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Summary

Get competitive fixed rates and a flexible term to finance a range of vehicles with a Latitude Fixed Rate Car Loan.

If you’re looking for a vehicle loan, Latitude gives you a breadth of options. You can finance new and used cars, boats, trucks, bikes and more with a repayment plan tailored for you. Because you can customise your own loan, you can get the benefits you want with a Latitude Fixed Rate Car Loan.

Pros

Additional repayments without penalty
Finance a new or used vehicle
Flexible repayments

Cons

Monthly fee of $13
$395 application fee

Details

Latitude Fixed Rate Car Loan

Product Name	Latitude Fixed Rate Car Loan
Interest Rate (p.a.)	9.49% to 29.99%
Comp. Rate (p.a.)	10.93% to 31.83%
Interest Rate Type	Fixed
Min Loan Amount	$5,000

Latitude Variable Rate Car Loan

Product Name	Latitude Variable Rate Car Loan
Interest Rate (p.a.)	9.49% to 29.99%
Comp. Rate (p.a.)	10.93% to 31.83%
Interest Rate Type	Variable
Min Loan Amount	$5,000

What do Australians think of Latitude personal loans for cars?

3.63/5 overall for Customer Satisfaction — lower than the average of 4.02, and this was the lowest score in the category
3.8/5 for Trust — lower than the average of 4.25, and this was the lowest score in the category
3.76/5 for Customer Service — lower than the average of 4.08, and this was the lowest score in the category

Based on Latitude personal loans for cars scores in Finder's 2024 Customer Satisfaction Awards.

Main points to consider with the Latitude Fixed Rate Car Loan

Everyone has different financial needs, so Latitude gives you options. The loan comes with a fixed rate of 9.49% p.a. and a comparison rate of 10.93% p.a. As mentioned, you can finance a range of vehicles and enjoy quick approval, with the funds being transferred to your account within one or two days of approval.

Features of a Latitude Fixed Rate Car Loan

Fixed rate of 9.49% p.a. Enjoy competitive fixed interest rates for a range of vehicles.
New or used. The loan is available for both new and used vehicles.
Any vehicle type. This type of loan is available for all motorised vehicles including cars, motorbikes, boats and caravans.
Classic car options. You can get standard financing for cars no more than 20 years old, or other vehicles no more than 12 years old. There may be options available for cars older than this.
Free additional repayments. Pay back more at no extra cost and with no extra repayment fees.
No early repayment fees in the second half of the loan term. If you repay the loan early in the second half of your loan term, you won't be charged any early repayment fees. The charge for repaying your loan early in the first half of your loan is $500.
Flexible repayments. Choose a weekly, fortnightly or monthly repayment schedule to suit your needs.
$5,000 minimum loan amount. Borrow a minimum of $5,000 for any vehicle or $5,000 for motorbikes. There is no maximum borrowing limit.
Specialist consultation: Latitude's specialist consultants can work with you during the process. They can help choose a loan that works for you and advise you on how to tailor it for your lifestyle and budget.

How much does the loan cost?

The following fees apply:

$13 monthly account-keeping fee
$40 late payment fee
Early repayment fees apply when you pay off the loan and close your account before the agreed-upon time. This fee depends on your total loan value, and how early it is repaid.

How to apply for a Latitude Fixed Rate Car Loan

Applying is an easy process, which you can start by clicking the "Go to Site" link on this page. To be eligible you must:

Be 18 or older
Be a permanent resident of Australia
Have had a good credit history for the last five years
Have had no bankruptcies within the last seven years

When applying you will need to provide:

Proof of identity. You must prove your age, residency and identity. This can be done with your passport, driver's license, proof of age card with address, pensioner or Centrelink card, recent utility bills or rates notices or other identifying documentation.
Proof of income. You must provide two of your most recent payslips or your most recent tax return or financial statement if you're self-employed.

Latitude's Car Loan offers all-in-one vehicle financing that puts you and your vehicle first. However, keep in mind that it's best to compare all your car loan options before you apply.

Compare car loan providers

1 - 11 of 85

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
IMB New Car Loan Fixed1 - 7 Years $2,000 - $125,000	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 6.59%	Application Fee $274.78	Monthly Fee $0	Monthly Repayment $619.01	Go to site More Info Compare	You'll receive a fixed rate of 6.24% p.a. A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Simplify New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.19% to 18%	Comp. Rate (p.a.) 6.6% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.21	Go to site More Info Compare
OurMoneyMarket New Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to site More Info Compare
Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.52% to 18%	Comp. Rate (p.a.) 6.95% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $625.27	Go to site More Info Compare	You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with. Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
RACV New Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	You'll receive a fixed rate from 7.29% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New/Demo - Variable Rate Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24% to 7.39%	Comp. Rate (p.a.) 7.37% to 8.5%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to site More Info Compare
OurMoneyMarket Used Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to site More Info Compare
Simplify Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.19% to 18%	Comp. Rate (p.a.) 6.6% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.21	Go to site More Info Compare
Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.52% to 18%	Comp. Rate (p.a.) 6.95% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $625.27	Go to site More Info Compare	You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a. A used car loan of up to $300,000 with quick approval times and balloon payment options.
RACV Used Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 -	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $653.57	Go to site More Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.