Latitude Financial Services Car Loan
- Application Fee
- $395
- Interest Rate (p.a.)
- From 9.99% (fixed)
- Comparison Rate (p.a.)
- 11.66%
Summary
Get competitive fixed rates and a flexible term to finance a range of vehicles with a Latitude Fixed Rate Car Loan.
If you’re looking for a vehicle loan, Latitude gives you a breadth of options. You can finance new and used cars, boats, trucks, bikes and more with a repayment plan tailored for you. Because you can customise your own loan, you can get the benefits you want with a Latitude Fixed Rate Car Loan.
Pros
-
Additional repayments without penalty
-
Finance a new or used vehicle
-
Flexible repayments
Cons
-
Monthly fee of $16.50
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$395 application fee
Details
Latitude Fixed Rate Car Loan
| Product Name | Latitude Fixed Rate Car Loan |
| Interest Rate (p.a.) | 9.99% to 29.39% |
| Comp. Rate (p.a.) | 11.66% to 30.97% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
Latitude Variable Rate Car Loan
| Product Name | Latitude Variable Rate Car Loan |
| Interest Rate (p.a.) | 9.99% to 29.39% |
| Comp. Rate (p.a.) | 11.66% to 30.97% |
| Interest Rate Type | Variable |
| Min Loan Amount | $5,000 |
Main points to consider with the Latitude Fixed Rate Car Loan
Everyone has different financial needs, so Latitude gives you options. The loan comes with a fixed rate of 9.99% p.a. and a comparison rate of 11.66% p.a. You can finance a range of vehicles and enjoy quick approval, with funds released soon after Latitude receives your signed contract and banking details.
Features of a Latitude Fixed Rate Car Loan
- Fixed rate of 9.99% p.a. Enjoy competitive fixed interest rates for a range of vehicles.
- New or used. The loan is available for both new and used vehicles.
- Any vehicle type. This type of loan is available for all motorised vehicles including cars, motorbikes, boats and caravans.
- Eligible vehicles. The vehicle you buy must meet Latitude's lending criteria, so check with Latitude before you apply if you're financing an older or classic vehicle.
- Free additional repayments. Pay back more at no extra cost and with no extra repayment fees.
- Early termination fee on fixed rate loans. If you repay a fixed rate loan in full before the end of its term, you may have to pay the early termination fee set out in your loan schedule. Latitude doesn't charge an early repayment fee on its variable rate loans.
- Flexible repayments. Choose a weekly, fortnightly or monthly repayment schedule to suit your needs.
- $5,000 minimum loan amount. Borrow a minimum of $5,000 for any vehicle. A maximum loan amount also applies.
- Specialist consultation: Latitude's specialist consultants can work with you during the process. They can help choose a loan that works for you and advise you on how to tailor it for your lifestyle and budget.
How much does the loan cost?
The following fees apply:
- $16.50 monthly account-keeping fee
- $45 late payment fee
- Early repayment fees apply when you pay off the loan and close your account before the agreed-upon time. This fee depends on your total loan value, and how early it is repaid.
How to apply for a Latitude Fixed Rate Car Loan
Applying is an easy process, which you can start by clicking the "Go to Site" link on this page. To be eligible you must:
- Be 18 or older
- Meet Latitude's lending and approval criteria, which apply to all applications
- Be able to provide ID and proof of income
When applying you will need to provide:
- Proof of identity. You must prove your age, residency and identity. This can be done with your passport, driver's licence, proof of age card with address, pensioner or Centrelink card, recent utility bills or rates notices or other identifying documentation.
- Proof of income. You must provide two of your most recent payslips or your most recent tax return or financial statement if you're self-employed.
Latitude's Car Loan offers all-in-one vehicle financing that puts you and your vehicle first. However, keep in mind that it's best to compare all your car loan options before you apply.
Compare other products from Latitude Financial Services
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