Latitude Financial Services Personal Loan

Apply for up to $70,000 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. The loan can be either secured or unsecured. Loan amounts from $3,000 are available. Find out more about how this loan works in this review.

3 things you should know about this loan

  • Get a lower rate by attaching security. You can opt for either unsecured or secured with this loan, with a lower rate available with the secured loan. Keep in mind the rate you receive is risk-based and dependent on your risk profile.
  • Lower fees for lower loan amounts. You'll pay a $250 application fee if you apply for $5,000 or more and a $140 application fee for loans under $5,000.
  • Early repayment. You will only pay an early repayment fee if you repay the loan in the first half of your loan term.


From 7.99% (fixed)

Interest Rate (p.a.)

9.24%

Comparison Rate (p.a.)

$3,000

Min Loan Amount

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Details

Product NameLatitude Personal Loan (Unsecured)
Interest Rate (p.a.)
From 7.99% (fixed)
Comparison Rate (p.a.)9.24%
Interest Rate TypeFixed
Min Loan Amount$3,000
Max. Loan Amount$70,000
Loan SecurityUnsecured

Main points to consider with the Latitude 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 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.

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: If you repay your loan in full in the first half of your loan term you will have to pay a $300 fee. This fee drops to $0 if you repay your loan in the second half of your loan term.
  • Late payment fee. You'll need to pay $35 when you're unable to make the minimum repayment on your predetermined due date.

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.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
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 variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$5,000
3 to 7 years
$0 to $649
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 31 January 2022.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
Alex Bank Personal Loan

From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 4.99% p.a. to 14.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 26 January 2022.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
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.
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
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance No Fee Unsecured Personal Loan for home improvement by 31 December 2021 for a chance to win a $2,000 Bunnings gift card.
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before 31 December 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

⭐Special Offer: Secure a reduced interest rate of 8.99% p.a. if you apply and get approved by 15 December 2021. Apply for up to $50,000 to use for a variety of purposes without needing to add security.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Wisr Personal Loan ($5,000 to $30,000)

From 6.49% (fixed)
6.49%
$5,000
3 to 7 years
$0 - Waived Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 31 December 2021. T&Cs apply.
Wisr Personal Loan ($30,001 to $64,000)

From 6.49% (fixed)
7.11%
$30,001
3 to 7 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 10.50% p.a. with a comparison rate of 11.38% p.a. if you're approved. Note: This rate may vary during the loan term.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.

⭐Special Offer: Secure a reduced interest rate of 10.50% p.a. if you apply and get approved by 15 December 2021. Apply for up to $50,000 to use for a variety of purposes without needing to add security.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$5,000
1 to 3 years
$0 to $649
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable 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 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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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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96 Comments

    Default Gravatar
    Robyn
    June 24, 2017

    How often will I receive my statement?

      Default Gravatar
      Jonathan
      June 25, 2017

      Hi Robyn!

      Your statement will be depending on the repayments. You can opt to make it weekly, fortnightly or monthly.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    Wayne
    June 13, 2017

    I am currently receiving disability support pension. I have no debt and pay $125 per week in rent including utilities. Would I qualify for a $10,000.00 loan over 5 years?

      Default Gravatar
      Jonathan
      June 14, 2017

      Hi Wayne!

      Thanks for the comment. Kindly read over the eligibility below:

      Latitude Personal Loan

      At a minimum, you will need to:

      • have a regular income,
      • be an Australian Permanent Resident,
      • be at least 18 years of age.

      Other credit and approval criteria will apply depending on your situation.

      Latitude Low Rate Personal Loan

      At a minimum, you will need to:

      • be a homeowner or have a mortgage,
      • borrow a minimum of $20,000,
      • be a new Latitude personal loan customer,
      • have an excellent credit history,
      • have a regular income,
      • be an Australian Permanent Resident
      • be at least 18 years of age.

      Other credit and approval criteria will apply depending on your situation. In most cases, you can expect to receive a decision on your loan application in 1-2 working days.

      Alternatively, you may also check our page about pensioner loans to learn more about how you can get your needed funding.

      Hope this helps.

      Cheers,
      Jonathan

    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

    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

      Avatarfinder Customer Care
      Dee
      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.

      If this interests you, you can compare car loans and personal loans through our website. Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.

      Cheers,
      Anndy

    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

      Default Gravatar
      Arnold
      April 12, 2017

      Hi Peter,

      Thanks for your inquiry. I’m sorry to hear about the problem you’re having. I can just imagine how tough life is for you right now.

      Just wanted to let you know though that we are not your provider. You have reached Finder, a comparison website.

      Regarding your question, your options might be limited as you mentioned you have a bad credit history plus you have limited resources. As this might be the case, you may want to check the bad credit car loans featured on our website. If you wish to increase your chance of approval, you may look for a guarantor or use an asset to serve as a security.

      I would also suggest for you to contact your banks to apply for the loan so that you can explain your circumstances.

      Hope this information helped.

      Cheers,
      Arnold

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