Heritage Bank Car Loan

Last updated:  

Finance a new or used car that’s up to five years old with the Heritage Bank Car Loan.

Heritage Bank lets you benefit from flexibility with its Car Loan. You can finance either a new vehicle or one that is aged up to five years old while taking advantage of the same competitive rate. You also have your choice of weekly, fortnightly or monthly repayments and the choice of loan terms up to 7 years.


Application Fee

4.89% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Max Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameHeritage Bank Car Loan
Interest Rate (p.a.)4.89% (fixed)
Comparison Rate (p.a.)5.53%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max Loan Amount$100,000

Main points to consider with the Heritage Bank Car Loan

This car loan is secured and you can use either a new or secondard car as the security. The used car can be up to five years old. You can apply for a minimum of $5,000 and a maximum of $100,000. The minimum loan term is 1 year and the maximum loan term is 7 years.

You benefit from a fixed rate loan that starts from a competitive 4.89% p.a. with a comparison rate of 5.53% p.a.

Features of the Heritage Bank Car Loan

Some of the features associated with this car loan include:

  • A fixed rate. With rates starting from 4.89% p.a. and a comparison rate of 5.53% p.a. available, this rate is fixed so you have the certainty of knowing what your repayments will be each month.
  • Flexible repayment terms. You are able to tailor your repayments to your cash flow schedule. You can benefit from weekly, fortnightly or monthly payments.
  • Flexible loan terms. You are able to choose from 1 year to 7 years in order to pay off your new or used vehicle.
  • Choose from a new or used vehicle. You can choose from a new vehicle or a used vehicle up to five years old.
  • Large borrowing amounts. Choose from a minimum of $5,000 and a maximum secured amount of $100,000.
  • 100% finance available. If you are approved, you are able to benefit from 100% finance.

Fees and charges

A fee schedule will be created for you after approval for the amount you have applied for. However, some fees you can expect to be charged include:

  • A monthly loan fee of $5
  • A fee will be charged upon paying the amount owed in full at any time
  • An application fee of $200
  • A redraw additional repayments fee

How to apply for the Heritage Bank Car Loan

You can apply for this car loan through an online application, over the phone or in branch. In order to be eligible, click on "Go to Site" and ensure you meet the following criteria:

  • Be 18 or older
  • Be an Australian permanent resident or Australian citizen
  • Be able to financially meet your obligations with this loan

Some documents you need to provide include:

  • Your assets and liabilities situation. This can be shown using payslips, bank statements and bills.

This car loan is an option to consider when it comes to looking for your finance options in getting your dream car. However, examine other car loan options as well to grab best car loan deal before making a final decision.

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    August 14, 2019

    Hi Would like an easy way to find a car loan just for pensioners eg: states you borrow with a good credit rating value up to 31000 if possible. Instead of clicking into each one if possible.

      Default Gravatar
      August 15, 2019

      Hi Lisa,

      Thanks for leaving a question on our page. Here is the page showing car loans for pensioners.

      To compare car loans in the table provided above, and select different loan amounts and repayment periods to see how much you’ll be paying back each month. This can help you work out whether you’re going to be able to keep up with repayments and whether your application will be accepted by different providers. It can also help you put the interest rates in more concrete terms and work out how much you’ll be repaying per month.

      Once you’ve found a loan that is right for you, you can apply by clicking “Go to site” and following the instructions. The application form will ask for personal and financial information, proof of your pension and other income, assets or liabilities.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps. Feel free to reach out to us again for further assistance.


Go to site