Important disclosure

Heritage Bank, a trading name of Heritage and People’s Choice Limited

Car Loan

Real Time Rating™

  • $5k to $100k
  • 1 to 7 years
  • New or used car
  • Fixed Rate
Interest Rate

6.49%

p.a

Comparison Rate*

6.84%

p.a

RateCity says

“Finance your new or used vehicle with this flexible fixed rate car loan, offering unlimited extra repayments and no early exit fees.”

Real Time Rating™
Tags
  • $5k to $100k
  • 1 to 7 years
  • New or used car
  • Fixed Rate
Interest Rate

6.49%

p.a

Comparison Rate*

6.84%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$29

based on $1,500 loan amount for 5 years at 6.49%

Pros and cons

For Car Loan - Fixed

Benefits

  • Lower than average rate
  • No ongoing fees
  • No early exit penalty
  • Unlimited extra repayments
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Suitable for both new or used car

Drawbacks

  • Higher than average application fee

Heritage Bank Rate Car loan overview

For Car Loan - Fixed

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$5k - $100k

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

up to 7 years

Target Market Determination

Visit Heritage Bank, a trading name of Heritage and People’s Choice Limited to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$250

Ongoing Fee

$0

Missed Payment Penalty

$30

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Promoted car loans

Promoted

Lower Rate

Used Car Loan (Car < 10 Years)

Real Time Rating™
  • $1k to $80k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.70%

p.a

Comparison Rate*

11.35%

p.a

Promoted

Secured

Drive Away Car Loan

Real Time Rating™
  • $1k to $75k
  • 0 to 10 years
  • Variable Rate
  • Secured
Interest Rate

10.50%

p.a

Comparison Rate*

10.54%

p.a

Promoted

Generic

New Car Loan

Real Time Rating™
  • $1k to $150k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

7.24%

p.a

Comparison Rate*

7.84%

p.a