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.
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.
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.
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.
Fixed
4.89% p.a. fixed
5.53% p.a.based on $30,000
over 5 years
$200.00
$5.00
$20.00
$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.
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.
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.
$5.00
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
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
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
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
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
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
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
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
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
Car Loan
5.50% p.a.
5.85% p.a.based on $30,000
over 5 years
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
loans.com.au
New Car Loan (Fixed)
4.67% p.a.
5.22% p.a.based on $30,000
over 5 years
P&N Bank
Secured Personal Loan
6.81% p.a.
7.80% p.a.based on $30,000
over 5 years
loans.com.au
Clean Green Car Loan
3.97% p.a.
4.51% p.a.based on $30,000
over 5 years
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
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
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
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
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
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
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
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
