based on 930 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 20 September, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Over 3 years old, Fixed, Secured)

9.99% p.a.

11.08% p.a.based on $30,000
over 5 years

$395

Car Loan (Under 3 years old, Fixed, Secured)

5.99% p.a.

7.24% p.a.based on $30,000
over 5 years

$395

Personal Loan (Fixed, Secured)

5.99% p.a.to 21.99% p.a.

7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years

$250

Personal Loan (Fixed, Unsecured)

7.99% p.a.to 22.99% p.a.

9.24% p.a.to 24.15% p.a.based on $30,000
over 5 years

$250

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. 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

211 Reviews

Recent Latitude personal loan reviews

Latitude Unsecured Personal Loan
Overall 10/10
Honest Financial Assistance

Latitude are an honest, open and communicative financial company. After my recent experience, I can only recommend them to everybody who requires secure financial assistance speedily!!

Read full review

Latitude are an honest, open and communicative financial company. After my recent experience, I can only recommend them to everybody who requires secure financial assistance speedily!!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
5/10
Trust
10/10
Less
Christopher, New South Wales, reviewed 12 days ago
Latitude Secured Personal Loan
Overall 1/10
LATITUDE MOTORS SUCK

Never deal with latitude motors !!!!!! Not only are they rude but if they don't want to deal with your issue they will hang up on you and you have to wait again with your call waiting up to 30 minutes. You don't receive statements and when you ask for one promised 24 to 48 hours you still don't get it. They have poor communication skills and take your money even when your loan is paid off. They need to be taken to a current affair as the department of fair trading does nothing. They promise phone calls, emails and statements and nothing comes from it after you hang up the phone. Do not waste your time.

Read full review

Never deal with latitude motors !!!!!! Not only are they rude but if they don't want to deal with your issue they will hang up on you and you have to wait again with your call waiting up to 30 minutes. You don't receive statements and when you ask for one promised 24 to 48 hours you still don't get it. They have poor communication skills and take your money even when your loan is paid off. They need to be taken to a current affair as the department of fair trading does nothing. They promise phone calls, emails and statements and nothing comes from it after you hang up the phone. Do not waste your time.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Melanie, New South Wales, reviewed 2 months ago
Latitude Personal Loan
Overall 10/10
Excellent company to deal

So very helpful and helped me a lot

Read full review

So very helpful and helped me a lot

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Alice, Victoria, reviewed 7 months ago
Latitude Unsecured Personal Loan
Overall 1/10
Dissapointing

Rude customer service. Bombarded you with information, and a lot of it is hidden in contracts. They won't give you the information you need, simply refer you back to the loan documents later. From $276 i pay a month, only about $40 goes to the loan (Remainder is interest). They charge $1.50 per transaction when you try and pay early. When i stated I would go to the ombudsman for being penalized in relation to making additional payments - was advised to "go right ahead, its in your contracts" - they fail to advise you anything else at the time you ask questions. I was also cut off from emailing " If you need anything else jump on the support page or call". Avoid at all costs, and speak to financial planners prior to accepting any loans with these guys

Read full review

Rude customer service. Bombarded you with information, and a lot of it is hidden in contracts. They won't give you the information you need, simply refer you back to the loan documents later. From $276 i pay a month, only about $40 goes to the loan (Remainder is interest). They charge $1.50 per transaction when you try and pay early. When i stated I would go to the ombudsman for being penalized in relation to making additional payments - was advised to "go right ahead, its in your contracts" - they fail to advise you anything else at the time you ask questions. I was also cut off from emailing " If you need anything else jump on the support page or call". Avoid at all costs, and speak to financial planners prior to accepting any loans with these guys

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Hayley, Western Australia, reviewed 8 months ago

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