Low Rate Personal Loan

For new customers looking to borrow more than $20,000, who are homeowners or mortgage holders and have an excellent credit rating ^

Apply in less
than 10 minutes


Fixed rate (Secured & Unsecured)
Comparison rate

Fees & charges

Establishment Fee
Loan Service Fee
$13 per month
Australia Post Payment Handling Fee
Payment Handling Fee

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
Within the second half of your loan term

Better interest rates are just the beginning

Easy application

You can apply online or over the phone in just 10 minutes.

Calculate your repayments

fixed rate
comparison rate

I want to borrow

The minimum loan amount for the Low Rate Personal Loan is $20,000.

For how many years?

How often do you want to pay?

Your results



(excluding fees)

Total interest payable


Total loan amount


Loan term

5  years

Fixed rate

10.99%^ p.a.

Comparision rate

12.21%* p.a.

Edit details

Loan details

Personal loans from $20,000

Fixed rate
For the life of the loan
Loan amounts
From $20,000

Weekly, fortnightly or monthly

Choose the day of the week your
repayments are deducted

Loan terms
2 - 7 years
Loan Types
Secured and unsecured

Other benefits
Optional loan protection insurance
Unlimited free disbursement
Extra repayments accepted1

Pay It Faster
Want to save on your interest? No problem — you can pay extra when you want to get ahead of the game.1
Choose your repayment day
Whether you’re paying monthly, fornightly or weekly, we let you pick the repayment day that works best for your situation.

How to apply

  1. Apply online and get aresponse in 1 business day.
  2. Provide required documents, such as your payslips and identification documents.
  3. Accept and return your loan contract online.
  4. We pay within 24 hours of receiving your signed contract.


You must:
  • 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

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:1330973422">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><p><strong>Latitude Low Rate Personal Loan</strong></p><p>The minimum amount you can borrow for a Latitude Low Rate Personal Loan is $20,000. </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://assets.latitudefinancial.com/forms/loans/third-party-authority.pdf">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?

    <span><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></span>

  • 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 Low Rate 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. 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.

1 You can make additional payments, however if you decide to make early or extra repayments, an early termination fee may apply.