Latitude Personal and Motor LoansLatitude Asset Loan
This loan product is available through broker channels. Loan amounts from $5,000. Consumer loan terms from 2 - 7 years. Secured loans. Weekly, fortnightly or monthly repayments. Extra repayments accepted. Purchase a car, boat or personal watercraft privately or through a dealer.
At a glance
- Fixed
- 8.99%10.67% comparison
- Variable
- 8.99%, 10.67% comparison
- Loan size
- $5,000 to no maximum
- Upfront fee
- $395
- Monthly fee
- $16.50
How it compares
This personal 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.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 8.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 46th lowest of 68, level with one other |
| Fixed personal loanRepayments stay the same for the term | 8.99% | 5.80%Plenti Personal Loan | 7.96%of 42 institutions | 29th lowest of 42, level with one other |
| Variable personal loanMoves with the lender's rates | 8.99% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 27th lowest of 45 |
Rates
Every rate Latitude Personal and Motor Loans publishes for this personal loan, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedRates remain fixed for the entire loan term $500 early termination fee (up until the final 3 months of loan term) Flexible repayment options with weekly, fortnightly, or monthly repayments WARNING: T… | - | 7 yrs fixed | - | 8.99% | 10.67% | - |
| FixedRates remain fixed for the entire loan term $500 early termination fee (up until the final 3 months of loan term) Flexible repayment options with weekly, fortnightly, or monthly repayments WARNING: T… | - | 7 yrs fixed | - | 22.99% | 24.58% | - |
| VariableThe interest rate displayed is the minimum rate for the product. Rates are subject to change throughout the loan term. No early termination fee. Flexible repayment options with weekly, fortnightly, o… | - | - | - | 8.99% | 10.67% | - |
| VariableThe interest rate displayed is the maximum rate for the product. Rates are subject to change throughout the loan term. No early termination fee. Flexible repayment options with weekly, fortnightly, o… | - | - | - | 27.99% | 29.57% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it out$395Establishment Fee
- While you hold it$16.50 a monthLoan Service Fee
- When you close it or pay it off$750Early Termination Fee
When you take it out1
- Establishment Fee$395
While you hold it1
- Loan Service Fee
$16.50 per month.
$16.50 a month
If a payment is late or fails1
- Late Payment Fee
$45 in the event that you can't make the minimum repayment by your agreed date
$45
When you close it or pay it off1
- Early Termination Fee
Variable Loan: No early termination fee Fixed Loan: $750 up until the last 3 months of the loan term
$750
Other fees1
- Brokerage Fee
This fee is applicable to broker-submitted applications.
From $0
Features
None published.
Eligibility and limits
- Minimum age 18
- Residency: Be a Permanent Australian Resident.
- Employment: employed / self-employed or a self-funded retiree
- Minimum income $25,000
- Available to individuals
- Amount from $5,000, no maximum
- Bankruptcy Free Be free from bankruptcy for the last 7 years.
- Borrow for a consumer purpose only
- Latitude Motor Loans are only permitted for the purchase of the following motor categories: new and used car, motorbike, boat, caravan, light commercial vehicle (up to 6 tonnes), jet ski, campervans…
- Consumer Minimum loan term 2
- Maximum loan term 7 years
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Published by Latitude Personal and Motor Loans under the Consumer Data Right, last changed by them on 10 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.