Our loans explained

Let's face it, money can make better things happen. Whether your idea of better is to spruce up your house, upgrade your car or jet off on the holiday of a lifetime, we've got a loan that's right for you.

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Latitude Car Loan Latitude Low Rate Personal Loan Latitude Personal Loan

Latitude Car Loan

from
8.99 % p.a.^
10.09 % p.a.*
comparison rate

Latitude Low Rate Personal Loan

flat rate
9.99 % p.a.
11.22 % p.a.*
comparison rate

Latitude Personal Loan

secured from
12.99 % p.a.^
14.20 % p.a.*
comparison rate

Latitude Car Loan

Latitude Low Rate Personal Loan

Latitude Personal Loan

  • 18 years or over
  • Permanent Australian resident
  • Able to demonstrate a good credit history for the last 5 years
  • Free from bankruptcy for the last 7 years
  • 18 years or over
  • Permanent Australian resident
  • Loan amounts from $20,000
  • Available to new Latitude personal loan customers only
  • Applicants must be homeowners or have a mortgage
  • Applicants must have an excellent credit rating
  • 18 years or over
  • Permanent Australian resident
  • Able to demonstrate a good credit history for the last 5 years
  • Free from bankruptcy for the last 7 years
  • Loan amounts from $5,000 ($3,000 for motorbikes)
  • Consumer and commercial loan terms available from 1 - 7 years
  • Secured loans only
  • Stay in control with a fixed rate for the life of the loan
  • Flexible repayment options
  • Car insurance available - find out more
  • Cars up to 20 years of age at end of loan
  • Motorbikes, caravans, marine/personal watercraft, and horse floats up to 12 years of age at end of loan
  • Loans for private sale available for car and marine purchases
  • Loan amounts from $20,000
  • Loan terms from 2 - 7 years
  • Secured and unsecured loan options available
  • Stay in control with a fixed rate for the life of the loan
  • Flexible repayment options
  • Optional loan protection insurance - find out more
  • Loan amounts from $3,000
  • Loan terms from 2 - 7 years
  • Secured and unsecured loan options available - choosing a secured loan may reduce your interest rate
  • Stay in control with a fixed rate for the life of the loan
  • Flexible repayment options
  • Optional loan protection insurance - find out more
  • Consumer and commercial loans available from 8.99%^ to 13.99%^ p.a. (10.09%* to 15.07%* p.a. comparison rate)
  • Secured and unsecured loans at 9.99% p.a. (11.22%* p.a. comparison rate)
  • Secured loans from 12.99%^ to 28.99%^ p.a. (14.20%* to 30.13%* p.a. comparison rate)
  • Unsecured loans from 13.99%^ to 29.99%^ p.a. (15.20%* to 31.13%* p.a. comparison rate)
  • $295
  • $250
  • $140 for loans under $4,000
  • $250 for loans over $4,000
  • $40 in the event that you can't make the minimum repayment by your agreed due date
  • $35 in the event that you can't make the minimum repayment by your agreed due date
  • $35 in the event that you can't make the minimum repayment by your agreed due date
  • $10 per month
  • $13 per month
  • $13 per month
  • $1.50 per payment
  • BPAY® biller code: 78576
  • $1.50 per payment
  • BPAY® biller code: 172023
  • $1.50 per payment
  • BPAY® biller code: 172023
  • An early termination fee of up to $750 is payable if you pay the loan out early
  • $150 within the first half of your loan term
  • $75 within the second half of your loan term
  • $0 during the last 6 months of your loan term
  • $150 within the first half of your loan term
  • $75 within the second half of your loan term
  • $0 during the last 6 months of your loan term

Personal loans information

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.

In order to take out a Latitude loan, you’ll need to:

  • have a regular income,
  • be a permanent Australian resident, and
  • be at least 18 years of age.

    • Other credit and approval criteria will apply – this generally depends on what we learn once we’ve reviewed your application and your individual needs. One of our Betterers will let you know if your application is successful by the next working day.

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.

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. Settlement times may vary depending on circumstances.

* Comparison rates for all the above products are based on a loan of $30,000 over 5 years.

WARNING: These comparison 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. If approved, we will confirm your actual interest rate in your loan contract.

EXAMPLE: A secured personal loan of $30,000 borrowed for 5 years with the minimum interest rate of 9.99% p.a. (11.22% p.a. comparison rate), would equate to a total amount payable of $39,334 (including a $250 establishment fee and $13 monthly loan servicing fees).

Get a Latitude personal loan today

How to apply

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Online application

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Latitude Financial Representative

Talk to a Betterer

Call our team of Betterers Mon to Fri, 8am – 7pm (AEST)

Call 13 28 26

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.

Find out more