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Heritage Bank

Living Equity

Advertised Rate

4.86

% p.a

Variable

Comparison Rate*

5.03

% p.a

Maximum LVR
85%
Real Time Rating™

1.65

/ 5
Monthly Repayment

$1,729

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

Advertised Rate

4.86

% p.a

Variable

Comparison Rate*

5.03

% p.a

Maximum LVR
85%
Real Time Rating™

1.65

/ 5
Monthly Repayment

$1,729

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

$1,729

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.

Matthew Hayes

5.0
17 Reviews

Get expert advice from a home loans specialist.

Matthew grew up in Canberra, graduating from Erindale College. As part of the Talented Sports Program for Rugby Union, Matthew developed skills in planning, preparation and execution, skills which he utilises as a mortgage broker to help his clients reach and attain their goals. Matthew is friendly and professional, always ensuring his time with you is stress free and pleasant. He does the hard work for you, helping you find the loan which suits you best. Matthew is dedicated to providing his clients with the best possible service, accommodating you at any time, any location, any day of the week.

Response time: in 32 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Madhu Chaudhuri

5.0
20 Reviews

Get expert advice from a home loans specialist.

Madhu Chaudhuri’s journey from a practicing Architect to a Broker has shaped her 27-year career in Australia culminating in the formation of her company Finance & Mortgage Solutions in 2001. Her vision to assist people to grow themselves financially, to be able to contribute and flourish in the community is the foundation of her practice, resulting in Industry recognition at the State and National level as a top mortgage broker. At FMS, Madhu leads a multi-lingual team to design and engineer finance solutions whether to build a home and material stability or supporting emerging entrepreneurs to open and run small businesses in their local communities. Coming to Australia as an immigrant herself more than 20 years ago, Madhu has lived experience and understanding of some of the struggles of relocating financially and emotionally- especially for migrants. Recognising the need for multi-lingual and multi-cultural access points, FMS has filled this need for migrant journey’s to be heard and supported. She donates her time for various women’s groups such as Saheli Club and Indian Mums Sydney and receives genuine fulfillment when counselling and advising on financial matters to help women achieve financial independence. She has now also been invited to Lean In Org to be the financial mentor in a workshop series for migrant women. Madhu’s drive lies in genuine connection with the community, recognising that it is built by diverse perspectives and experiences and there is a lot to learn from the young and old collectively. Madhu has sponsored an annual ‘Good Word Award’ at the local public school to support public speaking and communication programs for children for the past 7 years, as well as regular events and outing for the aged South Asian community. Finance & Mortgage Solutions strength lies in guiding, mentoring and coaching clients as well as brokers, which has resulted in growth in cities including Sydney, Melbourne, Brisbane, Adelaide & Canberra. Their services break down a pathway for migrants to financial autonomy into achievable milestones to build a strong, foreseeable financial future in their new country.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Tony Harris

5.0
2 Reviews

Get expert advice from a home loans specialist.

A natural leader, innovator and developer of businesses and their people; Tony’s career over the last 40+ years has spanned Building and Construction, Property and Finance and Community Welfare and Charity. Tony is a serial entrepreneur and former corporate CEO, and for the last decade Tony’s focus has been in the finance industry with a strong bias towards property. Having worked as a mortgage and finance broker, Tony has also lent his expertise to advise and mentor other businesses to overcome challenges and thrive in a competitive and rapidly changing environment. Tony has a passion for Community Welfare and Charity events and founded the Bright Smiles Ride for Oral Health in Indigenous communities, he is a part of the Royal Flying Doctors Service Motorbike Ride and Car Trek which to date has raised over $30 million and he is a Board Member of the One Foundation. He has a proven track record of getting things done with unbridled enthusiasm and a commitment to help make a difference. Tony devotes the remainder of his time to being the best dad he can be, the greatest Grandfather of all time and to pursuing his life-long interest in horses. “I love talking about property and finance and love helping people see their full potential both personally and in their business. I’m always open to having a chat if you would like to reach out!”

Response time: in 30 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Promoted

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)

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

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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.