Latitude Personal Loan: a loan for major life expenses and debt consolidation
A Latitude Personal Loan offers flexible borrowing from $5,000 to $200,000. It helps fund major plans or combine high-interest debts into one simple repayment schedule.
Select between secured and unsecured options over 2 to 7 years. Secured rates start at 8.99% p.a. (comparison rate 10.67% p.a.), while unsecured rates start at 9.99% p.a. (comparison rate 11.66% p.a.).
Should I get a personal loan from Latitude Financial?
Latitude Financial is a major non-bank lender trusted by 1.8 million Australian customers. It has won WeMoney’s Best for Flexibility award for four consecutive years.
Borrowers access handy online calculators, budget tools, and account portals. Eligible new customers can also access a 3-month payment pause at the start of their loan term.
How to get a loan from Latitude Financial
To apply for Latitude Personal Loan, you need to meet the following requirements:
- Minimum age and residency requirements (assessed under Australian credit criteria).
- Stable employment history and proof of regular income.
- Proof of identity (such as a valid Australian driver licence or passport).
- Satisfactory credit assessment demonstrating repayment capability.
- An eligible vehicle as security if applying for a secured personal loan.
How to apply for the loan
- Check your rate: Submit basic details online to get a personalized rate quote in 2 minutes with no credit score impact.
- Select loan parameters: Choose your loan amount ($5,000 to $200,000), loan term (2 to 7 years), and repayment schedule.
- Complete the application: Fill in your personal, employment, and financial details online.
- Provide supporting documents: Upload required documentation, including proof of income and identity details.
- Submit for assessment: Receive an official application decision, often within 60 seconds to 2 business days.
- Accept and receive funds: Accept your digital loan contract to receive funds within 24 hours of approval.
Frequently asked questions
Can I get a loan from Latitude Financial without a job?
Latitude requires applicants to demonstrate stable income and satisfy serviceability checks. Eligibility depends on your overall financial assessment, meaning approval without stable income is not guaranteed.
How much could I be approved to borrow with Latitude Personal Loan?
You can apply to borrow between $5,000 and $200,000. Approval depends on your income, existing debts, credit score, and whether you select a secured or unsecured loan.
How do I pay off Latitude Personal Loan?
Repayments can be scheduled weekly, fortnightly, or monthly. Extra repayments can be made anytime, though early termination fees may apply on fixed loans if paid off early.
How do I cancel a loan application with Latitude Financial?
You can withdraw an active application by contacting Latitude support at 13 28 26 or via the portal. Withdrawing an application is different from closing an active, funded loan account.