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Heritage Bank

Discount Variable

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Cashback

$2000 cashback on Heritage home loan ~ Ends in about 2 months

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.

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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™

4.49

/ 5
Monthly Repayment

$3,294

based on $665,000 loan amount for 25 years at 3.4%

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Interest Rate

3.40

% p.a

Variable

Comparison Rate*

3.42

% p.a

Maximum LVR
80%
Real Time Rating™

4.49

/ 5
Monthly Repayment

$3,294

based on $665,000 loan amount for 25 years at 3.4%

Go to site
View Now

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$3,294

based on $665,000 loan amount for 25 years at 3.4%

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

Broker

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.

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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.