Latitude Financial Services Car Loan
- Application Fee
- $395
- Interest Rate (p.a.)
- From 9.49% (fixed)
- Comparison Rate (p.a.)
- 10.93%
- Max Loan Amount
- $20,000
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 |
| Max Loan Amount | $20,000 |
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 |
| Max Loan Amount | $20,000 |
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.
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