Latitude Personal Loan

Rates and Fees verified correct on September 28th, 2016

Latitude Financial Services offers a flexible Personal Loan that gives you the choice between secured and unsecured.

The Latitude 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. If you are looking for a competitive fixed rate and the option of loan protection insurance, read on to find out if this loan is right for you.

Things to consider about the Latitude Personal Loan

Product NameLatitude Personal Loan (Secured)
Interest Rate (p.a.)From 12.99% (fixed)
Comparison Rate (p.a.)14.2%
Interest Rate TypeFixed
Minimum Loan Term2 years
Maximum Loan Term7 years
Min Loan Amount$3,000
Max. Loan Amount$50,000
Application Fee$250 (Loans under $4000 - $140)
Monthly Service Fee$13
Loan SecuritySecured

Pros

  • Ability to fix your interest
  • Can use your loan for any purpose
  • Weekly, fortnightly or monthly repayments

Cons

  • High application fee of $250
  • Ongoing monthly service fee of $13
  • Early repayment fees may be charged

Funds from a Latitude Personal Loan can be used for almost anything you want. This loan comes with a fixed interest rate, repayment flexibility, the ability to make additional repayments and optional loan protection insurance. Latitude offers other types of loans if this personal loan isn’t right for you, such as car loans and debt consolidation loans.

Features of the Latitude Personal Loan

  • Fixed interest. The secured loan comes with a fixed interest rate of 12.99% p.a. while the unsecured loan comes with a fixed rate of 13.99% p.a..
  • Loan amount. This loan is for people looking to borrow a minimum of $3,000.
  • Loan term. The loan term ranges from 2 year(s) to 7 year(s), 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 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.
  • Optional loan protection insurance. If you select this loan you can choose to have optional loan protection insurance.

How to apply for the Latitude Personal Loan

If you’ve decided a Latitude 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
  • Earn an annual gross income of $24,000
  • 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 Personal Loan is an option worth considering. However, make sure to consider all your options before you decide which loan is right for you.

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This page was last modified on 12 July 2016 at 0:25.

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78 Responses to Latitude Personal Loan

  1. Default Gravatar
    islam | September 26, 2016

    i’m from egypt i can get loan ?

    • Staff
      Anndy | September 26, 2016

      Hi Islam,

      Thanks for reaching out.

      Kindly note that one of the eligibility criteria to apply for Latitude Personal loan and other loan products featured on our website is for the borrower to be a permanent Australian resident.

      Cheers,
      Anndy

  2. Default Gravatar
    peter | September 19, 2016

    What is the max i can borrow

    • Staff
      Chester | September 19, 2016

      Hello there Peter,

      Thanks for your question.

      Latitude Personal Loans allows borrowers to borrow up to $50,000 depending on your financial status and credit history. If you wish to know more if you are qaligied you may call Latitude first before submitting your application so that it wont be reflecting on your credit history.

      I hope this helops.

      Cheers!
      Chester

  3. Default Gravatar
    Nat | September 8, 2016

    Hi,

    I’am a current customer and have a personal loan, 12 months ago I went on financial hardship, am I able to refinance my loan since I was told I would have to wait 12 months.

    Thank You Nat

    • Staff
      Elizabeth | September 9, 2016

      Hi Nat,

      If Latitude advised you have to wait 12 months you may be able to apply for a personal loan if that time has elapsed. You may want to get in contact with them directly to confirm your eligibility.

      Thanks,

      Elizabeth

  4. Default Gravatar
    | August 17, 2016

    I was asked to send through some supporting docs for my application. Can you please tell me the email address?

    • Staff
      Elizabeth | August 18, 2016

      Hi Kouta,

      There is a document upload portal on the Latitude Finance website. You just need to enter your full name, application number and security code to upload your documents.

      Hope this helps,

      Elizabeth

  5. Default Gravatar
    Paul | August 10, 2016

    Hi there,
    I have a loan with you guys and have just be advised of a credit charge fee that is not in my paperwork to a value of $2145, can you explain what this fee is please

    • Staff
      Elizabeth | August 10, 2016

      Hi Paul,

      You’ve come through to finder.com.au, a financial comparison service and not Latitude Financial. You can contact its personal loans team on 1300 973 422.

      Hope this helps,

      Elizabeth

  6. Default Gravatar
    monica | July 11, 2016

    do you offer personal loans to Namibians?

    • Staff
      Elizabeth | July 12, 2016

      Hi Monica,

      Unfortunately Latitude can only consider you for a loan if you’re a current Australian resident. You’ll need to find a lender in Nambia if you’re looking for a loan.

      Sorry I couldn’t be of more assistance,

      Elizabeth

  7. Default Gravatar
    Grantley | July 6, 2016

    I am on DSP , yes do earn 24,ooo a year on the DSP , i all so have 10500 i a roller fund of which i am just be able to get access to .
    my question is , i am think of buy a caravan , travel around , live in the van full time ,
    not pay rent any more , but apply for a loan to do this to the total sum of $45,000. but i will put a $5000 deposit down ,
    so the amount i will brow will 40,000 , but will not have any other loans , or credit cards to pay .
    is this possible , if so please tell how i should go about it

    • Staff
      Elizabeth | July 6, 2016

      Hi Grantley,

      Latitude Finance may consider you for a loan as you earn the minimum income but you should contact them directly to discuss your situation.

      I hope this helps,

      Elizabeth

  8. Default Gravatar
    Craig | June 21, 2016

    I currently have a loan with GE (now Latitude) and would like to be able to log on to see my balance, etc. How can I do that?

    • Staff
      Elizabeth | June 22, 2016

      Hi Craig,

      Latitude don’t offer an online loan portal to check this information, so you can check your recent statement for your loan balance or contact Latitude directly for this information.

      I hope this helps,

      Elizabeth

  9. Default Gravatar
    steven | May 24, 2016

    Hi, I am currently on work cover and are awaiting a payout from work cover/common law as well as my insurance either income protection or my t.p.d. I have a lawyer looking after my account. I need 5500.00 to help with rent and bills.

    • Staff
      Elizabeth | May 24, 2016

      Hi Steven,

      As long as you meet the minimum eligibility criteria (outlined under the “How to apply” section above) you’re eligible. As you’re on work cover the minimum income criteria may not be met, so it would be best to contact Latitude directly. If you find you aren’t eligible you can compare some of your other loan options on this page.

      Hope this helps,

      Elizabeth

  10. Default Gravatar
    Julie | April 29, 2016

    Hi, I am on the disability pension due to several chronic illnesses including chronic pain and Parkinson’s disease recently diagnosed. I own my own home and unit under one roof on a double block of land outright with my sisterinlaw and I own my 2009 Ford Fiesta outright cash poor but asset rich and due to the past twelve months of continual visits to a variety of medical professional and a pharmacy bill ever growing I have relied on the kindness of a very dear friend to assist me when needed. Am I eligible at all for a personal loan of $2000-$3000to get me back on top of my very much drained bank account? THANK YOU for your assistance and time. JULIE

    • Staff
      Elizabeth | April 29, 2016

      Hi Julie,

      If you earn an annual gross income of $24,000 p.a. and meet the other minimum requirements listed above (credit history + residency) then you are able to apply for this loan. Keep in mind that Latitude Financial will consider your financial circumstances when deciding whether or not to approve you and when giving you an interest rate. If you find you’re not eligible, you can compare your other options on this page.

      I hope this will help,

      Elizabeth

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