Pay it faster, save
interest

No way, you say? Yes way. For example, let’s see how you could save up to $1000 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 five years at 13.99% fixed p.a. (comparison rate 15.19% p.a.). The comparison rate is based on an unsecured loan of $30,000 over five 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 costsInterest savingsLoan term
Pay it faster by $50 per month$26,779$1,1374 years 5 months
Pay it faster by $25 per month$27,302$6144 years 8 months
Normal repayment schedule$27,916$05 years

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

A personal loan that helps you feel more in control

Pay it faster and save interest

Pay your loan faster1, you’ll pay less interest and earn a round of applause from us.

Our Latitude loans

Personal Loan

Renovating? Travelling? Or getting married? Whatever you need, let’s do it with a Latitude Personal Loan.

secured
Fixed Rate
12.99
%
p.a.
^
to
24.99
%
p.a.
^
Comparison Rate
14.20
%
p.a.
*
to
26.14
%
p.a.
*
Unsecured
Fixed Rate
13.99
%
p.a.
^
to
24.99
%
p.a.
^
Comparison Rate
15.19
%
p.a.
*
to
26.14
%
p.a.
*
  • Loan amounts from $3,000
  • Loan terms from 1 - 7 years
  • Secured and unsecured loans
  • Fixed rate for the life of the loan
  • Weekly, fortnightly or monthly repayments

Low Rate Personal Loan

If you’re new to Latitude Personal Loans and want at least $20,000, hit the green button
now.

Secured
Fixed Rate
9.99
%
p.a.
^
Comparison Rate
11.22
%
p.a.
*
Unsecured
Fixed Rate
10.99
%
p.a.
^
Comparison Rate
12.21
%
p.a.
*
  • Loan terms from 1 - 7 years
  • Secured and unsecured loans
  • Fixed rate for the life of the loan
  • Be a homeowner or mortgage owner
  • Have an excellent credit rating
  • Weekly, fortnightly or monthly repayments

Compare our loans

Show me

Have a personal loan with us?

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

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.

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.