As a general guide, fixed rate loans suit people who want to know exactly how much they'll pay each month. Discount Variable loans are great for those who want the lowest variable rate. Our Fixed Rate and Standard Variable loans all have the option to be packaged with a credit card in our Home Advantage Package.
The Loan Term sets the maximum time you have to pay the loan back. All of our Home Loans have terms of up to 30 years, excluding our Bridging Loan. Our Bridging Loan has a maximum term of 6 months.
Minimum Loan Amount
Redraw Extra Repayments
All of our Home Loans have a redraw facility, excluding our Bridging Loan. This means you can make repayments in advance and take out this extra money out whenever you need. Set up free Online Redraw to move money in our Mobile Banking App or Heritage Online 24/7.
Interest Only Term
The maximum amount of time the loan can be interest-only.
|Discount Variable||5 years for investors only|
||5 years for investors only
|Standard Variable||5 years for investors only|
|Fixed Rate in Package ⚐||5 years for investors only|
|Standard Variable in Package ⚐||5 years for investors only|
|Bridging Loan||6 months|
Split loans are available with all our Home Loans, excluding our Bridging Loan. A split loan allows you to have multiple loans secured by the one property. This means you could have some of your loan fixed and some variable.
An offset account is a transaction account that can reduce the amount of your home loan on which you are required to pay interest on. Learn more about how offset accounts work
|Standard Variable||Yes, 100% Offset|
|Fixed Rate in Package ⚐||No|
|Standard Variable in Package ⚐||Yes, 100% Offset|
Loan Top Up
Switch Loan Types
A Rate Guarantee is available on Fixed Rate Home Loans at Heritage for a fee of 0.15% of your basic loan amount and is current for 90 days from application.
A Rate Guarantee is optional extra on fixed loans and allows you to lock in the fixed rate you're applying for on your home loan. This means you won't pay more than the advertised rate if rates go up before the loan settles, but also allows you to benefit from a cheaper price if interest rates drop in between the time you apply and your settlement date.
Loan Service Fee
A loan service fee is a regular fee, usually monthly or annually, that is charged for the ongoing service of your loan.
||$8 per month|
|Standard Variable||$8 per month|
|Fixed Rate in Package ⚐||
$350 annual fee
|Standard Variable in Package ⚐||
$350 annual fee
|Bridging Loan||No fee|