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Latitude Car Loans

Latitude car loans can get you on the move sooner, whether you’re looking to buy a new or not-so-new vehicle. You can also finance a boat or caravan if you want a more adventurous ride. To get going with this deal, compare options and repayments below, then apply for the offer that best suits your budget and needs.

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It’s time to get yourself into gear with a car loan from Latitude. Whether you’re upgrading your car to make room for the kids or adding to the toys in the garage, we’ll put you in the driver’s seat sooner.

Overview

Application / establishment fees$295

Minimum loan amount$5,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.99%

Car loan comparison rate8.10%

Monthly repayments (approx)$593

Total repayments (approx)$35,633

Total interest repayments (approx)$5,633

Rate typeFixed

Secured or unsecuredSecured

GO TO Latitude Financial Services

Other Fees & Information

Monthly fee$10.0

Other fees$0

Missed payment fee$40

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$750

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 28 26

Data accurate as of13.09.2017

GO TO Latitude Financial Services

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Pay ZERO fees^ on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $15,000-$100,000. What’s more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score. ^Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan.

Overview

Application / establishment fees$0

Minimum loan amount$15,000

Maximum loan amount$100,000

Minimum term1.5 years

Maximum term7 Years

Car loan interest rates (base)4.45%

Car loan comparison rate4.45%

Monthly repayments (approx)$558

Total repayments (approx)$33,516

Total interest repayments (approx)$3,516

Rate typeFixed

Secured or unsecuredYes

GO TO Now Finance

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Exit / early repayment feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 275 669

Data accurate as of21/02/2021

GO TO Now Finance

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)4.99%

Car loan comparison rate5.69%

Monthly repayments (approx)$566

Total repayments (approx)$33,960

Total interest repayments (approx)$3,960

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

Overview

Application / establishment fees$250

Minimum loan amount$2,001

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.35%

Car loan comparison rate5.65%

Monthly repayments (approx)$570

Total repayments (approx)$34,257

Total interest repayments (approx)$4,257

Rate typeFixed

Secured or unsecuredSecured

GO TO OurMoneyMarket

Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$27

For used vehiclesYes

SponsoredYes

Telephone1300 990 115

Data accurate as of30/04/2021

GO TO OurMoneyMarket

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.24%

Car loan comparison rate6.94%

Monthly repayments (approx)$583

Total repayments (approx)$35,000

Total interest repayments (approx)$5,000

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

Latitude car loans – Apply and get the ride you’re after

Latitude isn’t a bank, and it says it’s proud of its alternative lender status. More specifically, Latitude is a digital payments and finance business that operates in Australia and New Zealand. It offers a decent range of products, such as credit cards, insurance, and many types of loans.

When you borrow from Latitude, this lender isn’t shy about showing you how it compares to the Big Four. For instance, Latitude bills its new and used car loan rate as more competitive compared to ANZ, Westpac, NAB, and CAB. If the promise of low-rate car finance tickles your interest, read on to discover more about Latitude car loans.

Latitude car loans at a glance

  • Loan amounts. From $5,000 (or $3,000 for motorbikes)
  • Loan terms. 1-7 years for both dealer and private sale purchases
  • Interest rate. Fixed rate from 5.99%
  • Pros. Easy online application, fast response, flexible repayment options, and the ability to monitor your account online.
  • Cons. Besides interest, you also pay an application fee, an ongoing monthly fee, as well as early exit penalties.
  • Best for. Anyone looking to finance a new or used vehicle (up to 15 years of age).

Types of loans offered by Latitude

  • New and used car loan. Besides buying a new car, this option also works well for used cars up to 15 years old. This is handy if you have your eye on a classic car that fits the description.
  • Boat loan. You can also finance a boat with Latitude.
  • Caravan loan. A Latitude caravan loan allows you to purchase a caravan or motorhome.
  • Personal loan. Latitude personal loans are also available for anything from buying a car to debt consolidation, renovation, and holidays.

Features of Latitude Financial Services car loans

  • Fixed rates. The fixed rate applies over the entire life of the loan. It means there are no surprises when it comes to your repayments. You’ll always know how much is due each time.
  • Balloon payments. If you want to make smaller repayments, you can opt for a balloon payment. Keep in mind this involves making a lump sum payment of up to 30% of the vehicle’s value at the end of the loan term. Also, balloon payments are only available for cars that are not more than five years old.
  • High loan to value ratio. Latitude allows you to borrow more than the vehicle’s purchase price. This is handy if you need to cover extras like insurance and on-road costs.
  • Time off from payments. It’s possible to take a month off if you manage to squeeze 12 months’ worth of repayments into 11 instalments. This only applies to repayment periods of not more than five years.
  • Flexible repayment option. Weekly, fortnightly, or monthly repayments are available. Our Latitude car loan calculator can help you narrow down the best repayment amount for your budget.
  • Extra repayments. You can make extra repayments. However, an early termination fee may apply if you close your account sooner.

Rates, fees, and charges

Interest rates start at 5.99% for vehicles less than three years old. For all other vehicles that don’t fit this criteria, the rate is set at 9.99% p.a. The fees structure looks like this:

  • Establishment fee – $395
  • Monthly loan service fee – $10
  • Late payment fee – $40
  • Early termination fee – Up to $750

How to apply

Ready to get yourself a Latitude car loan? It’s as simple as scrolling up and clicking “Go to Site” in the table above. Once you click through to the online application form, fill in the required details and provide the necessary documents. According to Latitude, you can get a response in as little as 90 seconds.

When you receive a loan contract, all you have to do is accept the offer and return the signed contract via email. You’ll then receive your money within 24-48 hours. However, before applying, keep in mind the following requirements:

  • Be at least 18 years
  • Have Australian citizenship or permanent residency
  • Earn a regular income and be employed
  • Have a good credit history for the past five years
  • Must not have been bankrupt in the last seven years

Additionally, if you opt for a loan with a rate of 5.99% p.a, you’ll need to:

  • Buy a vehicle less than three years old
  • Be a homeowner or mortgage holder
  • Have full-time employment with the same employer for at least 18 months