It’s easy to see why Alec Baldwin is the big celebrity behind Latitude’s marketing for its Low Rate Personal Loan, where the standout feature is a competitive fixed rate starting from the 10.99% mark. And the best part is, as this loan is unsecured, no collateral is required to nab the competitive rate.
Latitude offers a set weekly, fortnightly or monthly repayment frequency to choose from (as well as which day of the week due dates fall on). But that’s not to say you can’t go ahead and make repayments more frequently. Just be mindful that the Latitude Low Rate Personal Loan doesn’t come with a redraw facility.
Contracts range from 2 to 7 years, and like other fixed rate loans in the market early loan repayment fees apply in the first half of your loan term.
Latitude’s Low Rate Personal Loan is for borrowers who haven’t taken out a loan for personal use with the provider before, and eligibility also requires the applicant owns a home or has a mortgage. Ongoing monthly costs and an application fee applies.
Who it's good for:
The Latitude Low Rate Personal Loan (unsecured option) is suited to Aussies in need of $20,000 or more to help fund their dreams.
Latitude only offers this loan to Aussies who haven’t taken out a personal loan with them before. And even though Latitude’s Low Rate Personal Loan is unsecured, to be eligible for it you’ll need to be a homeowner or have a home loan in your name.