One of the worst finance provider. They offered me 24% interest rate for a car loan, while RACV offered 10%. Clearly they are just here to rob people
Paid $10k in advance payment on my car loan. 4 months later and Latitude STILL hasn't updated the correct figure with Experian so my ability to get business credit is restricted and potential reason for my credit rejection. Come on Latitude, your 4 months late. Bet you wouldn't wait 4 months for a payment.
I have a declined application that I haven't applied for and now has giving me a strike against my name.
The most rude and incompetent company I've ever tried to deal with. The worst and most frustrating customer service. They put you on hold and wait for you to hang up, if you manage to speak to someone they will transfer you to the wrong department and then give you the same number to call so you can do it again. Don't waste your time.
Need a car loan? Don't do it with Latitude! You'll end up paying nearly twice the purchase amount of the vehicle and that's if you have decent credit.
Easy application process. They ring periodically to say that account is doing well.
GE Money is far to expensive and the customer service very bad
Bad interest rates
Firstly they don't ever send out statements, and when you request 1 they charge you a ridiculous amount. Secondly I wanted to send them an email and they don't have an email address on their website? Thirdly I looked at the interest rate compared to other lenders and they are much higher!! However I do have to say the customer service on the phone was good.
Should not have signed a loan from this company, biggest mistake I have ever done. Interest rates are way too high!
I applied for a Motor Loan online couple of days back after blocking the car I wanted to purchase. I kept calling them for two days asking for an update and only got a response saying our system is having technical issue please ring tomorrow. Finally got hold of a consultant and after 3 calls he says "Loan has been conditionally approved at 34%". Really 34% interest for a car loan? Who pays that much for even a personal loan? After bit of discussion he says I applied for personal loan which isn't the case, the website directed all motor loans to Personal Loan area and now they say I have to apply again and wait for two days to get it processed!! Terrible service, because of their system fault, I have to let go the car I wanted and also end up paying for the cancellation charge as it was on an extended holding period. I will never go back to GE money for anything and never recommend it to people.
As another reviewer in here I got my car from Car City. The dealer told me they have their own finance broker who is very good. He even came to my house, very enthusiastic and friendly. I got a car finance for $9500 and had to pay back $18,000. Yes, over 90% interest. I questioned this with the guy but he assured me if I paid more off per month or if I would pay off all in 1 go, I would end up paying much less. Like many people you never get a statement so now, after 2 1/2 years I decided to call them (they have NO e-mail) and ask them how much I'd have to pay if I pay all in 1 go. The (rude) guy told me just over $8000. So I tell him that I was told that if I pay it off in 1 go I would have to pay much less. He replied yes, you still owe $9000 and change ... So if I pay in 1 go, I get a $1000 discount! On a 18,000 payment. Then I asked him how come I had to pay back 18,000 on a loan of 9,500 .. he said you lent 9,500 with 19% interest. I told him hang on, 9,500 + 19% would only be about 12,000 .. why am I paying 18,000?? That's more than 90% extra, not 19% .. The reply I got to that was "the contract was in front of you, you had the option of not signing it" ... I mean what the hell? What kind of explanation is that? He said all you can do is lodge a complaint .. do you want me to transfer you to our complaint department? Just told him well you got me good mate, real good. Told him don't bother, won't change a thing and hung up. I can't stress this enough .. do NOT go with GE Money.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 7.29% would cost $36,387.95 including fees.
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 6.24% would cost $35,880.27 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 8.49% would cost $37,420.08 including fees.
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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