Latitude Low Rate Personal Loan (Secured)
Borrow from $20,000 up to $70,000 with terms up to 7 years. Interest rates are fixed, and application and monthly fees apply.
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Important Information
Latitude Financial Services has changed their personal loan offering. This personal loan is no longer offered however you can find their secured and unsecured personal loans below.
Main points to consider about the Latitude Financial Services Low Rate Personal Loan
The Low Rate Secured Personal loan from Latitude Financial Services comes with a $20,000 minimum loan amount and low rates. You need to be a homeowner or a mortgage holder to apply and the loan comes with a competitive fixed interest rate of 9.99% p.a. for the secured personal loan option and a application fee.
You'll have between 1 and 7 years to repay the loan. If you repay your loan ahead of schedule, a fee may apply. Check the fee section below for how this works.
Features of the Latitude Low Rate Secured Personal Loan
- 9.99% p.a. fixed rates. Enjoy a fixed rate of 9.99% p.a. (11.22% p.a. comparison rate), helping you to plan better with consistent repayments and a competitive rate.
- Borrow over $20,000. This low interest loan has a minimum borrowing sum of $20,000 and maximum loan amount of $70,000.
- 1 and 7 years loan term. Choose to repay your loan over the course of 1 and 7 years. Because these low rate loans are designed to be an effective all-in-one option, they have a wide range of loan terms suitable for most circumstances.
- Flexible repayment options. Choose weekly, fortnightly or monthly repayments.
- Early repayment. You're able to repay the loan off in the last six months of your loan term with no penalty. Keep in mind an early repayment fee will apply if you repay it in earlier than this (see the fee section for more information).
- Fast approval. Depending on your circumstances, you can expect to receive funds the next day, or within two business days.
Fees you should consider
- Application fee:
- Monthly fee: $13
- Early repayment fee: If you repay you loan off in full in the first half of your loan term you will be charged $300. This fee drops to $0 if you repay your loan ahead of schedule in the second half of your loan term.
- Late repayment fee: $35.
How to apply for the Latitude Low Rate Personal Loan
To apply, simply click "Go to Site" on this page to be securely redirected to Latitude's website.
This product is available to homeowners, mortgage holders and new personal loan customers only. Other than this, you are eligible if:
- You're 18 or older
- You're a permanent Australian resident
- You have had excellent credit history over the last five years
- You haven't been bankrupt in the last seven years
To apply you will need:
- An Australian driver's license if you have one, or other personal identification if you don't.
- Your current employment details, including two recent pay slips or your tax return if you're self-employed.
- Details of any outstanding debt you may have including store credit cards, overdrafts, other loans and anything else.
- Details of your living expenses, including rent and mortgage payments if applicable.
If you're tired of dealing with different financing plans for your house, car and business and wish you could roll them all into one personal loan with good rates, then Latitude may be an option for you to consider. If you're having trouble finding an unsecured loan with competitive terms, then check out what Latitude has to offer.
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