Heritage Bank Fixed Rate Loan


Heritage Bank’s Fixed Rate Loan is available for one, two, three or five years. Each of the loan terms comes with a slightly different interest rate. While the Fixed Rate Loan is available to investors, they are required to pay more in interest than owner-occupiers.

You also have the option to make additional repayments at any time and up to any amount. You can redraw this money at any time, however the redraws attract a fee. The Fixed Rate Loan comes with the option to re-fix your interest rate for a new loan term at the end of your existing one, but be aware that this may not be at the same interest rate. 

Who is the Heritage Bank Fixed Rate Loan good for?

The Heritage Bank’s Fixed Rate Loan is good for you if you like certainty regarding your loan repayments over the next few years. You can then build a secure financial plan knowing exactly what your largest outgoing costs will be.

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Heritage Bank’s Fixed Rate Loan allows you to lock in a low interest rate for up to five years. This is very helpful when you first buy a new home as you can plan a way forward without having to worry about interest rate movements every month.

If you’re looking for certainty and don’t mind doing your banking over the phone or online, this loan could be a good option for you. The partial offset facility and the ability to make uncapped additional repayments can also save you a lot of money over the term of your loan and help you manage your finances more efficiently.

Take careful account of how you bank though. If you perform lots of small transactions in a month you may find the fees associated with the transaction component of this loan do not suit you, so do your sums with care.

Heritage Bank Fixed Rate Loan Options

Heritage Bank’s Fixed Rate Loan offers several options. Click on the links below to find the one best suited to your needs.

Fixed Rates from


Advertised rate


Comparison rate
  • Partial offset facility available.
  • Redraw facility.
  • Uncapped additional repayments.
  • Monthly fee.
  • Upfront fees.
  • Higher interest rate for investors.

Must meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $150.00
  • Discharge fees: $200
  • Ongoing fees: $8 monthly

Heritage Bank’s Fixed Rate Loan has moderate upfront fees and a discharge fee. It also has an ongoing fee which can add up over the life of your loan.

You should also be aware that you only get a limited number of free transactions (i.e. withdrawals and also balance inquiries) per month on your partial offset / transaction account. Once you exceed this you will be charged for additional transactions.

Should you pay out your Fixed Rate Loan early you will be hit with an early repayment penalty. The loan contract also includes break fees so be sure to read the fine print with care.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Heritage Bank

Heritage Bank is a regional, mutually-owned bank based in Queensland. This means its customers are also its owners. While Heritage Bank has branches located only in South-East Queensland, online banking is available and a call centre is open six days a week. Heritage Bank also offers phone banking, Bank at Post and all customers can use Westpac and St George ATMs.

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