^Savings based on a $20,000 loan over 5 years at 13.99% fixed p.a. (comparison rate 15.19% p.a.). The comparison rate is based on a 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.
A personal loan that helps you feel more in control
Clear your loan quickly so you can get on with enjoying whatever 'better' means for you.
Make extra payments on your terms - whenever and however you like.
Everything you need to know
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 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.
Already have a personal loan with us?
You can pay faster too. Simply give us a call on 13 28 26 to find out more.
^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.