Pay it faster, save

No way, you say? Yes way. For example, let’s see how you could save up to $1,000 in interest just by paying an extra $50 each month.# Repay faster, save money and get on with the good stuff.

#Savings based on a $20,000 loan over 5 years at 13.99% p.a. (comparison rate 15.19% p.a.). The comparison rate is based on an unsecured loan of $30,000 over 5 years. WARNING: The comparison rate is 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. You can make additional payments, however if you decide to make early or extra repayments, an early termination fee may apply.

Let better money habits help you save

Let’s say you have a $20,000 loan over 5 years#. Let’s also say you pay super-fast on that loan. Now, compare the total interest saved and smile.

Total costs

Interest savings

Loan term

Pay it faster by $50 per month



4 years 5 months

4 yrs 5 mths

Pay it faster by $25 per month



4 years 8 months

4 yrs 8 mths

Normal repayment schedule



5 years

5 yrs

Interest savings and loan term reductions are an estimate only based on the increased monthly payments displayed.


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


Total amount paid


Interest saved


Time saved

0 mths, 0 yrs
0 months, 0 years

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.

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
Latitude brand video

Let’s make things happen

Whoever said you can’t have fun and be good with money clearly isn’t doing it right! You should be empowered to live how you like. Let’s get right to it.

Find out more

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 6.49% 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

Would I be locked into paying more each month?

Absolutely not. You can revert to your minimum repayment at any time.

What if I only want to pay extra occasionally?

At Latitude, we offer a range of flexible payment options. So, if you'd like to pick and choose when you pay extra, you can do so by using BPAY® or Australia Post. Call us on 13 28 26 to find out more. Please note, using BPAY® or Australia Post does include a payment handling fee of $1.50.

What if I repay my loan super fast?

That's ok too, but just 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. Call us on 13 28 26 to find out more.

Can I do this with my car loan?

Unfortunately, not. Our pay it faster option only applies to Latitude Personal Loans.

Have a personal loan with us?

You can pay faster too1. Simply give us a call to find out more.

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 6.49% p.a. to 19.49% p.a. for secured loans (comparison rates 7.75% p.a. to 20.66% 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.