Latitude Personal Loans
What personal loans does Latitude offer?
At the time of writing, Latitude offers two personal loan products: Latitude Personal Loan and Latitude Low Rate Personal Loan. These loans have a fixed interest rate for the life of the loan and can be secured or unsecured.
To be eligible for the Low Rate Personal Loan you must be a homeowner or have a mortgage, borrow a minimum of $20,000, and be a new Latitude personal loan customers. Additional eligibility requirements apply.
Features of Latitude’s personal loans include:
- A minimum loan amount of either $3,000 for the Latitude Personal loan or $20,000 for the Latitude Low Rate Personal Loan, with the maximum amount depending on your circumstances and financial situation
- Repayments available weekly, fortnightly or monthly
- Loan terms available between two to seven years
- Obtain funds within 24 hours of Latitude receiving your online acceptance
- Optional loan protection insurance
- Extra repayments accepted however if you pay off your loan before you’re halfway through the term, Latitude says you will be charged an early termination fee
What can you use Latitude’s personal loans for?
Personal loans can typically be used for important life events, such as:
- Buying a car
- Debt consolidation
- Holidays
- Home renovations
- Weddings and more
Read the product disclosure statement (PDS) from Latitude for any specific details on what you may or may not be able to take out a personal loan for.