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.
Let better money habits help you save
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
Interest savings and loan term reductions are an estimate only based on the increased monthly payments displayed.
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
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 rate||For the life of the loan|
|Loan amounts||From $3,000|
|Repayments||Weekly, fortnightly, monthly|
|When||Choose the day of the week your repayments are deducted|
|Loan terms||1 - 7 years|
|Loan types||Secured and unsecured|
|Other benefits||Extra repayments accepted1|
How to apply
- Apply online and receive a response in 60 seconds.
- Provide required documents, such as your payslips and identification documents.
- Accept and return your loan contract online.
- Obtain funds within 24-48 hours of us receiving your online acceptance.
- 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
- 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.
^ 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.