Not only does the Heritage Bank Car Loan have a competitive 4.89% p.a. fixed interest rate (5.53% p.a. comparison rate*), but it also comes with loads of flexible features, such as weekly, fortnightly or monthly repayment options, free extra repayments, plus more.
What's more - the Heritage Bank Car Loan has taken home a 2022 Mozo Experts Choice Award.
With a competitive low fixed interest rate of 4.89% p.a. (5.53% p.a. comparison rate*), and a minimum loan amount of $5,000 and a maximum of $100,000, the Heritage Bank Car Loan could be 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 free additional loan repayments, plus, it also comes with a redraw facility, which is nice to have in an emergency.
The Heritage Bank Car Loan could be a fantastic car loan option if you're looking to purchase a brand new car, particularly if its a luxury vehicle that comes with a heftier price tag, since it's available for loan amounts up to $100,000.
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 $30 late payment fee.
|
Fixed |
|
|
4.89% p.a. fixed |
|
|
5.53% p.a.based on $30,000 |
|
$200.00 |
|
|
$5.00 |
|
|
$30.00 |
|
|
$0.00 |
|
|
0 |
|
$5,000.00 |
|
|
$100,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
|
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.
Very satisfied customer, prompt and informative customer service that made applying for a car loan very straight forward. Highly recommend this bank.
Read full reviewVery satisfied customer, prompt and informative customer service that made applying for a car loan very straight forward. Highly recommend this bank.
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