Home renovation
loans

Get Started

I want to renovate

Toying with the idea of a butler’s pantry but can’t quite bring yourself to redo the whole kitchen? No room for a bath in your bathroom? Reno’s are easy to put off. Don’t let finding the money be your excuse.

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.

What is the difference between an Unsecured and a Secured 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.

Personal loan
repayment calculator

Use our loan calculator to work out your approximate repayments before you apply for a personal loan.

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.

Car loan
repayment calculator

Use our handy calculator to determine what your repayments may be on that new car, motorbike or boat.

Frequently asked questions

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

    <p>You can use a Latitude Loan for home improvements and most other purposes. This could be anything from a holiday, education expenses, car purchase or repairs, travel, unexpected bills, debt consolidation or even a wedding. If you have something in mind, give us a call on <a href="tel:1330973422">1300 973 422</a> to discuss a solution that suits you.</p>

  • How much can I borrow?

    <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> <p><strong>Latitude Low Rate Loan</strong></p> <p>The minimum amount you can borrow for a Latitude Low Rate Personal Loan is $20,000. </p>

  • How do I make repayments?

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

  • Useful forms

    <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://assets.latitudefinancial.com/forms/loans/third-party-authority.pdf">Third part authority</a> [PDF]

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

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

  • How long till I receive my funds?

    <p>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).</p>

  • What is the eligibility criteria?

    <strong>Latitude Personal Loan</strong> <p>At a minimum, you will need to:</p> <ul> <li>have 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.</p> <strong>Latitude Low Rate Personal Loan</strong> <p>At a minimum, you will need to:</p> <ul> <li>be a homeowner or have a mortgage,</li> <li>borrow a minimum of $20,000,</li> <li>be a new Latitude personal loan customer,</li> <li>have an excellent credit history,</li> <li>have 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>

  • Do I need to provide security?

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

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

    <p>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.</p>

  • How is my interest calculated?

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

  • Will I be charged a fee for making extra payments?

    <p>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&#xAE;. BPAY and the BPAY logo are registered trademarks of BPAY Pty Ltd 69 079 137 518.</p>

  • How can I avoid paying late fees?

    <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>

Important information

^Approved customers only. Terms, conditions, fees and charges apply for Latitude Low Rate Personal Loan and Latitude Personal Loan. Terms, conditions, fees and charges apply for Latitude Car and Motor Loan. All applications are subject to lending and approval criteria. For the Latitude Low Rate Personal Loan, Excellent Credit Rating is as determined by Equifax.

Loan terms range from 1-7 years.

Latitude Low Rate Secured Personal Loan interest rate is 9.99% with a comparison rate of 11.22% p.a.

Latitude Low Rate Unsecured Personal Loan interest rate is 10.99% p.a. with a comparison rate of 12.21% p.a.

Latitude Personal Loan rates range from 12.99% p.a. to 24.99% p.a. for secured loans (comparison rates 14.20% p.a. to 26.14% p.a.) and 13.99% p.a. to 24.99% p.a. for unsecured loans (comparison rates 15.19% p.a. to 26.14% p.a.).

Latitude New and Used Car 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: An unsecured 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, however if you decide to make early or extra repayments, an early termination fee may apply.