Latitude Personal and Motor LoansLatitude Commercial Asset Loan
A secured loan available to Sole Traders for purchasing a new or used vehicle for business use only.
At a glance
- Fixed
- 6.99%8.82% comparison
- Loan size
- $10,000 to no maximum
- Monthly fee
- $16.50
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 6.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 10th lowest of 47, level with one other |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 6.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 10th lowest of 47, level with one other |
Rates
Every rate Latitude Personal and Motor Loans publishes for this business loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedMinimum fixed rate applicable for the Commercial Asset Loan | - | 1 yr fixed | - | 6.99% | 8.82% | - |
| FixedMaximum fixed rate applicable for the Commercial Asset Loan | - | 1 yr fixed | - | 25.99% | 27.24% | - |
Fees
6 fees published, grouped by when they're charged.
- When you take it outNo fee published
- While you hold it$16.50 a monthAccount Keeping Fee
- When you close it or pay it off$750Early Termination Fee (ETF)
While you hold it1
- Account Keeping Fee$16.50 a month
When you make a transaction1
- BPAY Handling Fee
$1.95 per payment
$1.95
If a payment is late or fails1
- Late Fee
In the event that you can't make the minimum repayment by your agreed date
$45
When particular things happen1
- Loan Establishment Fee (LEF)$495
When you close it or pay it off1
- Early Termination Fee (ETF)
Up until the last 3 months of the loan term
$750
Other fees1
- PPSR Fee's
$8 per security
$8
Features
- Weekly, fortnightly or monthly repayments
Eligibility and limits
- Minimum age 18
- Residency: Australian Permanent Resident
- Available to individuals
- Amount from $10,000, no maximum
- Valid ABN active for > 3 months
- Applicants must be able to demonstrate a good credit history for the last 5 years
- Applicants must be free from bankruptcy for the last 7 years
- Able to confirm the asset will be used wholly or predominantly for business purposes
- Who we won't lend to - Applicants under 18 years old - Invalid ABN - ABN has been active for less than 3 months - Primary loan purpose is consumer - Business setup is not Sole Trader - Applicant has…
- The minimum loan term is 2 years
- The maximum loan term is 7 year
- Secured loans
- Fixed Rate loans only
- Borrow for a business purpose only
- Acceptable Loan Purposes - Dealership Purchase - Private Sale - Mid-Term refinance
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Published by Latitude Personal and Motor Loans under the Consumer Data Right, last changed by them on 7 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.