Latitude Commercial Asset Loan
Business Loans
A secured loan available to Sole Traders for purchasing a new or used vehicle for business use only.
- From
- 6.99%
- 8.82% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Minimum fixed rate applicable for the Commercial Asset Loan | 6.99% | 8.82% | — |
| Fixed · 1 year Maximum fixed rate applicable for the Commercial Asset Loan | 25.99% | 27.24% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan Establishment Fee (LEF) | Event | $495.00 |
| PPSR Fee's $8 per security | Other | $8.00 |
| Account Keeping Fee Charged monthly | Ongoing | $16.50 |
| Early Termination Fee (ETF) Up until the last 3 months of the loan term | Exit | $750.00 |
| BPAY Handling Fee $1.95 per payment | Payment | $1.95 |
| Late Fee In the event that you can't make the minimum repayment by your agreed date | Late payment | $45.00 |
Features
- Extra repayments
- Early repayments accepted (early termination fee applies)
- Weekly, fortnightly or monthly repayments
Eligibility
- Minimum age — 18 years18 years or over
- Residency status — Australian Permanent ResidentApplicants must be a permanent Australian resident
- Employment status — Self EmployedApplicants must be currently self-employed and operate under an individual ABN structure
- Applicants must be able to demonstrate a good credit history for the last 5 years
- Applicants must be free from bankruptcy for the last 7 years
- Entity is a Sole Trader
- A valid ABN is active for more than 3 months
- All Industry Types are acceptable
Constraints
- Who we won't lend to - Applicants under 18 years old - Invalid ABN - ABN has been active for less than 3 months - Primary loan purpose is consumer - Business setup is not Sole Trader - Applicant has both Payday lending & dishonoured payments on bank statements - Applicants' business revenue is $0 - Credit Score is below minimum cut off based on Age of ABN - Credit file shows: Bank in place Unpaid default greater than $1k (excluding telco/utility defaults) in the last 12 months Bankruptcy Adverse recent payment history (3+ months overdue in the last 3 months) Adverse commercial file (defaults/judgements/writs) current FHI indicated - Applicants' ABN has been active <12 months + they are thin file - Applicant is currently in hardship with Latitude
- Loan terms from 2-7 years
- Secured loans
- Fixed Rate loans only
Published by Latitude Personal and Motor Loans under the Consumer Data Right · Last updated 23 June 2026 · Product ID a5845c15-691c-4083-95f0-57e103e16a55