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- Home Loans
- Heritage Bank
- Discount Variable Home Loan ($150k+) (LVR < 70%)
Discount Variable
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.01%
Discount Variable
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.01%
Calculate your repayments for this loan
Your estimated repayment
$2,995
based on 500000 loan amount for 25 years at 5.99%
Monthly Repayment
$2,995
Total interest
$578,034
Total payments
$1,078,034
Start date
05-2024
End date
05-2049
Pros and Cons
For Discount Variable
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
Heritage Bank Variable Rate Home Loan overview
For Discount Variable Home Loan ($150k+) (LVR < 70%)
Details
Maximum LVR
70%
Total repayments
$1,078,034
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Heritage Bank, a trading name of Heritage and People’s Choice Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$210
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$210
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$345