based on 1006 Latitude product reviews as rated by Mozo community

Latitude personal loans

Latitude Financial Services has plans to be the best independent financial services in Australia and New Zealand, so if you are looking for a new personal loan you can check out its loan products here. Latitude Financial Services currently only offers fixed rate loans, so if you’re after a variable rate option check out our personal loan comparison tools and compare the market.

Latitude offers the following personal loans

Rates and fees verified as correct at 13 April 2024. Other information correct at the time of writing. Advertiser disclosure.
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
over 5 years

$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
over 5 years

$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
over 5 years

$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
over 5 years

$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
over 5 years

$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
over 5 years

$395.00

What personal loans does Latitude offer? 

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). 

Latitude personal loan features at a glance 

  • 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. 

How do I apply for a Latitude personal loan?  

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

How are Latitude personal loans rated?

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.

Icon of personal-loans
Latitude personal loans
Overall
Price
Features
Customer service
Convenience
Trust

223 Reviews

Recent Latitude personal loan reviews

Latitude Personal Loan
Overall 1/10
Latitude is fraud

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 review

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

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Victoria, Victoria, reviewed 5 months ago
Latitude Personal Loan
Overall 1/10
Latitude are horrible to deal with...

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 review

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 ....

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Beverly, South Australia, reviewed 9 months ago
Latitude Personal Loan
Overall 1/10
Stay away

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 review

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.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Marni, Queensland, reviewed 11 months ago
Latitude Personal Loan
Overall 1/10
Horrible customer service

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 review

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..

Price
2/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Allen, Victoria, reviewed 12 months ago
See all personal loan reviews
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