The details shown below are for a fixed loan of at least $5,000

The details shown below are for a fixed loan of at least $5,000

Choose the version of this loan that suits you best

  • Loan: $5,000

  • Loan: $5,000

Interest rate from
6.99% p.a.
Comparison rate from
8.10% p.a.based on $30,000
over 5 years
Upfront fee
$295
Interest rate from
9.99% p.a.
Comparison rate from
11.08% p.a.based on $30,000
over 5 years
Upfront fee
$295

Mozo editorial review Latitude Car Loan

Last updated: 13 July 2020.

binocular icon
What's hot
  • Competitively low rates from 6.99% (8.10% comparison rate*)
  • Choice of loan repayment schedule
  • Preloved vehicles are eligible
What's not
  • $295 signup fee
  • Early termination costs may apply
Mozo snapshot

Want a car loan with an interest rate on the lower end of the scale? With fixed rates starting from 6.99% (8.10% comparison rate*), a Latitude loan could help you get from A to B in a new or preloved vehicle.

key icon
Key features

The Latitude Car Loan is designed to help customers purchase a new or preloved vehicle, whether it’s a motorbike, car or boat. 

Rates start from 6.99% (8.10% comparison rate*) and are determined by what you put up as security. If your vehicle is less than three years old, you are a homeowner or mortgage holder and you are employed full time (with the same employer for at least 18 months), you'll be eligible for the low 6.99% fixed rate (8.10 comparison rate*). However, if you do not meet those requirements you will receive the 9.99% fixed rate (11.08% comparison rate*) on your loan. 

Some providers offer car loans exclusively to those after a brand new ride. But the good news is if you go for the Latitude Car loan, preloved vehicles aged up to 15 years at end of loan can also get approved.

Latitude is flexible about the loan repayment structure too. As a customer you’re able to choose between a weekly, fortnightly or monthly repayment schedule, as well as the day of the week repayments are due. But while cutting down debt faster in the form of additional repayments is fee-free, there isn’t a redraw facility and fees may kick in if you finalise your loan before required.

Car loans by Latitude generally start from $5k, although they can be lower when used to buy other vehicles such as motorbikes. Loan terms range from 1-7 years, and spare some room in your budget for those $10 monthly admin fees. You’ll also need to consider the upfront cost of taking out the loan and securing your vehicle which is $295.
snapshot
Who is it good for

Borrowers looking for a car loan with set loan repayments thanks to the fixed interest rate and the ability to purchase a preloved vehicle with it too.

snapshot
Any catches

You can be charged up to $750 in early termination fees for clearing your debt in the first half of your loan term.

Details

Rates and fees information correct as at 26 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 6.99% p.a. fixed

  • 8.10% p.a.based on $30,000
    over 5 years

Fees
  • $295.00

  • $10.00

  • $40.00

  • $0.00

  • $750 for loans over $12,000 otherwise 6.25% pro rata

Other financial bits
  • $5,000.00

  • none

  • 1 Year

  • 7 Years

  • Various

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Details

Rates and fees information correct as at 26 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 9.99% p.a. fixed

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

Fees
  • $295.00

  • $10.00

  • $40.00

  • $0.00

  • $750 for loans over $12,000 otherwise 6.25% pro rata

Other financial bits
  • $5,000.00

  • none

  • 1 Year

  • 7 Years

  • Various

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Customer Reviews

How are Latitude personal loans rated by the Mozo community?

Overall
4.7/10
Price
4.1/10
Features
4.3/10
Customer service
5.4/10
Convenience
4.8/10
Trust
4.9/10

Latest reviews of Latitude Car Loan

  • Overall 10/10
    Excellent for car/personal loans.

    Competitive interest rate if you have excellent credit rating.

    Read full review

    Competitive interest rate if you have excellent credit rating.

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    5/10
    Trust
    8/10
    Less
    Paul, New South Wales reviewed 3 months ago
  • Overall 9/10
    Straightforward fast procedure with great service

    Pros: trust created from the application stage, time frames given, friendly customer service, no hidden fee's, straightforward easy to understand procedure, One visit to sign contracts and documents could be sent online. cons- not the greatest interest rates and establishment fees

    Read full review

    Pros: trust created from the application stage, time frames given, friendly customer service, no hidden fee's, straightforward easy to understand procedure, One visit to sign contracts and documents could be sent online. cons- not the greatest interest rates and establishment fees

    Price
    8/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ge, New South Wales reviewed almost 5 years ago
  • Overall 9/10
    good

    Good

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Justin, Victoria reviewed over 5 years ago
  • Overall 7/10
    I recommend GE Money to anyone

    GE Money is always keeping in touch, and ensuring I pay my loan off quickly.

    Read full review

    GE Money is always keeping in touch, and ensuring I pay my loan off quickly.

    Price
    7/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Amanda, New South Wales reviewed over 6 years ago
  • Overall 6/10
    Easy to secure car loan and good customer service

    While the loan was easy to secure and good customer service has been received, the higher interest rate is a detractor.

    Read full review

    While the loan was easy to secure and good customer service has been received, the higher interest rate is a detractor.

    Price
    5/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Mozo community reviewer, New South Wales reviewed over 7 years ago
Latitude

About Latitude

Latitude positions itself as an alternative to the "Big 4" banks in Australia and offer banking products and services with a focus on convenience and customer service. Latitude provides personal insurance and loans, financing options and credit cards.

See Latitude personal loans

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.49% p.a.to 8.99% p.a.

6.84% p.a.to 9.34% p.a.based on $30,000
over 5 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.

$0.00

Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.49% p.a.to 8.99% p.a.

6.84% p.a.

$0.00

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.

$0.00

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.

$0.00

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.

$0.00

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

6.45% p.a.to 26.99% p.a.

6.45% p.a.

$0.00

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.

$10.00