You can use a Latitude Home Renovation Loan for most purposes. Whether that's for basic home improvements or some more extensive renovations, a Latitude Home Renovation loan could make this possible. 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 Home Renovation 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 Home Renovation loan, you can choose to repay your loan over a period of 2 - 7 years.

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 Latitude Home Renovation Loan application in 1-2 working days.

Once your Latitude Home Renovation 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 home renovation loan you apply for. Fixed loans have a fixed interest rate for the term of the loan. With a Latitude Variable home renovation loan 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 Home Renovation 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. Payment handling fees of $1.95 apply when making extra repayments via BPAY®. BPAY and the BPAY logo are registered trademarks of BPAY Pty Ltd 69 079 137 518.

• 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.