Latitude Financial Services Personal Loans

Originally known as GE Capital Finance, Latitude Financial Services had a change of name and ownership in 2015.

As a leading consumer finance business with a presence in Australia and New Zealand, Latitude Financial provides over 2.5 million customers with a broad range of finance products including personal loans, credit cards and insurance.

Latitude Financial Services is an online-only operation, which means it doesn’t have branches. You can apply for loans online, and they also have a customer service line if you need to speak to someone.

Latitude Financial Services personal loan repayment calculator

Thinking about taking out a personal loan with Latitude Financial Services? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Latitude Financial Services personal loan compare with various products.

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Latitude Financial Services Personal Loans

Features of a Latitude Financial Services personal loan

Latitude Financial Services cater to a wide range of borrowers. A Latitude Financial Services personal loan can either be secured or unsecured, and borrowers can choose between a fixed or variable interest rate.

Approved borrowers can take out a Latitude Financial Services personal loan of between $3,000 and $50,000. Loan terms range from one to 7 years, depending on the purpose of the personal loan and serviceability. Borrowers can choose between weekly, fortnightly and monthly repayments, and can choose the day of the week repayments are deducted.

Latitude Financial Services personal loans have a number of flexible features, such as redraw facilities and the option to make extra repayments.

Latitude Financial Services personal loans can be used for a range of different purposes including:

  • Debt consolidation
  • Car financing
  • Wedding financing
  • Holidays
  • Investing
  • Renovations
  • Boat financing
  • Medical

Latitude Financial Services personal loans – customer service

Latitude Financial Services doesn’t have any branches, but you can apply for a personal loan with Latitude Financial Services online. Borrowers can also contact customer service via:

  • Online banking
  • Email
  • Phone

Who is eligible for a Latitude Financial Services personal loan?

To be eligible for a Latitude Financial Services personal loan, you’ll need to meet the following criteria:

  • Be at least 18 years old  
  • Be an Australian citizen, permanent resident or have a valid visa
  • Have a regular income
  • Have a good credit history for the last five years
  • Be free from bankruptcy for the last seven years

How to apply for a Latitude Financial Services personal loan?

Applications for a Latitude Financial Services personal loan can be made online. The online application process takes 10 minutes to complete and involves the following steps:

  • Once you’ve compared and selected a personal loan, apply on the Latitude Financial Services website
  • Once completed, your application will be reviewed and you’ll get a response in 60 seconds
  • Upon final approval, you can accept your contract online, and the funds will be credited to your loan account

At the time of application, you’ll need to provide the following documentation:

  • Proof of identity
  • Proof of income and employment
  • Details of any other financial commitments

Latitude Financial Services personal loans review

Latitude Financial Services personal loans are suitable for a range of purposes like debt consolidation, home improvements, events and holidays.

There are a few different types of personal loans on offer, and borrowers can choose from secured or unsecured personal loans with fixed or variable interest rates.

Latitude Financial personal loans come with a range of flexible features, and borrowers can choose between weekly, fortnightly and monthly repayments with terms up to seven years.

Borrowers can make additional payments, however early termination fees may apply. It’s also worth pointing out that Latitude Financial personal loans have an upfront establishment fee, an ongoing monthly fee and moderately high interest rates.

Before choosing a personal loan, it always pays to do your research and compare personal loan rates.

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