based on 947 Latitude banking 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 9 August 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Fixed, Secured)

7.75% p.a.to 26.99% p.a.

8.65% p.a.to 30.22% p.a.based on $30,000
over 5 years

$395

Car Loan (Variable, Secured)

5.75% p.a.to 25.99% p.a.

6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years

$395

Personal Loan (Fixed) (Unsecured)

7.75% p.a.to 26.99% p.a.

8.65% p.a.to 30.22% p.a.based on $30,000
over 5 years

$299

Personal Loan (Variable)

5.75% p.a.to 25.99% p.a.

6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years

$299

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 

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: 

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

216 Reviews

Recent Latitude personal loan reviews

Latitude Personal Loan
Overall 1/10
Do not trust Latitude Finance.

Latitude finance is an absolute disgrace. Do not use these guys for any of your loans or financial needs. Sneaky underhanded tactics to get more money out of you in any way they possibly can. Had to learn this the hard way. Don't make the same mistake I did, stay clear of these guys, they have no problem ruining you financially & lack any moral compass or ethical standard.

Read full review

Latitude finance is an absolute disgrace. Do not use these guys for any of your loans or financial needs. Sneaky underhanded tactics to get more money out of you in any way they possibly can. Had to learn this the hard way. Don't make the same mistake I did, stay clear of these guys, they have no problem ruining you financially & lack any moral compass or ethical standard.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Tim, Queensland, reviewed 2 months ago
Latitude Personal Loan
Overall 1/10
Rip off

Very disappointing service. My wife paid her account down to zero and asked for the account to be closed. She has now been charged $61 in various fees and the account hasn’t been shut. I will be taking this to social media and the banking ombudsman.

Read full review

Very disappointing service. My wife paid her account down to zero and asked for the account to be closed. She has now been charged $61 in various fees and the account hasn’t been shut. I will be taking this to social media and the banking ombudsman.

Price
1/10
Features
3/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Seamus, Queensland, reviewed 8 months ago
Latitude Personal Loan
Overall 1/10
Terrible Customer Service.

I've been trying to apply for a loan for over a week, applied online, my screen says 'thank you for applying we'll be in contact' and I've called multiple times and just keep getting hung up on. The issue is that my screen says I've applied but my application hasn't actually gone through for some reason. I've FINALLY managed to get through to someone and they don't even know how to fix my issue. I've been told they will call back, but last time I was told that no one ever actually rang me back. Extremely frustrating process.

Read full review

I've been trying to apply for a loan for over a week, applied online, my screen says 'thank you for applying we'll be in contact' and I've called multiple times and just keep getting hung up on. The issue is that my screen says I've applied but my application hasn't actually gone through for some reason. I've FINALLY managed to get through to someone and they don't even know how to fix my issue. I've been told they will call back, but last time I was told that no one ever actually rang me back. Extremely frustrating process.

Customer service
1/10
Convenience
1/10
Less
Sabrina, Queensland, reviewed 8 months ago
Latitude Unsecured Personal Loan
Overall 1/10
Poor service 0 transparency high interest rates

Mistakes often made with customer service information, refusing to provide details regarding total payments, no online access to account or transaction/statement history. Would not recommend.

Read full review

Mistakes often made with customer service information, refusing to provide details regarding total payments, no online access to account or transaction/statement history. Would not recommend.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Mark, Queensland, reviewed 10 months ago

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