.
Car loan repayments
Use our handy calculator to determine what your repayments may be on that new car, motorbike or boat.
Budget 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.
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.
Get a Latitude personal loan today
Important Information
^Approved customers only. Terms, conditions, fees and charges apply. All applications are subject to lending and approval criteria. For the Latitude Low Rate Personal Loan, Excellent Credit Rating is as determined by Equifax.
Latitude Low Rate Personal Loan interest rate is 10.99%p.a. with a comparison rate of 12.21%p.a. and is available as a secured or unsecured loan.
Latitude Personal Loan rates range from 12.99%p.a. to 28.99%p.a. for secured loans (comparison rates 14.20%p.a. to 30.13%p.a.) and 13.99%p.a. to 29.99%p.a. for unsecured loans (comparison rates 15.19%p.a. to 31.13%p.a.).
Latitude Car and Motor Loan rates range from 6.99%p.a. to 14.99%p.a. (comparison rates 8.10%p.a. to 16.06%p.a.) and is available as a secured loan.
*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: An unsecured 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).
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.