Secured Fixed Low Rate (Excellent Credit Rating)
- Last updated on 09 Aug 2020
6.99%
Fixed up to 18.99%
8.25%
$250
$3k to $70k
based on $30,000 loan amount for 3 years
Pros
- Can apply online
Cons
- Monthly fee charged
- Application fee charged
- Requires security to be held
- Cannot apply in branch
- Has ongoing fees
New Car | Total repayments $33,342 |
Used Car | Early Exit Penalty Fee $300 |
Motorcycle | Missed Payment Penalty $35 |
Boat | Redraw Activation Fee N/A |
Student Loan | Repayment Type Fixed |
Debt Consolidation | Loan Type Secured |
Renovation | Available to 457 Visa Holders |
Shares | Redraw Facility |
Holidays | Extra Repayments |
Medical Bill | Line Of Credit |
Wedding | Upfront Fee $250 |
Ongoing Fee $13 Monthly | Borrowing range $3k - $70k |
You must be a new customer, a home owner or mortgage holder, have excellent credit rating and wish to borrow more than $20000. Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.
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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 some 2.6 million customers with a broad range of finance products including personal loans, digital payments, credit cards and insurance.
Latitude Financial Services is an online-only operation. You can apply for loans online, and they also have a customer service phone line.
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FAQs
If more than half of your income comes from Centrelink benefits, it may be more difficult to have a $2000 loan application approved. Many lenders will check if you can afford a loan’s repayments on the income from your job before they’ll approve an application, and many won’t count Centrelink payments when assessing your income for this purpose.
Some lenders may offer $2000 loans to borrowers on Centrelink – consider contacting potential lenders to check before applying.
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.