Latitude Financial Services personal loans

Latitude Financial Services cater to a wide range of borrowers. A Latitude personal loan can be either be secured or unsecured, but all have fixed interest rates.

Borrowers can take out a Latitude personal loan of between $3,000 and $50,000. Loan terms range from one to seven years. Borrowers can choose between weekly, fortnightly and monthly repayments, and can choose the day of the week repayments are deducted.

Latitude personal loans have the option to make extra repayments but there is no redraw facility.

Latitude charges an upfront fee, ongoing fees, late repayment fees and an early termination fee if you end the personal loan before halfway of the loan term.

Latitude personal loans can be used for many purposes including:

• Debt consolidation
• Car financing
• Weddings
• Holidays
• Renovations

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

• Online account
• Email
• Phone, Monday to Friday, 9am - 5pm (AEST)

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 a permanent Australian resident
• Be currently employed on a permanent basis and have a regular income
• Have a good credit history for the past five years
• Be free from bankruptcy for the past seven years

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 within 24-48 hours.

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 are suitable for a range of purposes like debt consolidation, home improvements, weddings 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 interest rates. Variable interest rates are not available.

Latitude Financial personal loans come with a some 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, late repayment fees and moderately low to high interest rates.

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