Low Rate Personal Loan
Comparison rate 12.21%* p.a.
For new customers looking to borrow more than $20,000, who are homeowners or mortgage holders and have an excellent credit rating ^
than 10 minutes
Fees & charges
|Loan service fee||$13 per month|
|Australia Post payment handling fee||$1.50|
|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:|
|Within the first half of your loan term||$300|
|Within the second half of your loan term||$0|
About the loan
|Fixed Rate||For the life of the loan|
|Loan amounts||From $20,000|
|Repayments||Weekly, fortnightly, monthly|
|When||Choose the day of the week your|
|repayments are deducted|
|Loan terms||1 to 7 years|
|Loan types||Secured and unsecured|
|Other benefits||Optional loan protection insurance|
|Unlimited free disbursement|
|Extra repayments accepted¹|
- Be 18 years or over
- Be a permanent Australian resident
- Be currently employed
- Borrow at least $20,000
- Be a new Latitude Personal Loan customer
- Be a homeowner or mortgage owner
- Have an excellent credit rating
^ Approved customers only. Terms, conditions, fees and charges apply. All applications are subject to lending and approval criteria. Excellent credit rating as determined by Equifax.
* Comparison rate for the above product is based on an unsecured loan of $30,000 over 5 years.
WARNING: This comparison rate is true only 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: 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).
1 You can make additional payments, however if you decide to make early or extra repayments, an early termination fee may apply.
The repayment amount shown using this calculator is an estimate only. The results from this calculator should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. This calculator should only be used as a guide to see how personal loan repayments can vary when you change the loan amount, interest rate, and loan term.
Fees and charges are payable and the calculations do not take these into account.