Latitude Car Loan
- Car loans up to $200,000
- Low-interest starting from 9.49%
- Repayment up to 7 years
[Accessed July 24, 2023]
Latitude, a trailblasing financial services provider, has been transforming the landscape of digital instalments and lending in Australia, New Zealand, Canada, and Singapore.
With a rich history spanning over 100 years, Latitude has evolved from its predecessor businesses to become a trusted and innovative partner for individuals and businesses alike.
Cultivating innovation through diversity and inclusive culture
By embracing individuals from various backgrounds and perspectives, Latitude fosters a culture that values diversity and recognises the unique contributions each person brings.
This inclusive approach enhances their ability to think differently, encouraging innovative approaches to problem-solving, creativity, and collaboration.
A customer-centric approach: Empowering individuals to thrive
At the heart of Latitude's philosophy lies a commitment to be the preferred partner for individuals seeking financial support.
With a diverse and experienced leadership team, comprising individuals like CFO Paul Varro and Chief Operating Officer Andrew Walduck, they are well-equipped to navigate the complexities of the financial landscape and drive meaningful change.
As they forge ahead, their commitment to growth, innovation, and unwavering customer focus remains steadfast.
Strengthening partnerships: Fueling growth for businesses
Latitude's dedication to partnership extends beyond its customers, encompassing businesses seeking seamless payment and lending solutions. By providing easy payment and lending options, They equip their partners with the tools needed to drive growth, make informed decisions, and tap into a vast customer base.
Their extensive network and invaluable insights enable businesses to expand their reach, while their commitment to delivering fast decisions ensures that opportunities are never missed. Through this collaborative approach, they nurture mutually beneficial relationships that fuel the success of their partners.
Core values: showcasing integrity, kindness, and curiosity
Latitude's success is underpinned by a set of core values that guide its actions and inspire its employees.
Show Care, the first pillar, emphasises the importance of kindness and support within the Latitude community, creating an atmosphere where individuals thrive and collaborate.
Latitude also champions the value of being curious, encouraging employees to constantly explore and challenge the status quo. By fostering a culture of curiosity, they remain at the forefront of innovation, adapting to evolving customer needs and market trends.
Act Right, the third core value, reinforces Latitude's commitment to ethical conduct and responsible decision-making. They always strive to do what is right, even if it means stepping outside their comfort zone, ultimately building trust and maintaining the integrity of the organisation.
Latitude offers car finance options for various vehicles, including new cars, used cars, motorbikes, and caravans. With loan amounts starting from $5,000, you can choose between fixed or variable loans.
Repayment flexibility is provided with options for weekly, fortnightly, or monthly payments, and loan terms range from 2 to 7 years.
Latitude car loans: unlock the key to your dream vehicle
When it comes to financing your car purchase, Latitude is your trusted partner in making your automotive dreams a reality.
They understand that everyone's financial situation is unique. That's why they provide a wide range of loan options to accommodate various budgets and vehicle preferences.
Whether it's a sleek new car, a reliable used car, an adventurous motorbike, or a comfortable caravan, Latitude offers flexible options, competitive interest rates, and a transparent fee structure, designed to align with your aspirations.
Choose your interest rate path: variable or fixed
With both variable and fixed interest rate options available, you have the flexibility to select the loan type that aligns with your long-term goals.
Variable rates offer the potential for changes over the loan term, while fixed rates provide stability with a consistent interest rate throughout the loan duration.
Clear and transparent fee structure
Latitude believes in transparency and ensuring that you have a clear understanding of the costs associated with your car loan.
The establishment fee, which ranges from 0% to 5% based on your Latitude car loan amount and credit rating, allows for a fair and tailored approach.
Additionally, a modest monthly loan service fee of $13 applies, with a minimal payment handling fee of $1.50 for BPAY® transactions. It's important to note that loans with variable interest rates are subject to potential changes over the loan term.
Convenient repayment options
Repaying your Latitude car loan is made easy and hassle-free. You have the flexibility to choose from weekly, fortnightly, or monthly repayment schedules, providing you with the freedom to align your payments with your cash flow.
With convenient payment methods such as Direct Debit or BPAY®, you can select the option that best suits your preferences and ensures timely repayments.
Accelerate your journey to financial freedom
Latitude encourages early loan repayments and offers you the opportunity to make extra payments whenever you desire. By taking advantage of this benefit, you can reduce your loan term, save on interest costs, and gain the freedom of being debt-free sooner.
For fixed-rate loans, an early termination fee of $500 applies until the last 3 months of the loan term.
Latitude – Car loan
- Loan Type Car loans
- Interest Rate from 9.49%
- Loan Amount up to $200,000
- Repayment 2 years to 7 years
Benefits of Latitude
- Fixed or variable loan options
- Competitive interest rates
- Get a loan quote in 2 minutes
Car loan calculator
Accelerate your journey to car ownership: Simplified steps for a seamless experience
Applying for a Latitude car loan is a stress-free experience. By following the straightforward steps we detail below, you can swiftly navigate through the car loan application process, facilitated by Latitude's commitment to convenience and customer satisfaction.
Your step-by-step guide to Latitude’s car loan application process
1. Interest rate check:
You can conveniently discover their interest rates online within a mere 2 minutes, without any impact on their credit score. This allows for a quick and informed assessment of loan options.
2. Online application:
The online application form is designed to be simple and user-friendly. You receive a response within just 60 seconds, providing immediate feedback on your eligibility. The intuitive platform guides you through the process, ensuring a seamless and efficient experience.
3. Document submission:
To support your application, you’re required to provide essential documents, including banking statements and identification. Latitude's secure system ensures the confidentiality and safety of all submitted information.
4. Loan contract acceptance:
Once approved, you’ll receive your loan contract digitally. Taking the time to review the terms and conditions is crucial for a clear understanding of rights and responsibilities. By accepting the loan contract digitally, you take a significant stride towards owning your dream car.
5. Funds disbursement:
After accepting the loan contract, funds are typically disbursed within 24 hours of Latitude receiving the online acceptance. With the funds at hand, you can eagerly embrace the thrill and exhilaration of car ownership.
Navigating the road to approval: eligibility and Latitude car loan criteria
Latitude is committed to empowering you with tailored financial solutions. To achieve a smooth approval process, you must meet the eligibility criteria:
- You need to be at least 18 years old.
- A permanent Australian resident.
- Earn a minimum gross income of $25,000 per annum.
- Have a solid credit history over the past 5 years.
- A bankruptcy-free record for the last 7 years
Calculating premiums for optimal financial comfort
Latitude understands that everyone has distinct financial circumstances. As a result, the calculation of premiums is customised to meet your individual needs.
Factors such as
- loan amount,
- interest rate,
- loan term,
- and specific situation are carefully considered, ensuring that the premium aligns with the your budgetary requirements.
Latitude strives to provide a car loan experience that is both comfortable and accommodating.
A rapid decision-making process
You can expect a swift decision on your Latitude car loan application. Typically, a decision is made within 1-2 working days. Latitude's dedicated team works diligently to review applications promptly, enabling you to move forward confidently in your car ownership journey.
Latitude is a trusted & reliable provider of car loans
In our review, Latitude adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.
✅ Latitude is a registered credit provider in Australia: ACL 392178
Customer Reviews & Testimonials
I recently secured a car loan through Latitude, and the entire process was seamless. The online application was straightforward, and I received approval within a short time frame.
— Sydney —
Latitude exceeded my expectations with their car loan offerings. Their interest rates were highly competitive, allowing me to secure a loan at an affordable rate. The loan application process was...
— Perth —
Latitude's customer service team was professional and responsive, addressing all my queries promptly. I highly recommend Latitude for their reliability and transparency when it comes to car loans
— Darwin —