You can use a Latitude Car Loan for most vehicle purchases, such as for a new car, used car, motorbike or caravan. If you have something in mind, give us a call 13 28 26 to discuss a solution that suits you.

The minimum amount you can borrow for a Latitude car Loan is $5,000, with the maximum depending on your circumstances and current financial situation.

You can opt to make weekly, fortnightly or monthly repayments by Direct Debit or BPAY®.

Payment via BPAY® will incur a payment handling fee of $1.95.

BPAY® and the BPAY® logo are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.

With a Latitude Motor Loan you can purchase most vehicles, whether that's old or new, a car, boat or caravan!

Direct debit set up form [PDF]

Third party authority [PDF]

Redraw is a feature of Latitude Variable Rate Personal Loans that gives access to additional repayments you've made on your loan. There's no cost to redraw and no need to reapply for a new loan. Call 1300 973 422 to see if you are eligible.

Only Latitude Variable Rate Personal Loans have redraw available.

In most cases, you can expect to receive a decision on your car loan application in 1-2 working days.

Once your Latitude Car Loan is approved and signed, your funds are usually available the next business day or no more than two working days (depending on your circumstances).

At a minimum, you will need to:

• be currently employed and earning at least $25,000 gross per annum
• be an Australian Permanent Resident
• be at least 18 years of age
• Be able to demonstrate a good credit history for the last 5 years
• Be free from bankruptcy for the last 7 years

Other credit and approval criteria will apply depending on your situation. In most cases, you can expect to receive a decision on your loan application in 1-2 working days.

Whether you need to provide security or not will vary depending on your personal circumstances and the loan amount you have applied for.

You can choose whether your Latitude loan is fixed or variable. Interest rates may vary depending on the type of Latitude car loan you apply for. Fixed loans have a fixed interest rate for the term of the loan. With a Latitude Variable car oan the interest rate could change during the term of your loan.

Interest is calculated daily and charged to your account on a monthly basis.

With a Latitude Car Loan, you can make extra payments whenever and however you like. Be aware that for a Fixed loan, an early termination fee of $500 applies if you payout your loan in full up until the last 3 months of the loan.

• Paying by direct debit saves you time and the hassle of manual repayments, it also helps you to avoid fees from missed or late payments.
• Make sure you have sufficient funds in your account so all direct debits and other scheduled payments can be made.
• If your circumstances change which could affect your repayments, call us on 13 28 26 to discuss your options.

¹Early termination fee applies.

No, with a Latitude Personal Loan you will pay off the balance owing on the car over the loan tenure that you choose when arranging the loan. If you take out a variable rate loan you can even pay off your loan sooner if you wish.