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Latitude Car Loan (Secured)

The Secured Car Loan from Latitude can be used to purchase new or used cars from car dealers or private sellers. It can also be used for motorbikes, trailer caravans. This loan comes with a fixed interest rate, repayment flexibility, and a competitive low rate.

Features of the Latitude Car Loan

  • Fixed Rate - The secured loan offers fixed interest rates from 6.99% p.a. to 13.99% p.a.
  • Comparison Rate* - Range from 10.09% to 15.07% p.a.
  • Loan amount - Borrow a minimum of $5,000, and $3,000 for motorbikes
  • Loan term - The loan terms range from 1 to 7 years
  • Repayment flexibility - You can make weekly, fortnightly or monthly repayments and can repay through direct debit, Australia Post or BPAY.
  • Online application - You can apply for this loan online and the application process is quick and easy. 
  • Application fee - One off upfront fee of $295
  • Early Repayment Fee - If you choose to repay your loan off your early repayment fee will be calculated based on your remaining term, with a fee up to $750 payable.
  • Older cars accepted as security - Cars up to 20 years of age at end of loan considered as security

* Comparison rates for this product are based on a loan of $30,000 over 5 years.

WARNING: The comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
EXAMPLE: A secured personal loan of $30,000 borrowed for 5 years with the minimum interest rate of 10.99% p.a. (12.21% p.a. comparison rate), would equate to a total amount payable of $40,233 (including a $250 establishment fee and $13 monthly loan servicing fees)

Standard Rates
Min. Current Rate 6.99% p.a.
Comparison Rate 8.10% p.a.
Loan Features and Terms
Product Details Car Loan with a low rate, flexibility of repayments, low monthly fee, available for new and used cars, Motorbikes trailers and more.
Min. Loan Amount $5,000
Max. Loan Amount -
Min. Loan Term 1 years
Max. Loan Term 7 years
Repayment Options Weekly, Fortnightly or Monthly
Security Vehicle
Car Type New or used cars, motorbikes, caravans and camper trailers plus more
Fees
Application Fee $295
Monthly Service Fee $10
Early Repayment Penalty $750
Missed Repayment Penalty $40
Document Release Fee -

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.