Latitude Financial Services Secured Personal Loan

Apply for up to $70,000 with a secured personal loan from Latitude Financial Services.

The Latitude Financial Services Personal Loan is suitable for a range of borrowing purposes, from debt consolidation to new or used car finance, with the loan able to be either secured or unsecured. Loan amounts from $3,000 are available. Find out more about how this loan works in this review.

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From 5.99% (fixed)

Interest Rate (p.a.)

7.26%

Comparison Rate (p.a.)

$3,000

Min Loan Amount

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Details

Product NameLatitude Personal Loan (Secured)
Interest Rate (p.a.)
From 5.99% (fixed)
Comparison Rate (p.a.)7.26%
Interest Rate TypeFixed
Min Loan Amount$3,000
Max. Loan Amount$70,000
Loan SecuritySecured

Main points to consider with the Latitude Secured Personal Loan

This personal loan can be either secured or unsecured, with both coming with a fixed rate based on Latitude's risk-based pricing. The secured option comes with rates from 5.99% p.a. while the unsecured option comes with rates from 7.99% p.a.

You'll need to pay a $250 establishment fee for loans $5,000 or more, or $140 for loans under $5,000. There is also a monthly service fee of $13. Early repayment fees (detailed below) may also apply.

Features of the Latitude Financial Services Personal Loan

  • Fixed interest. The secured loan comes with a fixed interest rate from 5.99% p.a. while the unsecured loan comes with a fixed rate from 7.99% p.a.
  • Risk-based pricing. Latitude uses risk-based pricing to determine your interest rates. This means you'll be offered a rate based on your financial circumstances and the information your provide in your application.
  • Loan amount. This loan is for people looking to borrow a minimum of $3,000.
  • Loan term. The loan term ranges from 1 to 7 years, allowing you to better plan your repayments and ensure you pay back your loan on time.
  • Security. If you choose to attach security to your loan, you can guarantee a new or used car, motorbike, personal watercraft, boat, campervan or caravan. Keep in mind that at least 50% of the vehicle needs to be for personal purposes.
  • Repayment flexibility. Latitude Financial Service offers flexible repayment options with this loan. You can make weekly, fortnightly or monthly repayments and can repay through direct debit, Australia Post or BPAY.
  • Online application. You can apply for this loan online and the application process is relatively quick and easy. In most cases, you can find out if you’re approved on the same day you apply.
  • Additional repayments. You can make additional payments at any time to reduce your loan term and avoid paying extra interest costs. However, keep in mind penalties may apply if you repay your loan in full ahead of schedule. Check the fee section below for more details.

Fees to consider

The following fees apply to this loan:

  • Establishment fee: $250 establishment fee for loans $5,000 or more, or $140 for loans under $5,000
  • Monthly service fee: $13
  • Early termination fee: A $300 fee applies if you repay your loan in the first half of your loan term. You will pay $0 if you repay your loan ahead of schedule in the second half of your loan term.

How to apply for the Latitude Financial Service Personal Loan

If you’ve decided a Latitude Financial Service Personal Loan is right for you, applying online is very simple. All you need to do is click "Go to Site" and follow the link to the lender’s website to complete your application form. To apply for this loan you must:

  • Be over the age of 18
  • Be a permanent Australian resident
  • Have held a good credit history for the past five years
  • Have not declared bankrupt in the past seven years

If you meet those criteria and would like to complete your application, you will require the following documentation:

  • Proof of your identity, such as a driver’s licence, proof of age card or passport
  • Proof of income in the form of payslips or your last tax return if you're self-employed
  • Amounts you owe on loans, overdrafts, credit/store cards, as well as their limits and repayments
  • Your living expenses, including rent and/or mortgage repayments

If you’re looking for a competitive fixed rate secured personal loan, the Latitude Financial Service Personal Loan is an option worth considering. However, make sure to consider all your personal loan options before you decide which loan is right for you.

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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
loans.com.au - New and Dealer Used Car Loan
3.99% (fixed)
4.53%
$5,000
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$400
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Plenti Car Loan
From 4.89% (fixed)
5.44%
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from $249 to $799
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Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.88% (fixed)
5.23%
$2,000
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$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
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A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Credit Concierge Car Loan
From 2.99% (fixed)
4.07%
$10,000
1 to 7 years
$350
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You'll receive a fixed rate of 2.99% p.a. with a comparison rate of 4.07% p.a.
Get access to over 20 providers to fund a new or used car.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
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A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

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Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
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Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Driva Car Loan
From 2.85% (fixed)
4.39%
$2,000
1 to 7 years
$295 (Varies by lender, starting from $295)
$10
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Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
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NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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