Product | Interest rate from | Comparison rate from | Upfront fee |
---|---|---|---|
Car Loan (Fixed, Secured) |
9.49% p.a.to 29.99% p.a. |
10.93% p.a.to 31.83% p.a.based on $30,000 |
$395.00 |
Car Loan (Variable, Secured) |
9.49% p.a.to 29.99% p.a. |
10.93% p.a.to 31.83% p.a.based on $30,000 |
$395.00 |
Personal Loan (Fixed) (Unsecured) |
9.49% p.a.to 29.99% p.a. |
10.93% p.a.to 31.83% p.a.based on $30,000 |
$395.00 |
Personal Loan (Fixed) (Secured) |
9.49% p.a.to 29.99% p.a. |
10.93% p.a.to 31.83% p.a.based on $30,000 |
$395.00 |
Personal Loan (Variable) (Unsecured) |
9.49% p.a.to 29.99% p.a. |
10.93% p.a.to 31.83% p.a.based on $30,000 |
$395.00 |
Personal Loan (Variable) (Secured) |
9.49% p.a.to 29.99% p.a. |
10.93% p.a.to 31.83% p.a.based on $30,000 |
$395.00 |
Personal Loan
With a Latitude personal loan you can borrow money for just about any personal reason such as a wedding, holiday, home reno or buying that dream Winnebago. If you have an asset to secure the loan against, you will be offered a secured loan. Unsecured loans are also available but the interest rate you’ll be required to pay is higher than a secured loan.
On all Latitude personal loans we compare on Mozo, you’ll get a fixed interest rate for the loan term. This can be great to help with budgeting payments month to month but it can mean that if interest rates drop over your loan term that you won’t get the benefit of lower repayments, which you would get with a loan on a variable interest rate.
Like most personal loans you’ll be up for a loan establishment fee - in this case it is based on your credit score, ranging from 0% to 5%. Monthly fees are also payable for the duration of the loan. As you’ll be on a fixed interest rate with a Latitude personal loan, if you decide to pay out your loan early you will be up for some early exit fees. The amount you’ll pay will depend on how much time is left on the loan. This is why it is a really good idea when first considering to take out a loan you choose a loan term that will enable you to pay off the loan in the quickest time possible for your budget.
Car Loan
Latitude also offers two car loan options: one for vehicles under 3 years old and vehicles above 3 years old. The features and fees are very similar, with fixed rates available and the same loan terms. However, the loan minimum is slightly higher and the fees are a bit different (with the application fee a bit higher and the monthly fee a tad lower than the personal loan offering).
Loan terms: For both Latitude personal loans and car loans the minimum loan term is 1 year and the maximum is 7 years.
Loan amounts: There isn’t a set maximum loan amount that Latitude restricts to but the amount of money you’ll be able to borrow will depend on your personal financial circumstances. Just be aware that if you are borrowing less than $5,000 for a loan, you’ll need to choose an alternative lender as these are the minimum borrowing amounts for Latitude.
Repayments: The good news is that with Latitude Financial Services you get to choose how frequently you make your loan payments not them. You’ll get the option to make weekly, fortnightly or monthly repayments. Plus there is the option to make extra repayments as well.
Here’s the list of key things you’ll need to be approved for a Latitude loan:
You will need to be at least 18 years old
a permanent resident of Australia
demonstrate a good credit history for the last 5 years
be free from bankruptcy for the last 7 years
Mozo users have rated Latitude personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
Don’t go for this loan they have very loud hidden fees and at the end you will end up paying way more than you borrowed almost more than double we paid
Read full reviewDon’t go for this loan they have very loud hidden fees and at the end you will end up paying way more than you borrowed almost more than double we paid
I will never recommend this company to any one ... experience with them is so bad they pass you around so many people to deal with an issue I've called back for the last 2 months ..no one can answer my questions why do you work there if you have no idea what's happening...3 very high interest charges in one month totally nearly $1000 plus my normal month interest charged...they refuse to reverse these charges and keep hanging up on me ....I've constantly been stressed over this issues but they have added to my loan and my figure is never been reduced I owe more than I borrowed...please see other places for your credit as Latitude are so horrible experience to deal with ....No one has responded yet again I waited over 2 hours today to get hung up on ....
Read full reviewI will never recommend this company to any one ... experience with them is so bad they pass you around so many people to deal with an issue I've called back for the last 2 months ..no one can answer my questions why do you work there if you have no idea what's happening...3 very high interest charges in one month totally nearly $1000 plus my normal month interest charged...they refuse to reverse these charges and keep hanging up on me ....I've constantly been stressed over this issues but they have added to my loan and my figure is never been reduced I owe more than I borrowed...please see other places for your credit as Latitude are so horrible experience to deal with ....No one has responded yet again I waited over 2 hours today to get hung up on ....
Horrific service. Stay away I have never been more disgusted by a company. They were supposed to take $150 from my account. Due to their error they took $150 THREE TIMES. They "apologised" but are unable to fix it until next week. I spent 1.5 hours on the phone to them, just to be put through to a message bank and disconnected! You think they would have the decency to call me back? But no. I had to call back, wait 40 mins and go through the whole story again. No one in the call centre speaks any English. Be warned. Stay away.
Read full reviewHorrific service. Stay away I have never been more disgusted by a company. They were supposed to take $150 from my account. Due to their error they took $150 THREE TIMES. They "apologised" but are unable to fix it until next week. I spent 1.5 hours on the phone to them, just to be put through to a message bank and disconnected! You think they would have the decency to call me back? But no. I had to call back, wait 40 mins and go through the whole story again. No one in the call centre speaks any English. Be warned. Stay away.
As a once’s long term customer i will no longer have any dealings with latitude they have horrible customer service absolutely terrible experience.. many fees long term I would suggest shopping around for personal loans as there are many better options available. With much lower rates & add on costs..wouldn’t recommend..also since the cyber attacks they have a lot to answer for with customer care & assistance during this period..
Read full reviewAs a once’s long term customer i will no longer have any dealings with latitude they have horrible customer service absolutely terrible experience.. many fees long term I would suggest shopping around for personal loans as there are many better options available. With much lower rates & add on costs..wouldn’t recommend..also since the cyber attacks they have a lot to answer for with customer care & assistance during this period..