Heritage Bank Variable Rate Loan (Home Advantage)

3.89% p.a.

4.26% p.a.

$350.00 yearly

3.99% p.a.

4.35% p.a.

$350.00 yearly

4.09% p.a.

4.45% p.a.

$350.00 yearly

3.84% p.a.

4.21% p.a.

$350.00 yearly

3.94% p.a.

4.31% p.a.

$350.00 yearly

4.04% p.a.

4.40% p.a.

$350.00 yearly

3.79% p.a.

4.16% p.a.

$350.00 yearly

3.89% p.a.

4.26% p.a.

$350.00 yearly

3.99% p.a.

4.35% p.a.

$350.00 yearly

4.19% p.a.

4.55% p.a.

$350.00 yearly

4.39% p.a.

4.75% p.a.

$350.00 yearly

4.14% p.a.

4.50% p.a.

$350.00 yearly

4.34% p.a.

4.70% p.a.

$350.00 yearly

4.09% p.a.

4.45% p.a.

$350.00 yearly

4.29% p.a.

4.65% p.a.

$350.00 yearly

4.54% p.a.

4.89% p.a.

$350.00 yearly

4.74% p.a.

5.09% p.a.

$350.00 yearly

4.49% p.a.

4.84% p.a.

$350.00 yearly

4.69% p.a.

5.04% p.a.

$350.00 yearly

4.44% p.a.

4.80% p.a.

$350.00 yearly

4.64% p.a.

4.99% p.a.

$350.00 yearly

Heritage Bank Variable Rate Loan (Home Advantage) Review

Rates and fees information correct as at 24 June 2018.

Review published: 26 March 2018

What's hot:

  • 2018 Mozo Experts Choice Award

  • Variable rates from 3.79% (4.16% comparison rate)

  • Free extra repayments and redraw facility

  • 100% offset account

What's not:

  • $350 yearly service fee

Mozo snapshot:

With a bundle of handy features, including a 100% offset account, it’s easy to see why the Variable Rate Loan Home Advantage Package from Heritage Bank took out a 2018 Mozo Experts Choice Award for best Packaged Home Loan. Add in some seriously competitive variables rates starting at just 3.79% (4.16% comparison rate) and this could be an attractive option for borrowers looking for a home loan deal with all the trimmings.

Key features:

The Variable Rate Loan Home Advantage Package offers a variable rate for owner occupiers starting at 3.79% (4.16% comparison rate), but don’t worry investors, because you’ll also be able to nab a deal of your own with rates from 4.09% (4.44% comparison rate). Depending on the package deal you choose, you could also be able to borrow with a deposit as low as 5%, though this will impact the rate Heritage Bank will offer you.

Aside from the low variable rate, Heritage Bank has also packed a number of handy extras into the Home Advantage Package including a 100% offset account which you could use to reduce the size of your home loan repayments, as well as a completely free extra repayments facility that could help you pay off your loan even faster.

Borrowers will also have the flexibility to make repayments on a schedule that suits their needs - either on a weekly, fortnightly or monthly basis. And if you do end up making use of that handy extra repayment facility, but find yourself in a situation where you need to dip into it, Heritage will give you the flexibility of free redraws on those extra repayments.

Just bear in mind that while the Variable Rate Loan Home Advantage Package does contain a number useful features, it also comes with a yearly service fee of $350.

Who it's good for:

If you’re an owner occupier or investor looking for a flexible, low rate home loan option with the additional advantage of a 100% offset account, then this could be the deal for you.

Any catches?

On top of the annual fee that comes with the Variable Rate Loan Home Advantage Package, you’ll also be charged a $150 settlement fee as well as a $250 discharge fee.

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

Product Type Overall Rating Price Features Service Convenience Trust
8.4

Based on 78
Heritage Bank home loans reviews

7.9 7.7 8.8 8.2 8.4

Read Heritage Bank home loan reviews by the Mozo community

Latest reviews of Heritage Bank Variable Rate Loan (Home Advantage)

Heritage Bank

Heritage Bank Variable Rate Loan (Owner Occupier, LVR<80%) (Home Advantage) home loan review

Overall rating   10 / 10

Service is the greatest

We have been with Heritage since 2002 and love the personal service we get in branch from our bank manager and area manager. They are both fantastic the service they and their staff give is second to non. We have been put on great new rates on...

Full review

We have been with Heritage since 2002 and love the personal service we get in branch from our bank manager and area manager. They are both fantastic the service they and their staff give is second to non. We have been put on great new rates on their latest product. They may not always be up on the top for rates for investors but they are top of the league for service and satisfaction. They go out of their way to please their customers and keep them happy which isn't hard with the great staff they have and personal service. You are not a number but a person with Heritage Bank. The manager and area manager of Kawana Branch in Qld deserve a medal they are the best. Credit department (SBS) have been great in our recent talks with them too.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Paul (QLD), reviewed almost 3 years ago

Heritage Bank

Heritage Bank Variable Rate Loan (Owner Occupier, LVR<80%) (Home Advantage) home loan review

Overall rating   10 / 10

Love the service my local bank gives us

We have been with Heritage since 2002 and love the personal service we get in branch from our bank manager and area manager. They are both fantastic the service they and their staff give is second to non. We have been put on great new rates on...

Full review

We have been with Heritage since 2002 and love the personal service we get in branch from our bank manager and area manager. They are both fantastic the service they and their staff give is second to non. We have been put on great new rates on their latest product. They may not always be up on the top for rates for investors but they are top of the league for service and satisfaction. They go out of their way to please their customers and keep them happy which isn't hard with the great staff they have and personal service. You are not a number but a person with Heritage Bank. The manager and area manager of Kawana Branch in Qld deserve a medal they are the best. Credit department (SBS) have been great in our recent talks with them too.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jean (QLD), reviewed almost 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • 3.89% p.a.

  • n/a

  • 0 Months

  • none

  • 4.26% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 4.35% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.09% p.a.

  • n/a

  • 0 Months

  • none

  • 4.45% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • 90.00%

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 3.84% p.a.

  • n/a

  • 0 Months

  • none

  • 4.21% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 3.94% p.a.

  • n/a

  • 0 Months

  • none

  • 4.31% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.04% p.a.

  • n/a

  • 0 Months

  • none

  • 4.40% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • 90.00%

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 3.79% p.a.

  • n/a

  • 0 Months

  • none

  • 4.16% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 3.89% p.a.

  • n/a

  • 0 Months

  • none

  • 4.26% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 4.35% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • 90.00%

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.19% p.a.

  • n/a

  • 0 Months

  • none

  • 4.55% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.39% p.a.

  • n/a

  • 0 Months

  • none

  • 4.75% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.14% p.a.

  • n/a

  • 0 Months

  • none

  • 4.50% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.34% p.a.

  • n/a

  • 0 Months

  • none

  • 4.70% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.09% p.a.

  • n/a

  • 0 Months

  • none

  • 4.45% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.29% p.a.

  • n/a

  • 0 Months

  • none

  • 4.65% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.54% p.a.

  • n/a

  • 0 Months

  • none

  • 4.89% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.74% p.a.

  • n/a

  • 0 Months

  • none

  • 5.09% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $150,000

  • $249,999

  • 80.00%

  • 90.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.49% p.a.

  • n/a

  • 0 Months

  • none

  • 4.84% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.69% p.a.

  • n/a

  • 0 Months

  • none

  • 5.04% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $250,000

  • $699,999

  • 80.00%

  • 90.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.44% p.a.

  • n/a

  • 0 Months

  • none

  • 4.80% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

Rates

  • 4.64% p.a.

  • n/a

  • 0 Months

  • none

  • 4.99% 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

  • none

  • $350.00 yearly

  • $250.00

Other financial bits

  • $700,000

  • none

  • 80.00%

  • 90.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Annual Package Fee waived for the first year.

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.

*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.

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