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Heritage Bank

Living Equity

Interest Rate

4.86

% p.a

Variable

Comparison Rate*

5.03

% p.a

Maximum LVR
85%
Real Time Rating™

1.65

/ 5
Monthly Repayment

$1,215

based on $300,000 loan amount for 25 years at 4.86%

Interest Rate

4.86

% p.a

Variable

Comparison Rate*

5.03

% p.a

Maximum LVR
85%
Real Time Rating™

1.65

/ 5
Monthly Repayment

$1,215

based on $300,000 loan amount for 25 years at 4.86%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,215

based on $300,000 loan amount for 25 years at 4.86%

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

Azm Khan

5.0
54 Reviews

Get expert advice from a home loans specialist.

I am really passionate about helping people achieve their property dreams. As a student, my main interest was finance and since completing my Master's degree in Accounting, I studied to be qualified as a Certified Practicing Accountant (CPA) and worked in the finance world for over 10 years. In 2014, after purchasing my first home through a mortgage broker and seeing first hand the value provided by Mortgage Brokers, I decided to better utilise my skills to the benefit of my clients. Since starting my Mortgage Broker business, I have helped over 300 clients with their home loan and have settled over $120 million loans. So if you are looking for someone with expertise and experience to assist you with your home loan, I will be thrilled to have a chat. I am available anytime when you are ready.

NSW2150

CRN: 463273

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

Melissa Huynh

5.0
1 Reviews

Get expert advice from a home loans specialist.

Melissa has many years experience within the Finance Industry. Having started her career as a Financial Planner and over 7 years as an award winning Mortgage Broker with a strong focus on customer service. Melissa is highly efficient and will get the job done! Whether you have a complex situation or Commercial loan Melissa will strive to find you the most competitive and suitable loan options and ensure you are educated and kept up to date throughout the process.

VIC3121

ACL: 481374

THOMAS TANG

5.0
427 Reviews

Get expert advice from a home loans specialist.

MFAA Broker Associate, Top 5 Most Excellent Broker in Victoria (Nominated, 2019). 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' Thomas and his team are very passionate about mortgage brokering. Thomas used to be a Top banking staff at Bank of Melbourne in 2015 then quit to pursue his dream in mortgage broking business and achieved Australia top 100 mortgage broker in 2018 and 2020. He has 10 years banking and finance experience and he owns a positive cashflow property portfolio himself. So you are in good hands! '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. Here is a YouTube channel link for Thomas -- https://youtu.be/cLKGmisfNVw

VIC3128

CRN: 484532

Quick home loan review

For Living Equity - Line of Credit Home Loan (Interest Only)

These are the benefits of this home loan.

  • Split account option

These are the drawbacks of this home loan.

  • No redraw and no offset
  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Living Equity - Line of Credit Home Loan (Interest Only)

TMD

Details

Maximum LVR

85%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Line of Credit, 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

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

750

Application fee

600

Valuation fee

$0

Settlement fee

150

Other upfront fee

0

Ongoing fee

$10 monthly

Discharge fee

300

Application method

Online

Phone

In branch

Available
Not available
Data not captured
Specials
  • Cashback Up to $4000 Refinance Cashback Offer
    Refinance to Heritage. If your home loan is over $500,000 but less than $700,000 with an LVR of 80% or less, you could qualify for our $3,000 Cashback offer. Or, if your home loan is $700,000 or more with an LVR of 80% or less, you could qualify for our $4,000 Cashback offer. Apply to refinance your home loan from another lender to an eligible home loan before 31 May 2022, and settle before 31 July 2022.

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
THOMAS TANG
5.0
427 Reviews
MFAA Broker Associate, Top 5 Most Excellent Broker in Victoria (Nominated, 2019). 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' Thomas and his team are very passionate about mortgage brokering. Thomas used to be a Top banking staff at Bank of Melbourne in 2015 then quit to pursue his dream in mortgage broking business and achieved Australia top 100 mortgage broker in 2018 and 2020. He has 10 years banking and finance experience and he owns a positive cashflow property portfolio himself. So you are in good hands! '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. Here is a YouTube channel link for Thomas -- https://youtu.be/cLKGmisfNVw
VIC3128
CRN: 484532

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $500k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 85 percent, which means it requires a minimum deposit of 15 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 $750 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

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.