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Heritage Bank

Discount Variable

announcement

RateCity Says: Pay no ongoing fees and enjoy the flexibility to make extra repayments and access redraw.

Interest Rate

3.40

% p.a

Variable

Comparison Rate*

3.42

% p.a

Maximum LVR
80%
Real Time Rating™

4.52

/ 5
Monthly Repayment

$1,330

based on $300,000 loan amount for 30 years at 3.4%

Interest Rate

3.40

% p.a

Variable

Comparison Rate*

3.42

% p.a

Maximum LVR
80%
Real Time Rating™

4.52

/ 5
Monthly Repayment

$1,330

based on $300,000 loan amount for 30 years at 3.4%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,330

based on $300,000 loan amount for 30 years at 3.4%

Heritage Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

MD Mahbub ur Rahman Chowdhury

Get expert advice from a home loans specialist.

Hi, My name is MD Mahbub Ur Rahman Chowdhury. I am a professional mortgage broker. I have excellent analysis knowledge which can help my client to achieve their financial needs. I can help my client to choose a suitable home loan product. I can explore clients' needs and benefits and based on that I can find the best product for my clients. I can do Home loans, Personal loans, car loans, and construction loans. I have excellent communication and negotiation skills which can help me to negotiate between clients and the Lender. My main goal is to help my clients and make them happy I will provide the best service to my clients.

NSW2560

CRN: 529621

Lee HAO

5.0
326 Reviews

Get expert advice from a home loans specialist.

Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.

VIC3128

CRN: 484532

Lumbini Wekunagoda

5.0
115 Reviews

Get expert advice from a home loans specialist.

Lumbini Wekunagoda is the founder of Melfinance. A boutique Mortgage Broker firm in Melbourne. Lumbini has a passion for helping his clients make their financial life easier. Lumbini specialises in helping people achieve their financial goals. Our goal is to educate you and empower you. With over 10 years in the Mortgage Broker Industry, Lumbini is highly experienced and known for his tenacity in helping his clients. Lumbini also has a diploma in Mortgage Broking, MBA from the University of Wales, Cert IV, MFAA, ASIC registered and licensed Mortgage Broker. Lumbini is known for giving as much of his time as is required to each client. No question is too small and no task too big. Lumbini’s clients feel as though they truly have someone on their side throughout the process. A real advocate for them who makes the whole process easy and stress-free. He also leaves them feeling comfortable that they are fully educated and empowered to make informed decisions with zero remorse. "Why do I like my role as a Mortgage Broker? I do this because I get enormous satisfaction from helping people achieve their goals and educating the. Seeing a client in a better positon after I have helped them gives me a huge buzz"

VIC3000

CRN: 444210

Quick home loan review

For Discount Variable Home Loan ($150k+) (LVR 70%-80%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Redraw facility available
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Discount Variable Home Loan ($150k+) (LVR 70%-80%)

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $20

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

210

Application fee

0

Valuation fee

$0

Settlement fee

210

Other upfront fee

0

Ongoing fee

$0

Discharge fee

345

Application method

Online

Phone

In branch

Available
Not available
Data not captured
Specials
  • Cashback $2000 cashback on Heritage home loan
    To qualify for the Cashback, you'll need to: Apply for an eligible home loan between 20 July 2022 and 30 September 2022 and settle on or before 31 December 2022; and Open or hold either a Simply Access or a Mortgage Crusher transaction account under the same membership as your loan; and Have your salary credited by your employer at least twice to this transaction account within 60 days of your home loan settling. An eligible home loan is one of the following Heritage home loans: Discount Variable; Standard Variable (including Home Advantage Package eligible loans); Fixed Rate (including Home Advantage Package eligible loans); and Your total lending must be a minimum of $500,000, but this can be across multiple loan accounts and/or related memberships.

Target Market Determination

Visit Heritage Bank to view Target Market Determination.

Embed

Heritage Bank is available through brokers

Lee HAO
5.0
326 Reviews
Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.
VIC3128
CRN: 484532

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Heritage Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Heritage Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $210 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $20 if you need to use it.

Where can you apply for this loan?

Heritage Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Heritage Bank loan is available through a broker. Find a broker to help you with your needs.