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Heritage Bank Standard Personal Loan (Unsecured)

Advertiser disclosure

The details shown below are for a fixed loan between $5,000 and $25,000

The details shown below are for a variable loan between $5,000 and $25,000

Choose the version of this loan that suits you best

  • Loan: $5,000 $25,000

  • Loan: $5,000 $25,000

Interest rate from
7.99% p.a.
Comparison rate from
8.62% p.a.based on $30,000
over 5 years
Upfront fee
$200
Go to site
Interest rate from
11.99% p.a.
Comparison rate from
12.61% p.a.based on $30,000
over 5 years
Upfront fee
$200
Go to site

Mozo editorial review Heritage Bank Standard Personal Loan (Unsecured)

Last updated: 19 October 2020.

binocular icon
What's hot
  • 7.99% p.a. interest rate (8.62% p.a. comparison rate)*
  • Redraw facility & extra repayments
  • Flexible repayment options
What's not
  • $200 upfront fee
Mozo snapshot

Planning the annual family holiday? Or maybe you’re looking to revamp your kitchen? Whatever big purchase you have on the horizon, the Heritage Bank Standard Personal Loan (unsecured) will take the financial weight off your shoulders now so you can gradually chip away at the total cost over time. With a competitive fixed interest rate and plenty of flexible features, the Heritage Bank Standard Personal Loan (unsecured) will get you on the right track.

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Key features

With Heritage Bank's Standard Personal Loan, you can choose a fixed interest rate from 7.99% p.a.(8.62% p.a. comparison rate*), or a variable interest rate from 11.99% p.a. (12.61% p.a. comparison rate*).

On top of these competitive interest rates, this loan also offers a range of flexible term options, with fixed interest rate loans available up to five years and variable interest rate loans available up to 10 years. Plus you can choose to make your repayments weekly, fortnightly or monthly.

With a minimum loan amount of $5,000 and a maximum of $25,000, the Heritage Bank Standard Personal Loan is an unsecured loan, meaning you won’t have to put your car or any other assets up as security.

While this loan allows you to make extra payments, keep in mind that you might incur an additional penalty fee for doing so. It's also good to know that if at any point you should need access to extra funds, this loan has a redraw facility, meaning that you’ll be able to dip into any extra repayments you’ve made. Keep in mind, if you have made additional loan repayments, it’s best not to touch them unless you really need to. Otherwise, you're just undoing all your hard work to pay off your loan early.

The Heritage Bank Standard Personal Loan (Unsecured) charges a range of fees, including a $200 application fee, $5 service fee and $20 late payment fee.

snapshot
Who is it good for

The Heritage Bank Standard Personal Loan (Unsecured) is an excellent option for anyone who's face-to-face with a big expense, like a holiday or home renovation, or wants to consolidate their debt, and would like to pay it off gradually over time at a competitive interest rate.

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Any catches

Be aware, if you are looking to use this loan to purchase a vehicle, it must be over five years old. For newer cars, you could consider the Heritage Bank Car Loan instead. 

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

  • 7.99% p.a. fixed

  • 8.62% 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

  • $25,000.00

  • 1 Year

  • 5 Years

  • Unsecured

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.

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
  • Variable

  • 11.99% p.a.variable

  • 12.61% 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

  • $25,000.00

  • 1 Year

  • 10 Years

  • Unsecured

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 reviews of Heritage Bank Standard Personal Loan (Unsecured)

  • Overall 10/10
    Easy to understand with a personal touch

    I needed a personal loan in a hurry and I was able sit down face to face with a branch manager and discuss my options. Once everything was agreed upon the funds were available to me within 24 hours. The repayment plan was easy to follow and access through my mobile app. I opted for the automatic repayment at fortnightly intervals as that worked for me but there were many options available. Best feature for me was actually talking to a person who could help me understand in layman terms.

    Read full review

    I needed a personal loan in a hurry and I was able sit down face to face with a branch manager and discuss my options. Once everything was agreed upon the funds were available to me within 24 hours. The repayment plan was easy to follow and access through my mobile app. I opted for the automatic repayment at fortnightly intervals as that worked for me but there were many options available. Best feature for me was actually talking to a person who could help me understand in layman terms.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Miranda, Queensland reviewed 21 days ago
  • Overall 10/10
    'Competitive features and great customer service'

    Heritage has the best rates and staff with the best customer service and advice. The lowest interest rate and fees.

    Read full review

    Heritage has the best rates and staff with the best customer service and advice. The lowest interest rate and fees.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kevin, Queensland reviewed almost 6 years ago
  • Overall 9/10
    Great customer focused bank

    Have always looked after me, very easy to contact and always willing to help no matter what, will be taking out my home loan through them also.

    Read full review

    Have always looked after me, very easy to contact and always willing to help no matter what, will be taking out my home loan through them also.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Blake, Queensland reviewed about 6 years ago
  • Overall 8/10
    The best customer service

    Everything about Heritage Bank is excellent, I can't fault them in anyway.

    Read full review

    Everything about Heritage Bank is excellent, I can't fault them in anyway.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Jenny, Queensland reviewed about 7 years ago
  • Overall 10/10
    Love Heritage no traps , people bank fantastic!!!

    this bank is one of the loves in my life. im happy, safe and secure and get treated wonderfully.

    Read full review

    this bank is one of the loves in my life. im happy, safe and secure and get treated wonderfully.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Amanda, Queensland reviewed over 8 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.

See Heritage Bank personal loans

Heritage Bank

Heritage Bank

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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

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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

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

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

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

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

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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

Secured Car Loan (Fixed)

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

NOW Finance

NOW Finance

Unsecured Personal Loan

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

6.95% p.a.

$0.00

Plenti

Plenti

Unsecured Personal Loan (Fixed)

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

6.84% p.a.

$0.00

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

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

6.96% p.a.

$0.00

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

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

6.99% p.a.

$0.00

Liberty

Liberty

Personal Loan

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

6.45% p.a.

$0.00

Alex

Alex

Personal Loan

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

6.95% p.a.

$0.00

Symple Loans

Symple Loans

Personal Loan

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

6.47% p.a.

$10.00

Wisr

Wisr

Unsecured Personal Loan

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

8.22% p.a.

$0.00