Latitude Financial Services Personal Loan

Rates and fees last updated on

Apply for up to $3,000 and choose from a secured or unsecured loan option.

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.

Main points to consider with the Latitude Personal Loan

Product NameLatitude Personal Loans (Unsecured)
Interest Rate (p.a.)From 13.99% (fixed)
Comparison Rate (p.a.)15.2%
Interest Rate TypeFixed
Min Loan Amount$3,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Pros

  • Apply online and receive your funds today
  • Funds can be used for any purpose
  • Make weekly, fortnightly or monthly repayments

Cons

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

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 12.99% p.a. while the unsecured option comes with rates from 13.99% p.a..

You'll need to pay a $250 establishment fee, or $140 for loans under $4,000. There is also a monthly service fee of $13.

Features of the Latitude Financial Services Personal Loan

  • Fixed interest. The secured loan comes with a fixed interest rate from 12.99% p.a. while the unsecured loan comes with a fixed rate from 13.99% 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 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 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.
  • Optional loan protection insurance. If you select this loan you can choose to have optional loan protection insurance.

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 options before you decide which loan is right for you.

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This page was last modified on 12 April 2017 at 3:54pm.

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92 Responses to Latitude Financial Services Personal Loan

  1. Default Gravatar
    Kat | April 24, 2017

    Hi,
    Does Latitude Finance accept joint applications for a Personal Loan when one person works full time (same company for 8 years) and the other applicant is on New Start Centrelink.
    Thanks

    • Staff
      Anndy | April 25, 2017

      Hi Kat,

      Thanks for your question.

      Latitude Financial Services accepts joint loan application, subject to eligibility criteria listed above.

      You may also check this page to compare other personal loans that allow for joint applications.

      Cheers,
      Anndy

  2. Default Gravatar
    joe | April 16, 2017

    Hi, I am 18 years old turning 19 soon and I have never applied for any credit checks. I work full time and I earn $75,000 a year. Would I be able to get a car loan or a person loan

    • Staff
      Anndy | April 16, 2017

      Hi Joe,

      Thanks for your question.

      Generally lenders require borrowers to be at least 18 years old and with good credit rating. You can check your credit score for free on this page.

      You can compare car loans here and personal loans on this page.

      Cheers,
      Anndy

  3. Default Gravatar
    Peter | April 11, 2017

    Hi I am an existing client who went through a tough time because of floods and unemployment.
    I have been working full time again for 5 1/2 years.
    I currently have a company car that I will lose in June I receive an $1100 monthly car allowance but my credit score is poor because of my rough patch. You have contacted me in the past offering more money and I have declined. I have a rental property and farm I have not missed a payment on or with you. Would I still be eligible to borrow 15,000 or 20,000 to purchase a vehicle for work . I will receive an extra $1100 or 1200 each month on top or my salary. Or would my credit score dictate what happens? Thank Peter

    • Staff
      arnold.salas@findercrew.com | April 12, 2017

      Hi Peter,

      Thanks for your inquiry.

      I would suggest for you to contact your banks to apply for the loan so that you can explain your circumstances.
      If you would like to check an option I found that might help you, please click here.

      Hope this information helped.

      Cheers,
      Arnold

  4. Default Gravatar
    Zaeem | March 21, 2017

    If I pay my loan early, then how much penalty would be charged

    • Staff
      May | March 21, 2017

      Hi Zaeem,

      Thank you for your inquiry.

      With the Latitude Personal Loans, you’ll be charged an early termination fee of up to $750 if you pay the loan out early.

      Cheers,
      May

  5. Default Gravatar
    iain | February 8, 2017

    i receive a disability pension [about 22,000 a year] and i need a replacement car [my old one is costing too much money to maintain-repair] i have teed up a 2004 BA falcon ute on gas that the man will sell to me for $1000 [car valued at $2500+] i can repair-prepare for roadworthy though the help of friends [was roadworthied 6 mths ago] by calling favors of a lot of the friends i have helped over the years ,i wonder what the repayment rate and eligibility things would be [i would only need a$1000 as I can raise the rest]
    thank you very much yours sincerely IAIN

    • Staff
      May | February 8, 2017

      Hi Iain,

      Thank you for your inquiry.

      You may discuss your loan options and approval with a lender listed on this page. Make sure you’ve reviewed the criteria and if want to know what possible terms and repayments available for you, please get in touch with the lender directly.

      Hope this helps.

      Cheers,
      May

  6. Default Gravatar
    Billy | November 22, 2016

    hi
    I am a casual ,contractor working 38+ hours a week ,my annual salary is $90000 per annum, I have been working for the company for 3 months to date and going permanent in March 2017.

    But In the mean time I would like to apply for a loan of $30,000 I have been given an unique opportunity to purchase something now and I can afford the monthly repayments

    can I apply ?

    • Staff
      Anndy | November 22, 2016

      Hi Billy,

      Thanks for reaching out.

      Please note that we are finder.com.au, a financial comparison and information website that helps users make better decisions. We are not Latitude Financial Services.

      On the eligibility criteria to apply for Latitude personal loan, the requirement is for you to have a proof of income in the form of payslips. You may or may not qualify for this loan depending on Latitude’s assessment of your overall financial status. You may want to directly get in touch with them and enquire of your chance of approval.

      Cheers,
      Anndy

  7. Default Gravatar
    tracey | October 12, 2016

    HI
    Can you please tell me if I can apply for a loan to consolidate debt but use my car as security to guarantee the loan?
    Thanks

    • Staff
      Elizabeth | October 12, 2016

      Hi Tracey,

      Yes, you’re able to use your car as security yet still use the loan to consolidate debt. When the loan is secured you’ll receive a lower interest rate.

      Hope this helps,

      Elizabeth

  8. 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

  9. 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 qualified you may call Latitude first before submitting your application so that it wont be reflecting on your credit history.

      I hope this helps.

      Cheers!
      Chester

  10. 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

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