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Latitude Financial Services

Latitude has a long history that goes back more than 100 years, founded with the goal of serving its customers. They accept poor credit histories like late payments, payday loans, etc. during all of their lending periods. Their laborious and slow processing times for paperwork will, however, make you more patient.

Summary

  • Latitude provides excellent insights, and sales chances with their millions of consumers in addition to simple payment and financing solutions, that less likely affect your credit score.

  • They offer both fixed and variable loans with different repayment options 

  • You can receive both secured and unsecured vehicle loans with Latitude!

  • However, Latitude will consume your patience and time with their paper-based documentation simply avoid taking into account your history of late payments.

Fixed rates from: 8.99% (12.27% comparison rate*)
Loan amounts: $5000 - $100000
Loan terms: 2 - 7 years
Loan types: personal , business
Min. credit score: 300
Min. income: $25,000
Co-applicants? No
Fees:

  • Establishment fee: a one-time fee that is added to the balance of your loan and can vary between 0% to 5% based on your credit rating and loan amount

  • Monthly: $13 (Loan service fee)

  • Late Payment Fee: $40 (In circumstances where you are unable to pay the required amount before the deadline)

  • Brokerage: $990

Latitude Overview

 

Latitude Financial Services is a leading provider of consumer finance in Australia, offering a variety of financial products such as personal loans, as well as vehicle loans. 

With fixed and variable interest rates, they provide both secured and unsecured loans. Surprisingly, unless you currently have full-time work and a gross annual income of at least $25,000, it doesn't negatively affect your credit score. However, it is also important to show that you've maintained a good credit history over the last 5 years, which shows that you have been financially responsible. With a Latitude personal and vehicle loan, you can borrow $5,000 as a minimum; the maximum amount is determined by your condition and financial situation. They take a long time when it comes to reviewing and approving loan applications as they rely on manual, paper-based processes.

 

How to Make a Latitude Money Loan Application

 

A minimum credit score of 300 and a gross annual income of $25,000 is required, and you must be an Australian citizen or permanent resident who is employed. In addition, you must be able to demonstrate that you have had good credit for the last 5 years and have not filed for bankruptcy in the previous 7.