Interest rate from
4.89% p.a.
Comparison rate from
5.53% p.a.based on $30,000
over 5 years
Upfront fee
$200
Go to site

Mozo editorial review Heritage Bank Car Loan

Last updated: 19 October 2020.

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What's hot
  • Fixed rates from 4.89% p.a. (5.53% comparison rate*)
  • Flexible repayment schedule
  • Multiple 2019 Mozo People’s Choice Award Winner
What's not
  • $200 upfront fee
Mozo snapshot

Not only does the Heritage Bank Car Loan have a competitive 4.89% p.a. fixed interest rate (5.53% comparison rate*), what really takes the cake is the reassurance in knowing that you’re banking with a 2019 Mozo People’s Choice award-winner across a whopping 5 categories including Outstanding Customer Satisfaction, Highly Trusted and Most Recommended.

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Key features

With a competitive low fixed interest rate of 4.89% p.a. (5.53% comparison rate*), and a minimum loan amount of $5000 and a maximum of $100,000, the Heritage Bank Car Loan is a fantastic option if you’re eyeing off a new set of luxury wheels. Keep in mind that this is a secured loan, so your vehicle will end up being your security against the loan.

This loan offers term options of 1-7 years, meaning you'll have plenty of time to pay your loan off should you need it. Not to mention flexible regular repayment options, giving a choice of either weekly, fortnightly or monthly repayments.

While we’re on the topic of flexible features, you should know that the Heritage Bank Car Loan allows you to make additional loan repayments, but bear in mind, if you pay the whole loan off early, it might come at the cost of an additional fee. This loan also offers a redraw facility, which is nice to have in an emergency.

If you’re big on a good customer service experience, you’ll be happy to find that Heritage Bank has won tonne of 2019 Mozo People’s Choice awards in the Outstanding Customer Satisfaction, Excellent Customer Service, Highly Trusted, Staff Friendliness and Most Recommended categories.

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Who is it good for

The Heritage Bank Car Loan is a fantastic car loan option for anyone looking to purchase a brand new car, particularly if its a luxury vehicle that comes with a heftier price tag, since its available for loan amounts up to $100,000.

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Any catches

With every positive, there’s usually a negative. In this case, the negative is a range of additional fees, such as a $200 application fee, $5 service fee and $20 late payment fee.

Details

Rates and fees information correct as at 24 November 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
  • Fixed

  • 4.89% p.a. fixed

  • 5.53% p.a.based on $30,000
    over 5 years

Fees
  • $200.00

  • $5.00

  • $20.00

  • $0.00

  • 0

Other financial bits
  • $5,000.00

  • $100,000.00

  • 1 Year

  • 7 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Customer Reviews

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

Overall
8.5/10
Price
7.6/10
Features
7.3/10
Customer service
8.8/10
Convenience
8.2/10
Trust
8.5/10

Latest review of Heritage Bank Car Loan

  • Overall 10/10
    Excellent customer service.

    Very satisfied customer, prompt and informative customer service that made applying for a car loan very straight forward. Highly recommend this bank.

    Read full review

    Very satisfied customer, prompt and informative customer service that made applying for a car loan very straight forward. Highly recommend this bank.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Linda, Victoria reviewed 10 days 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.

See Heritage Bank personal loans

Heritage Bank

Heritage Bank

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7.99% p.a.

8.62% p.a.

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6.95% p.a.to 17.95% p.a.based on $30,000
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6.99% p.a.to 12.2% p.a.based on $10,000
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OurMoneyMarket

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6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Symple Loans

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5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Alex

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6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

Liberty

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Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

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New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

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6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.49% p.a.to 8.99% p.a.

6.84% p.a.to 9.34% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00