5 ways you can use a personal loan that you may not have realised
Personal loans aren't just for cars and boats. With Latitude, you can get a loan to cover all sorts of situations.
Sponsored by Latitude. Get a personalised rate on a personal loan in just 2 minutes without impacting your credit score. To find out more, visit the Latitude website today.
Life is full of expenses. Some of them expected, and some of them seemingly out of the blue.
The good news is that personal loans can be a useful financial tool to help out in many of these situations.
Today, we're taking a look at some of the ways you can use a Latitude Personal Loan.
Currently, Latitude is also waiving the establishment fee on approved personal loans. This can save you hundreds of dollars, while also helping you get the loan you need.
1. Your wedding
Saving for your big day can take a long time and even after you've saved, unexpected expenses often arise throughout the process.
So if you're looking to fund the wedding of your dreams or simply need to make up the difference in cost, you can opt for a personal loan.
You can find out more about applying for a personal loan for your wedding on the Latitude website.
2. Travel
Whether you're planning to travel solo or are booking a holiday for the whole family, a personal loan can be an effective way to fund a trip.
Latitude offers personal loans for travel.
So if you've got the right budgeting in place, now might be the right time to take that trip you've always wanted!
3. Debt consolidation
One of the trickiest things about debt can be having to juggle multiple repayments across multiple interest rates.
Struggling to keep up can lead to a debt cycle being perpetuated.
Everyone's situation is different. But in some circumstances, a personal loan can help you streamline existing debt.
Only needing to manage a single payment and interest rate can sometimes be a better way to pay things off.
It's important to note that debt consolidation can impact your credit rating for a period of time. However, you can rebuild it by demonstrating your ability to make regular repayments.
4. Medical expenses
Australia offers universal healthcare via Medicare. But there are still occasions where it is necessary or simply more prudent to opt for a private, paid option.
With Latitude, you're able to get a loan for medical expenses for a variety of reasons, including:
- Audiology services
- Bariatric surgery
- Cosmetic surgery
- Dental/Orthodontics
- ENT surgery
- Hair restoration surgery
- Laser hair treatment
- Laser eye surgery
- Obstetrics
- Orthopaedics
- Sleep apnea treatment
And your furry friends haven't been left out, either! You're also able to get a personal loan to cover veterinary care for your pet.
5. Home improvements and renovations
Many homeowners look to draw on their equity (or refinancing) when they're thinking about renovations or general home improvements.
But this isn't always possible or desirable. In such instances, a personal loan can be a helpful alternative.
A home renovation loan from Latitude can assist in making a range of improvements. From minor home repairs to significant renovations, it's a personal loan designed to cater to a range of needs.
💵 Latitude fact! Funds are released within 24 hours of receiving your signed contract and banking details.
Find out more about personal loans with Latitude today
Sponsored by Latitude. Get a personalised rate on a personal loan in just 2 minutes without impacting your credit score. To find out more, visit the Latitude website today.