Home renovation loans

Turn your house into your dream home today with our renovation loan. We'll measure up a loan to suit your needs, lifestyle and budget.

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Fixed Rate
Comparison Rate
Fixed Rate
Comparison Rate

Fees & charges

Establishment Fee$140 for loans under $5,000
$250 for loans of $5,000 or more

Loan Service Fee$13 per month
Australia Post Payment Handling Fee$1.50
BPAY® Payment Handling Fee$1.50

Late Payment Fee:$35 In the event that you can’t make the minimum repayment by your agreed due date

Early Termination Fee:$300 within the first half of your loan term
$0 within the second half of your loan term

Calculate your repayments


Interest rate p.a.^




Comparison rate p.a.*




Your estimated monthly repayment includes establishment & monthly fees


Total interest paid


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Interest saved


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This calculator is provided for illustrative purposes only and does not constitute a quote or pre-qualification. The interest rate you may be offered can differ from the interest rate displayed above and will be based on your personal circumstances. The total amount paid includes establishment and monthly fees. The interest saved and time saved is an estimate only and is based on paying the extra monthly amount for the full term. See all Fees & chargesFees & charges for this product.

Why choose a Latitude loan?

Un-complicated loans

Apply for your personal loan in under 10 minutes, get an application response in 60 seconds and once settled you’ll get the funds in your account in less than 48 hours.

Flexible options

At Latitude, you can choose to pay monthly, fortnightly or weekly, plus you can make additional repayments along the way1, saving you interest.

Download and be up to date

Download the Latitude App and stay up to date on your personal loan. View your balance, loan terms, interest rate, and more.

Let’s talk loan details

Fixed rateFor the life of the loan
Loan amountsFrom $3,000
RepaymentsWeekly, fortnightly, monthly
WhenChoose the day of the week your repayments are deducted
Loan terms1 - 7 years
Loan typesSecured and unsecured
Other benefitsExtra repayments accepted1

How to apply

  1. Apply online and receive a response in 60 seconds.
  2. Provide required documents, such as your payslips and identification documents.
  3. Accept and return your loan contract online.
  4. Obtain funds within 24-48 hours of us receiving your online acceptance.


You must:
  • Be 18 years or over
  • Be a permanent Australian resident
  • Be currently employed on a permanent basis and have a regular income
  • Be able to demonstrate a good credit history for the last 5 years
  • Be free from bankruptcy for the last 7 years
For secured loans at 6.99% p.a.^ and unsecured loans at 7.99% p.a.^ you must also:
  • Have an excellent credit rating
  • Be a homeowner or mortgage holder
  • Be a new Latitude Personal Loan customer

Frequently asked questions

What can I use my loan for?
  • What can I use my loan for?

    <span>You can use a Latitude loan for most purposes. This could be anything from a holiday, education expenses, car purchase or repairs, travel, home renovations, unexpected bills, debt consolidation or even a wedding. If you have something in mind, give us a call <a href="tel:1300973422">1300 973 422</a> to discuss a solution that suits you.</span>

  • How much can I borrow?

    <span><p><strong>Latitude Personal Loan</strong></p><p>The minimum amount you can borrow for a Latitude Personal Loan is $3,000, with the maximum depending on your circumstances and current financial situation.</p></span>

  • How do I make repayments?

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

  • Useful forms

    <span><p>To help you manage your account, here are some useful forms. You can return them using our<a target="_blank" href="/personal-loan-application-login"> secure upload portal</a>:</p><a target="_blank" href="https://assets.latitudefinancial.com/forms/loans/direct-debit-request.pdf">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 part authority</a> [PDF]</span>

Application and approval
  • When will I get a decision on my application?

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

  • How long till I receive my funds?

    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).

  • What is the eligibility criteria?

    <div><strong>Latitude Personal Loan</strong><p>At a minimum, you will need to:</p><ul><li>be employed on a permanent basis with a regular income,</li><li>be an Australian Permanent Resident,</li><li>be at least 18 years of age.</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><strong>For secured loans at 6.99% p.a.^ and unsecured loans at 7.99% p.a.^ you must also:</strong><ul><li>Have an excellent credit rating<sup>†</sup></li><li>Be a homeowner or mortgage holder</li><li>Be a new Latitude Personal Loan customer</li></ul></div>

  • Do I need to provide security?

    <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>

Fees, charges and interest
  • Will the interest rate on my loan be fixed or variable?

    <span>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.</span>

  • How is my interest calculated?

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

  • 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 if you pay off your loan before you're halfway through your original term, you will be charged an early termination fee of $300. Payment handling fees of $1.50 apply when making extra repayments via BPAY®. BPAY and the BPAY logo are registered trademarks of BPAY Pty Ltd 69 079 137 518.</span>

  • How can I avoid paying late fees?

    <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:1300973422"> 1300 973 422</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>

Important information

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

Excellent Credit Rating is as determined by Equifax.

Loan terms range from 1-7 years.

Latitude Personal Loan rates range from 6.99% p.a. to 18.99% p.a. for secured loans (comparison rates 8.25% p.a. to 20.16% p.a.) and 7.99% p.a. to 19.99% p.a. for unsecured loans (comparison rates 9.24% p.a. to 21.16% p.a.).

Latitude New and Used Car (Including Boat, Caravan, Motorbike and Commercial Vehicle) Loan rates are 6.99% p.a. and 9.99% p.a. (comparison rates 8.10% p.a. and 11.08% 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: A personal loan of $30,000 borrowed for 5 years with an 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.

1 You can make additional payments at any time, however an early termination fee may apply if the loan is repaid within the first half of your loan term.