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Latitude Secured Personal Loan

Advertiser disclosure
Interest rate from
5.99% 21.99% p.a.
Comparison rate from
7.26% 23.15% p.a.based on $30,000
over 5 years
Upfront fee
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Mozo editorial review Latitude Secured Personal Loan - last updated: 4 December 2020

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What's hot
  • Extra repayments allowed
  • Fixed rates from 5.99% p.a. (7.26% p.a. comparison rate*)
What's not
  • $35 late payment fee
  • Early loan repayment penalties will apply if you pay off the loan within the first half of your loan term
Mozo snapshot

On the hunt for a solid personal loan to cover a holiday, home renovation or other big upcoming purchase? The Latitude Secured Personal Loan has fixed rates from 5.99% p.a. (7.26% p.a. comparison rate*) on loans from $3,000 or more and 1-7 year loan terms.

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Key features

The Latitude Personal Secured Loan gets the ball rolling with fixed rates from 5.99% p.a. (7.26% p.a. comparison rate*) on loans amounts of $3,000 or more with no maximum loan amount and flexible loan term options ranging from 1 to 7 years. 

And if you’re after a loan with lots of legroom, then it could be your lucky day! With the Latitude Personal Loan, you’ll have the freedom to choose between either weekly, fortnightly or monthly repayment options. So, you can work your regular repayments to suit your budget and lifestyle.

Keep in mind, that being a secured loan type, the Latitude Personal Secured Loan requires you to put an asset up as security for the loan, such as your car.

On top of all this, the Latitude Personal Loan offers a bunch of other features, like the ability to make extra loan repayments. Just remember a $300 early repayment penalty applies if you pay out your whole loan in the first half of your term.

There is also an establishment fee to consider, which is $140 for loans under $5,000 and $250 for loans of $5,000 or more. This loan also comes with quite a few fees such as the $13 monthly service fee and a $35 late payment fee if you don’t make the minimum monthly repayment by your agreed due date.

Who is it good for

With a $3,000 minimum and no maximum loan amount and a fixed interest rate for the life of the loan, the Latitude Secured Personal Loan is a suitable personal loan option for most Aussies over the age of 18. To compare the interest rates of Latitude with other lenders in our database, head to our personal loans hub.  

Other eligibility requirements for this loan include: you must a permanent Australian resident, employed, demonstrate a good credit history for the past 5 years and be free from bankruptcy for the last 7 years.

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Any catches

You can make extra repayments but just be aware that if you pay your loan off within the first half of the loan term, a $300 early repayment penalty will apply. There is no early repayment penalty if you pay out the loan in the second half of the loan.


Rates and fees information correct as at 18 October 2021. 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.


5.99% 21.99% p.a. fixed

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






$300 in first half of loan, $0 in second half.

Other financial bits



1 Year

7 Years



Weekly, Fortnightly, Monthly



To receive minimum rate applicants must be a new Personal Loan customer. Application fee is $140 for loans under $5,000.


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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