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Heritage Bank Standard Variable

The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $20,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $20,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 80%

    Loan: $20,000

Rate
4.49% p.a.
Comparison Rate*
4.60% p.a.
Service fee
$8.00 monthly
Upfront fee
$150
Rate
5.04% p.a.
Comparison Rate*
5.15% p.a.
Service fee
$8.00 monthly
Upfront fee
$150

Details

Rates and fees information correct as at 20 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.49% p.a.

  • n/a

  • n/a

  • n/a

  • 4.60% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $8.00 monthly

  • $300.00

Other financial bits
  • $20,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

  • $600 Application fee waived for applications made by 30 September 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 20 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 5.04% p.a.

  • n/a

  • n/a

  • n/a

  • 5.15% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $8.00 monthly

  • $300.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

  • $600 Application fee waived for applications made by 30 September 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Heritage Bank home loans rated by the Mozo community?

Overall
8.4/10
Price
8.1/10
Features
7.6/10
Customer service
8.6/10
Convenience
8.0/10
Trust
8.5/10

Latest reviews of Heritage Bank Standard Variable

  • Overall 9/10
    Excellent bank.

    Great company. Good customer service. Low interest rates. Redraw us good. Very happy.

    Read full review

    Great company. Good customer service. Low interest rates. Redraw us good. Very happy.

    Price
    7/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Maurice, Queensland reviewed 6 months ago
  • Overall 10/10
    Great customer service with super rates.

    This bank is up front with all of the costs involved and once set up pass on all rate drops as they occur.

    Read full review

    This bank is up front with all of the costs involved and once set up pass on all rate drops as they occur.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kristine, Queensland reviewed 10 months ago
  • Overall 10/10
    Better than the major banks. More personal.

    We are very happy with Heritage Bank. Great customer service and products. We love our home loan with a saving offset.

    Read full review

    We are very happy with Heritage Bank. Great customer service and products. We love our home loan with a saving offset.

    Price
    8/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lesley, Queensland reviewed 10 months ago
  • Overall 8/10
    Competitive Rates

    Easy to deal with and in my experiences to date great customer service.

    Read full review

    Easy to deal with and in my experiences to date great customer service.

    Price
    8/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Dr, Queensland reviewed over 4 years ago
  • Overall 10/10
    Superb service, 10/10

    We switched from Commonwealth to Heritage. 10/10. Great customer service. We live interstate but they have agreements with so many other banks it's never a problem to find a charge- free ATM. Couldn't rave about them more.

    Read full review

    We switched from Commonwealth to Heritage. 10/10. Great customer service. We live interstate but they have agreements with so many other banks it's never a problem to find a charge- free ATM. Couldn't rave about them more.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Simone, South Australia reviewed over 5 years ago
Heritage Bank

About Heritage Bank

Heritage is Australia's largest member-owned bank. With a history going back to 1875, Heritage helps Australians realise their financial dreams. Heritage focuses on putting people first, not pursuing massive profits. They offer customers a full range of competitive personal banking products from home loans, saving accounts, term deposits, credit cards and much more.

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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.