---
title: "Latitude Commercial Asset Loan — Latitude Personal and Motor Loans"
description: "Business Loans from Latitude Personal and Motor Loans. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/latitude-personal-and-motor-loans/products/a5845c15-691c-4083-95f0-57e103e16a55
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-20T04:56:38.308Z
---

# Latitude Commercial Asset Loan — Latitude Personal and Motor Loans

> Business Loans from Latitude Personal and Motor Loans. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Business Loans**

A secured loan available to Sole Traders for purchasing a new or used vehicle for business use only.

## At a glance

- **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 years (18 years or over)
- **Residency status** — Australian Permanent Resident (Applicants must be a permanent Australian resident)
- **Employment status** — Self Employed (Applicants 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**
- **Borrow for a business purpose only**
- **Minimum limit** — $10,000.00 (Loan amounts from $10,000)
- **Acceptable Loan Purposes
- Dealership Purchase
- Private Sale
- Mid-Term refinance**

## Data provenance

- Published by Latitude Personal and Motor Loans under the Consumer Data Right
- Product ID: `a5845c15-691c-4083-95f0-57e103e16a55`
- Last updated by the provider: 20 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/latitude-personal-and-motor-loans/a5845c15-691c-4083-95f0-57e103e16a55
- Provider page: https://www.cdrcompare.au/brands/latitude-personal-and-motor-loans

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/latitude-personal-and-motor-loans/products/a5845c15-691c-4083-95f0-57e103e16a55) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)