home renovation loan

Home Renovation
Loans

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Find out your estimated interest rate in 2 minutes

Why choose a Latitude loan?

Simple application

  • Apply online in under 7 minutes
  • Only a few documents needed for ID and income verification

Flexible financing

  • No early repayment fee on variable loans
  • Access additional repayments you've made when you need them with Redraw on variable loans

Solutions to suit you

  • Our team will help you through the process
  • Loan options tailored to your specific needs

Get an estimate of your repayments

I'd like to borrow

$20,000

Loan term

7 years

At an interest rate of

16.00% p.a.

9.49% Interest rate p.a.^

29.99%

(10.93% Comparison rate p.a*)

(31.38%)

Estimated repayment including typical fees

$0 / week

Total interest paid
$0

Total amount paid
$0

View Fee Breakdown

Ready to get started? Get your tailored rate in just 2 minutes, with no impact to your credit score.

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This calculator is provided for illustrative purposes only and does not constitute a quote or pre-qualification. The interest rate you may be offered can differ from the interest rate displayed above and will be based on your personal circumstances. The total amount paid includes establishment and monthly fees. See all Fees & ChargesFees & Charges for this product.

Compare our fixed and variable loan options to find the right fit

Frequently asked questions

How is my interest rate determined?

What is a comparison rate?

What is redraw?

Secured vs Unsecured loan?

Fixed Loan

Best for stability

Variable Loan

Best for flexibility

Interest rate from
9.49
%
p.a.^
to
29.99
%
p.a.^
Comparison rate from
10.93
%
p.a.*
to
31.38
%
p.a.*
Interest rate from
9.49
%
p.a.^
to
29.99
%
p.a.^
Comparison rate from
10.93
%
p.a.*
to
31.38
%
p.a.*
  • Rates remain fixed for the entire loan term
  • $500 early termination fee (up until the final 3 months of loan term)
  • Flexible repayment options with weekly, fortnightly, or monthly repayments
  • Rates are subject to change throughout the loan term
  • No early termination fee
  • Flexible repayment options with weekly, fortnightly, or monthly repayments
  • Redraw extra repayments at no cost

Why choose a fixed rate?

A fixed rate provides stable, predictable repayments, making budgeting easier. It's ideal if you want certainty and peace of mind, knowing your payments won't change.

Why choose a variable rate?

A variable rate offers flexibility. Ideal if you want to pay off your loan early with fewer restrictions.


Frequently asked questions

How is my interest rate determined?

What is a comparison rate?

What is redraw?

Secured vs Unsecured loan?

Calculator and tools

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Car loan repayment calculator
Budget planner

Applying for a Latitude Personal Loan is simple

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Frequently asked questions

About my Latitude Home Renovation Loan

  • What can I use my Latitude Home Renovation Loan for?

    <span>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.</span>

    What can I use my Latitude Home Renovation Loan for?

  • How much can I borrow with a Latitude Home Renovation Loan?

    <span>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.</span>

    How much can I borrow with a Latitude Home Renovation Loan?

  • How do I make repayments on my Latitude Home Renovation Loan?

    <span><p>You can opt to make weekly, fortnightly or monthly repayments by Direct Debit or BPAY®.</p><p>Payment via BPAY® will incur a payment handling fee of $1.50.</p><p>BPAY® and the BPAY® logo are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518</p></span>

    How do I make repayments on my Latitude Home Renovation Loan?

  • What's the minimum and maximum length for a home renovation loan?

    <span>With a Latitude Home Renovation loan, you can choose to repay your loan over a period of 2 - 7 years.</span>

    What's the minimum and maximum length for a home renovation loan?

  • Useful forms to manage your Latitude Home Renovation Loan

    <span><p>To help you manage your account, here are some useful forms.</p><a target="_blank" href="https://latitudefs.zendesk.com/hc/en-au/requests/new?ticket_form_id=360000137778">Direct debit set up form</a> [PDF]<br><a target="_blank" href="https://latitudefs.zendesk.com/hc/en-au/requests/new?ticket_form_id=360000130337">Third party authority</a> [PDF]</span>

    Useful forms to manage your Latitude Home Renovation Loan

  • What is redraw?

    <span><p>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. Just flexible access to funds when you need them. Call 1300 973 422 to see if you are eligible.</p></span>

    What is redraw?

  • Do all Latitude personal loans allow redraw?

    <span><p>Only Latitude Variable Rate Personal Loan have redraw available.</p></span>

    Do all Latitude personal loans allow redraw?
Application and approval

  • When will I get a decision on my Latitude Home Renovation Loan application?

    <span>In most cases, you can expect to receive a decision on your Latitude Home Renovation Loan application in 1-2 working days.</span>

    When will I get a decision on my Latitude Home Renovation Loan application?

  • How long till I receive funds for my Latitude Home Renovation Loan?

    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).

    How long till I receive funds for my Latitude Home Renovation Loan?

  • What is the eligibility criteria for a Latitude Home Renovation Loan?

    <div><p>At a minimum, you will need to:</p><ul><li>be currently employed and earning at least $25,000 gross per annum</li><li>be an Australian Permanent Resident</li><li>be at least 18 years of age</li><li>Be able to demonstrate a good credit history for the last 5 years</li><li>Be free from bankruptcy for the last 7 years</li></ul><p>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.</p></div>

    What is the eligibility criteria for a Latitude Home Renovation Loan?

  • Do I need to provide security for my Latitude Home Renovation Loan?

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

    Do I need to provide security for my Latitude Home Renovation Loan?
Fees, charges and interest

  • Will the interest rate on my Latitude Home Renovation Loan be Fixed or Variable?

    <span>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.</span>

    Will the interest rate on my Latitude Home Renovation Loan be Fixed or Variable?

  • How is my interest calculated on a Latitude Home Renovation Loan?

    <span>Interest is calculated daily and charged to your account on a monthly basis.</span>

    How is my interest calculated on a Latitude Home Renovation Loan?

  • Will I be charged a fee for making extra payments?

    <span>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 $1.50 apply when making extra repayments via BPAY®. BPAY and the BPAY logo are registered trademarks of BPAY Pty Ltd 69 079 137 518.</span>

    Will I be charged a fee for making extra payments?

  • How can I avoid paying late fees on my Latitude Home Renovation Loan?

    <span><ul><li>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.</li><li>Make sure you have sufficient funds in your account so all direct debits and other scheduled payments can be made.</li><li>If your circumstances change which could affect your repayments, call us on <a href="tel:132826"> 13 28 26</a> to discuss your options.</li><li>You can also make additional repayments so you pay off your loan sooner and save on interest<sup>1</sup>.</li></ul><p><sup>1</sup>Early termination fee applies.</p></div></span>

    How can I avoid paying late fees on my Latitude Home Renovation Loan?

Important information

^ Approved customers only. Terms, conditions, fees and charges apply for Latitude Personal Loan. All applications are subject to lending and approval criteria.

Loan terms range from 2-7 years for Latitude Personal Loan.

Latitude Fixed Personal Loan rates range from 9.49% p.a. to 29.99% p.a. (comparison rates 10.93% p.a. to 31.38% p.a.).
Latitude Variable Personal Loan rates range from 9.49% p.a. to 29.99% p.a. (comparison rates 10.93% p.a. to 31.38% p.a.).

* The Comparison rate for the above products are based on $30,000 over 5 years.

WARNING: These comparison rates apply only to the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: A personal loan of $30,000 borrowed for 5 years with an interest rate of 15.99% p.a. (17.40% p.a. comparison rate), would equate to a total amount payable of $45,418 (including a $395 establishment fee and $13 monthly loan servicing fees).

Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.

1 You can make additional payments at any time, however, an early termination fee may apply on a Fixed loan up until the last 3 months of your loan term.