Are you after a fixed rate loan with plenty of flexibility? Then Latitude’s unsecured Personal Loan could be just for you. Loans start from $3,000 and depending on your credit score you could receive a rate as low as 7.99% (9.24% comparison rate*). You’ll also get a range of flexible features including an extra repayments facility and your choice of repayment frequency.
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 repayment schedule 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.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 7.99% (9.24% comparison rate*) they can be as high as 22.99% (24.15% comparison rate*).
Fixed
7.99% p.a.to 22.99% p.a. fixed
9.24% p.a.to 24.15% p.a.based on $30,000
over 5 years
$250.00
$13.00
$35.00
$0.00
$300 in first half of loan, $0 in second half.
$3,000.00
none
1 Year
7 Years
Unsecured
Weekly, Fortnightly, Monthly
yes
no
To receive minimum rate applicants be a new Personal Loan customer. Application fee is $140 for loans under $5,000.
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.
Rude customer service. Bombarded you with information, and a lot of it is hidden in contracts. They won't give you the information you need, simply refer you back to the loan documents later. From $276 i pay a month, only about $40 goes to the loan (Remainder is interest). They charge $1.50 per transaction when you try and pay early. When i stated I would go to the ombudsman for being penalized in relation to making additional payments - was advised to "go right ahead, its in your contracts" - they fail to advise you anything else at the time you ask questions. I was also cut off from emailing " If you need anything else jump on the support page or call". Avoid at all costs, and speak to financial planners prior to accepting any loans with these guys
Read full reviewRude customer service. Bombarded you with information, and a lot of it is hidden in contracts. They won't give you the information you need, simply refer you back to the loan documents later. From $276 i pay a month, only about $40 goes to the loan (Remainder is interest). They charge $1.50 per transaction when you try and pay early. When i stated I would go to the ombudsman for being penalized in relation to making additional payments - was advised to "go right ahead, its in your contracts" - they fail to advise you anything else at the time you ask questions. I was also cut off from emailing " If you need anything else jump on the support page or call". Avoid at all costs, and speak to financial planners prior to accepting any loans with these guys
Debt just sits there and gets deducted fortnightly, once the balance gets low enough customer service will try to refinance for more. Not the best rate but not the worst.
Read full reviewDebt just sits there and gets deducted fortnightly, once the balance gets low enough customer service will try to refinance for more. Not the best rate but not the worst.
Just paid off my biggest loan which was with latitude finance. I've had an account with them since 2016. They charged 29.99% interest. In the last 4 years with weekly payments I only managed to pay off 12.5% in that time. Just requested a final payout figure and they charge me more for paying it out as well as the interest for the next few years. Absolutely disappointing.
Read full reviewJust paid off my biggest loan which was with latitude finance. I've had an account with them since 2016. They charged 29.99% interest. In the last 4 years with weekly payments I only managed to pay off 12.5% in that time. Just requested a final payout figure and they charge me more for paying it out as well as the interest for the next few years. Absolutely disappointing.
Paid extra on loan then it went up instead of down. Unable to view transactions within the app. The app is useless.
Read full reviewPaid extra on loan then it went up instead of down. Unable to view transactions within the app. The app is useless.
They look after me well and I'm happy.
Read full reviewThey look after me well and I'm happy.
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.
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.49% p.a.
6.39% p.a.to 8.19% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Alex
Personal Loan
5.49% p.a.to 19.99% p.a.
5.49% p.a.to 19.99% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 19.95% p.a.
6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years
MoneyMe
Personal Loan
6.25% p.a.to 19.95% p.a.
7.64% p.a.to 21.35% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
5.95% p.a.to 9.99% p.a.
5.95% p.a.to 10.7% p.a.based on $30,000
over 5 years
NOW Finance
Secured Personal Loan
4.45% p.a.to 15.45% p.a.
4.45% p.a.to 15.45% p.a.based on $30,000
over 5 years
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
Plenti
Used Car Loan (Fixed)
5.29% p.a.to 9.99% p.a.
5.84% p.a.to 10.56% p.a.based on $30,000
over 5 years
CUA
Secured Car Loan (Fixed)
6.79% p.a.
7.16% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.29% p.a.to 8.48% p.a.
6.36% p.a.to 8.69% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Alex
Personal Loan
5.49% p.a.to 19.99% p.a.
5.49% p.a.to 19.99% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 19.95% p.a.
6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
5.95% p.a.to 9.99% p.a.
5.95% p.a.to 10.7% p.a.based on $30,000
over 5 years
MoneyMe
Personal Loan
6.25% p.a.to 19.95% p.a.
7.64% p.a.to 21.35% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.49% p.a.
6.39% p.a.to 8.19% p.a.based on $30,000
over 5 years
