Heritage Bank Car Loan

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 year(s).

Find out more about this loan, and whether it's right for you, in this review.

Product NameHeritage Bank Car Loan
Interest Rate (p.a.)From 6.99% (fixed)
Comparison Rate (p.a.)7.62%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$100,000
Loan SecuritySecured


  • Finance a new or used car
  • Large maximum loan amount
  • Weekly, fortnightly or monthly repayments


  • $200 application fee
  • Monthly fee of $5

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(s) and the maximum loan term is 7 year(s).

You benefit from a fixed rate loan that starts from a competitive 6.99% p.a. with a comparison rate of 7.62% 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 6.99% p.a. and a comparison rate of 7.62% 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(s) to 7 year(s) 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 options before making a final decision.

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Car Loan Offers

Important Information*
Latitude New and Used Car Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Loans.com.au - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

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