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Heritage Bank products offer a range of packages for different needs. Check out our range of products for an overview of interest rates, fees and more. Or you can compare with our product comparison tools.
Last updated 13 December 2024
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Important disclosures
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This table shows a range of products, and we may receive payment if you use the links provided. It does not show all providers or all products from the providers. Mozo is paid a fee by the product issuer if you use a link on our site to go to their site from ours, make an inquiry, or you take out a product with them. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo. You do not pay any extra for using our service.
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Products are initially shown with ‘Promoted’ products at the top that we have chosen to advertise more prominently. The table beneath lists products that meet the information in the filter, sorted according to estimated repayments for loans, and interest rates for deposits. You can change the filter settings to see other products.
We provide only general advice
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
Heritage Bank business loans
Fully Drawn Loan
Interest rate
Upfront fee
Funding speed
7.10% p.a. variable
Negotiable
Varies
No Partner link
Details Close
Interest Rate
7.10% p.a. variable
Upfront Fee
Negotiable
Ongoing Fees
$20 monthly
Late payment fee
$0.00
Transaction fee
-
Early repayment penalty
$0
Other fees
-
Loan type
Loan
Security type
Secured
Minimum loan amount
$20,000
Maximum loan amount
-
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
$250
Repayment frequency
Weekly, Fortnightly, Monthly
Repayment types
interest only, principal and interest
Card access
no
Redraw allowed
yes - with $20 fee
Extra repayments allowed
yes
Other benefits
-
Other restrictions
Residential Security Interest Rate. A break fee applies to fixed term loans if broken early.
Line of Credit
Interest rate
Upfront fee
Funding speed
8.00% p.a. variable
Negotiable
Varies
No Partner link
Details Close
Interest Rate
8.00% p.a. variable
Upfront Fee
Negotiable
Ongoing Fees
$20 monthly
Late payment fee
$0.00
Transaction fee
First five transactions free, then $2.00 per transaction.
Early repayment penalty
n/a
Other fees
-
Loan type
Line of credit
Security type
Secured
Minimum loan amount
$50,000
Maximum loan amount
$500,000
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
$250
Repayment frequency
Monthly
Repayment types
n/a
Card access
yes
Redraw allowed
n/a
Extra repayments allowed
n/a
Other benefits
-
Other restrictions
-
Business Overdraft
Interest rate
Upfront fee
Funding speed
8.00% p.a. variable
Negotiable
Varies
No Partner link
Details Close
Interest Rate
8.00% p.a. variable
Upfront Fee
Negotiable
Ongoing Fees
$30 monthly
Late payment fee
$0.00
Transaction fee
Free from internet, phone, counter deposit. 10 free from cheque, counter withdrawal, own-bank ATM and Eftpos otherwise $0.50 (Network ATMs $1.75) . non-network ATMs $1.75.
Early repayment penalty
n/a
Other fees
-
Loan type
Overdraft
Security type
Secured
Minimum loan amount
$20,000
Maximum loan amount
-
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
$250
Repayment frequency
n/a
Repayment types
n/a
Card access
yes
Redraw allowed
n/a
Extra repayments allowed
n/a
Other benefits
-
Other restrictions
-
Equipment Loan
Interest rate
Upfront fee
Funding speed
7.74% p.a. variable
$450
Varies
No Partner link
Details Close
Interest Rate
7.74% p.a. variable
Upfront Fee
$450
Ongoing Fees
$0
Late payment fee
$0.00
Transaction fee
-
Early repayment penalty
-
Other fees
-
Loan type
Loan
Security type
Secured
Minimum loan amount
$20,000
Maximum loan amount
$500,000
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
-
Repayment frequency
-
Repayment types
Principal & Interest
Card access
no
Redraw allowed
-
Extra repayments allowed
-
Other benefits
-
Other restrictions
-
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
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We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
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