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Latitude Personal Loan

Advertiser disclosure

The details shown below are for a variable 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
5.75% p.a.to 25.99% p.a.
Comparison rate from
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
Upfront fee
$299
Go to site
Interest rate from
7.75% p.a.to 26.99% p.a.
Comparison rate from
8.65% p.a.to 30.22% p.a.based on $30,000
over 5 years
Upfront fee
$299

Mozo editorial review Latitude Personal Loan - last updated: 6 July 2022

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What's hot
  • Rates starting from 5.75% p.a. (6.68% p.a. comparison rate*)
  • Choice of secured or unsecured
  • Flexible repayment options
What's not
  • up to 5% application fee
Mozo snapshot

Are you after a personal loan with plenty of flexibility? Then Latitude’s Personal Loan could be just for you. Loans start from $5,000 with terms from 2-7 years. You can choose between a fixed secured or fixed unsecured loan, these two options have different interest rates. 

Rates are based on credit history and start from 5.75% p.a. (6.68% p.a. comparison rate*), going as high as 26.20% p.a. (30.22% p.a. comparison rate). Don’t want to wait around? After completing a super-simple application, Latitude offers a response in just 60 seconds.
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Key features

The great thing about Latitude’s Personal Loan is that you can tailor it to your needs and preferences. Don’t want to put up collateral? No problem! You can choose between secured or unsecured loan options for your loan.

Loans start from $5,000 with terms from 2-7 years. The fixed unsecured loan comes with the starting rate of 7.75% p.a. (8.65% p.a. comparison rate*) and the variable unsecured loan starts at 5.75% p.a. (6.68% p.a. comparison rate*). 

Both loans come with the reliability of the same repayment for the life of the loan. Another plus is that you can choose your repayment schedule - weekly, fortnightly or monthly.

Looking for answers ASAP? The Latitude application only takes 10 minutes to complete and then Latitude offers a response in just 60 seconds. Additionally, on the Latitude website, you can check your rate in under 2 minutes with no impact on your credit score.

There are fees associated with this loan, including an upfront application fee up to 5% of the loan amount and a $13 monthly service fee.

snapshot
Who is it good for

Borrowers who know what they want and have a good credit score and can access the low rates. 

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Any catches

If your credit score isn’t in good shape, it’s worth keeping in mind that while interest rates for this loan start at 7.75% p.a. for the unsecured fixed loan (8.65% p.a. comparison rate*), it can be as high as 26.99% p.a. (30.22% p.a. comparison rate*). 

Picture of Ava Crawford
Ava Crawford
Money writer

Ava Crawford is an experienced journalist, specialising in credit cards, personal loans and buy now pay later platforms here at Mozo. Ava has also produced digital content for Foxtel's LifeStyle and FOXArena, and has contributed to notable outlets such as The New York Times and ITV. She attended New York University and completed a degree in English and American Literature. She is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 7 July 2022. 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

Variable

5.75% p.a.variable

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

Fees

$299.00

$13.00

$40.00

$0.00

0

Other financial bits

$5,000.00

none

2 Years

7 Years

Unsecured, Vehicle

Features

Weekly, Fortnightly, Monthly

no

no

The establishment fee is added to the loan amount, ranging from 0%-5% of the amount based on credit rating.

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 7 July 2022. 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

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

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

Fees

$299.00

$13.00

$40.00

$0.00

$500 up until the last 3 months of the loan term.

Other financial bits

$5,000.00

none

2 Years

7 Years

Unsecured

Features

Weekly, Fortnightly, Monthly

no

no

The establishment fee is added to the loan amount, ranging from 0%-5% of the amount based on credit rating.

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.

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About Latitude