On this page you can find information about Bank of Heritage Isle home loans. Skip ahead to the full table of products or read more about the lender.
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Rates last updated February 22nd, 2020
Bank of Heritage Isle lender profile
- Bank of Heritage Isle (formerly Heritage Isle Credit Union) was founded in 1965 and today has more than 7,000 members. It is based in Tasmania and lends to Tasmanian customers only. In 2018 Heritage Isle became a division of Police Bank Ltd.
- Because the bank is a member-owned institution, every customer becomes a member of the bank. Profits are reinvested into the bank and its members rather than distributed to shareholders.
- Bank of Heritage Isle also offers car, home and travel insurance, banking services and some investment products.
How do I apply for a Bank of Heritage Isle mortgage?
If you'd like to apply for a home loan from Bank of Heritage Isle, please contact the lender directly.
Eligibility
Each Bank of Heritage Isle product has specific eligibility criteria but some will apply to all products. For example:
- Age. You must be over 18 years of age.
- Residency. You should be a resident of Australia.
- Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with Bank of Heritage Isle you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
- Identification documents. You will need identification such as a driver's license, passport or birth certificate.
- Proof of income documents. Recent payslips can establish your income.
- Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Detailed guide to home loan applications and paperwork
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