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Heritage Bank

Home Advantage Package

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RateCity Says: Bundle your home loan and credit card with the advantage package and enjoy discounts on selected rates, fees and insurance.

Advertised Rate

2.29

% p.a

Fixed - 3 years

Comparison Rate*

3.06

% p.a

Maximum LVR
95%
Real Time Rating™

3.40

/ 5
Monthly Repayment

$1,345

based on $350,000 loan amount for 30 years at 2.29%

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Advertised Rate

2.29

% p.a

Fixed - 3 years

Comparison Rate*

3.06

% p.a

Maximum LVR
95%
Real Time Rating™

3.40

/ 5
Monthly Repayment

$1,345

based on $350,000 loan amount for 30 years at 2.29%

Go to site
View Now

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,345

based on $350,000 loan amount for 30 years at 2.29%

Quick home loan review

For Home Advantage Fixed Home Loan 3 Years

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility

These are the drawbacks of this home loan.

  • No offset account
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Home Advantage Fixed Home Loan 3 Years

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

150

Application fee

0

Valuation fee

$0

Settlement fee

150

Other upfront fee

0

Ongoing fee

$350 annually

Discharge fee

300

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit Heritage Bank to view Target Market Determination.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Heritage Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Heritage Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $150 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Heritage Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Heritage Bank loan is available through a broker. Find a broker to help you with your needs.