The great thing about Latitude’s unsecured Personal Loan is you don’t need an asset like a vehicle to sign that dotted line, making the whole application process that little bit easier.
Latitude Personal Loan amounts can start from as little as $3,000, and there’s no limit on how much you can apply for. Another plus is that you can choose your billing cycle and the actual day you’re expected to make repayments (aka making it easy to time it with when your employer pays you).
One potential downfall with this loan is that you can’t access extra repayments through a redraw facility. But then again, that might be a good thing if you need the discipline to cut down that debt.If you really hit the extra repayments hard and pay your balance off in the first half of your loan term, there is a $300 early termination fee to consider. The good news is that you don’t get charged a fee for paying off your loan in the second half of your agreed term.
Who it's good for:
Customers after a flexible personal loan, with a fixed rate attached for repayment stability over the loan term.
If your credit score isn’t in good shape, it’s worth keeping in mind that while interest rates for this loan start at 13.99% they can be as high as 29.99%.