Heritage Bank logo

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

Mozo editorial review Heritage Bank Standard Personal Loan (Unsecured)

Last updated: 6 May 2021.

binocular icon
What's hot
  • 7.99% p.a. fixed 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.

key icon
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 loans available up to seven 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.

question icon
Any catches

Be aware that 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 9 May 2021. 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

  • 7 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 9 May 2021. 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

  • 7 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)

Thumbnail icon for 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

Thumbnail icon for NOW Finance

NOW Finance

Unsecured Personal Loan

5.95% p.a.to 17.95% p.a.

5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.39% p.a.to 7.49% p.a.

6.39% p.a.to 8.19% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

5.40% p.a.

6.36% p.a.based on $30,000
over 5 years

Thumbnail icon for Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 25.99% p.a.

6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years

Thumbnail icon for Alex

Alex

Personal Loan

5.49% p.a.to 19.99% p.a.

5.49% p.a.to 19.99% p.a.based on $30,000
over 5 years

Thumbnail icon for Wisr

Wisr

Unsecured Personal Loan

6.49% p.a.to 19.95% p.a.

6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years

Thumbnail icon for MoneyMe

MoneyMe

Personal Loan

6.25% p.a.to 19.95% p.a.

7.64% p.a.to 21.35% p.a.based on $30,000
over 5 years

Thumbnail icon for SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

5.95% p.a.to 9.99% p.a.

5.95% p.a.to 10.7% p.a.based on $30,000
over 5 years

Thumbnail icon for loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

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

Thumbnail icon for NOW Finance

NOW Finance

Secured Personal Loan

4.45% p.a.to 15.45% p.a.

4.45% p.a.to 15.45% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Car Loan

5.35% p.a.

5.65% p.a.based on $30,000
over 5 years

Thumbnail icon for 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

Thumbnail icon for 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

Thumbnail icon for Plenti

Plenti

Used Car Loan (Fixed)

5.29% p.a.to 9.99% p.a.

5.84% p.a.to 10.56% p.a.based on $30,000
over 5 years

Thumbnail icon for CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

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

Thumbnail icon for NOW Finance

NOW Finance

Unsecured Personal Loan

5.95% p.a.to 17.95% p.a.

5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.29% p.a.to 8.48% p.a.

6.36% p.a.to 8.69% p.a.based on $30,000
over 5 years

Thumbnail icon for Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 25.99% p.a.

6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years

Thumbnail icon for Alex

Alex

Personal Loan

5.49% p.a.to 19.99% p.a.

5.49% p.a.to 19.99% p.a.based on $30,000
over 5 years

Thumbnail icon for Wisr

Wisr

Unsecured Personal Loan

6.49% p.a.to 19.95% p.a.

6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years

Thumbnail icon for SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

5.95% p.a.to 9.99% p.a.

5.95% p.a.to 10.7% p.a.based on $30,000
over 5 years

Thumbnail icon for MoneyMe

MoneyMe

Personal Loan

6.25% p.a.to 19.95% p.a.

7.64% p.a.to 21.35% p.a.based on $30,000
over 5 years

Thumbnail icon for Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.39% p.a.to 7.49% p.a.

6.39% p.a.to 8.19% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance

NOW Finance

Unsecured Personal Loan

5.95% p.a.to 17.95% p.a.

5.95% p.a.

$0.00

Thumbnail icon for Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.39% p.a.to 7.49% p.a.

6.39% p.a.

$0.00

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

5.40% p.a.

6.36% p.a.

$0.00

Thumbnail icon for Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 25.99% p.a.

6.47% p.a.

$10.00

Thumbnail icon for Alex

Alex

Personal Loan

5.49% p.a.to 19.99% p.a.

5.49% p.a.

$0.00

Thumbnail icon for Wisr

Wisr

Unsecured Personal Loan

6.49% p.a.to 19.95% p.a.

6.76% p.a.

$0.00

Thumbnail icon for MoneyMe

MoneyMe

Personal Loan

6.25% p.a.to 19.95% p.a.

7.64% p.a.

$10.00

Thumbnail icon for SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

5.95% p.a.to 9.99% p.a.

5.95% p.a.

$0.00