Heritage Bank Home Loans

Heritage Bank is a provider of home loans, banking and investment products, as well as home insurance, landlord insurance, and other types of insurance.

What home loans does Heritage Bank offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from Heritage Bank that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in QLD with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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Heritage Bank home loan features

A Heritage Bank home loan may include the following, depending on which option you choose:

  • The ability to make unlimited extra repayments
  • Access to redraw facilities via online banking
  • Ability to split your loan between fixed and variable interest
  • Interest only payment options for investment loans
  • A mobile app that provides online banking and account access services
  • Loan top up facilities on variable loans
  • Repayments may be made weekly, fortnightly, or monthly

The inclusions above represent a selection of the features available with Heritage Bank home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with Heritage Bank and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

Heritage Bank Home Loans FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs. 

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If you decide to apply for a Heritage Bank home loan, you can submit an application through the Heritage Bank website. After completing the online form, Heritage Bank advises that a branch manager or loan specialist will contact you by the end of the following business day to further your application. Heritage Bank also provides a home loan application checklist of necessary information to have on hand.

Further enquiries regarding your application can be made through the Heritage Bank website, over the phone or fax or via email.

At the time of writing, Heritage Bank allows extra repayments on its home loans, but a break fee may be charged for fixed rate home loans that are paid out before the end of an agreed period.

Terms and conditions may apply, contact Heritage Bank or visit its website for details.

To give you an idea of how making extra repayments could help you save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

At the time of writing, Heritage Bank offers online redraw facilities on their fixed and variable rate home loans through its online banking. Redraw facilities give you access to additional payments that you have made on your home loan. Heritage Bank says that redraw transaction amounts must fall within your current Heritage Online internet banking limits, but transfers outside of this may be arranged over the phone or in a branch.

Contact Heritage Bank or visit the Heritage Bank website for further details.

Heritage Bank was founded in 1981 following the merger of the Toowoomba Permanent Building Society and the Darling Downs Building Society, which were both established in the late 1800s. According to its website, Heritage Bank is Australia’s largest customer-owned bank.

Written by: Eliza Parry-Okeden | Last updated: September 27, 2019