Vertical thumb latitude financial services logo

Latitude Low Rate Personal Loan (Secured)

The Secured Low Rate Personal Loan from Latitude can be used to purchase pretty much anything you please from a new car, a holiday, a wedding or even a new kitchen. This loan comes with a fixed interest rate, repayment flexibility, and the ability to make additional repayments.

Features of the Latitude Low Rate Personal Loan

  • Fixed Rate - The secured loan offers a fixed interest rate of 10.99% p.a.
  • Comparison Rate* - 12.21% p.a.
  • Loan amount - Borrow a minimum of $20,000.
  • Loan term - The loan terms range from 2 to 7 years
  • Repayment flexibility - You can make weekly, fortnightly or monthly repayments and can pay through direct debit, Australia Post or BPAY.
  • Online application - You can apply for this loan online and the application process is quick and easy. 
  • Additional repayments - You can make additional payments at any time to reduce your loan term and avoid paying extra interest costs.
  • Application fee - One off upfront fee of $250
  • Early Repayment Fee - If you choose to repay your loan off in the final 6 months of the term no fee will be applied, early repayment at all other times during the term will attract a fee of up to $150.

*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.

Standard Rates
Min. Current Rate 10.99% p.a.
Comparison Rate 12.21% p.a.
Loan Details
Provider Latitude Financial Services
Product Details A secured personal loan with a fixed rate. Applicants must be a home owner or mortgage holder, have excellent credit rating and be a new Latitude personal loan customer
Min. Loan Term 2 years
Max. Loan Term 7 years
Min. Loan Amount $20,000
Max. Loan Amount -
Available as a Car Loan Yes
Car Type -
Fees and Terms
Application Fee $250
Monthly Service Fee $13
Early Repayment Penalty $150
Missed Repayment Penalty $35
Document Release Fee -
Repayment Options Weekly, Fortnightly or Monthly
Extra Payments Allowed Yes
Redraw Allowed No
Security Yes

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.