With energy prices rising, switch to a cheaper plan
Compare Prices Now
Heritage Bank Logo

Heritage Bank Home Loans

Heritage Bank has home loan rates starting from 2.9%.

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!

Heritage Bank offers a range of home loans for Australian borrowers. Check out the full table of Heritage Bank products below or read more about the lender.

Compare Heritage Bank home loans for July 2022

1 - 5 of 15
Name Product Comparison Rate Fees Monthly Payment

Heritage Bank Discount Variable Home Loan
Principal & interestOwner-occupier20% min. deposit
Principal & interestOwner-occupier20% min. deposit
Interest Rate
  • Application: $600
  • Ongoing: $0 p.a.
A limited time special offer when you borrow more than $150,000.

Heritage Bank Advantage Package Fixed
Principal & interestOwner-occupier 1Y Fixed5% min. deposit
Principal & interestOwner-occupier 1Y Fixed5% min. deposit
Interest Rate
  • Application: $0
  • Ongoing: $350 p.a.
Get a partial offset account and flexible repayments with this package loan.

Heritage Bank Advantage Package Fixed
Principal & interestInvestment 1Y Fixed10% min. deposit
Principal & interestInvestment 1Y Fixed10% min. deposit
Interest Rate
  • Application: $0
  • Ongoing: $350 p.a.
Make extra repayments and unlock package discounts on other Heritage Products. New customers only.

Heritage Bank Fixed Rate Home Loan
Principal & interestOwner-occupier 2Y Fixed5% min. deposit
Principal & interestOwner-occupier 2Y Fixed5% min. deposit
Interest Rate
  • Application: $600
  • Ongoing: $8 per month
Get a fixed rate for two years and borrow up to 95%.

Heritage Bank Fixed Rate Home Loan
Principal & interestOwner-occupier 3Y Fixed5% min. deposit
Principal & interestOwner-occupier 3Y Fixed5% min. deposit
Interest Rate
  • Application: $600
  • Ongoing: $8 per month
Fix your rate and enjoy a partial offset account along with flexible repayments.

Compare up to 4 providers

Heritage Bank key facts

  • It's a customer owned bank.
  • It offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as credit cards, insurance, car and personal loans.

Heritage Bank home loan features

Here are the key features and details you need to know about Heritage Bank's mortgage products.

Minimum depositIt's possible to get a home loan with a deposit as low as 5%.
Offset accountYou can get an offset account with several of its loans.
Repayment optionsMany of its home loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans.

How do I apply for a mortgage from Heritage Bank?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.


The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • 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 Heritage Bank 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:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, 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).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

Home Loan Offers

Important Information*

Find the right home loan now

Ask an Expert

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.

6 Responses

  1. Default Gravatar
    ShaneDecember 5, 2015

    hi, i wondering if heritage bank provide home loans for newstart clients? im looking to buy a home for around 300 thousand dollars and have $178,000. i wish to put down $158k and use the remaining on stamp duty and other expenses. please let me know if there is any way this could work.

    • Default Gravatar
      BelindaDecember 7, 2015

      Hi Shane,

      Thanks for your enquiry,

      We cannot comment on whether Heritage Bank will provide home loans for Newstart clients as it will depend on a range of factors including any other income or benefits you receive, your assets, liabilities, and credit score. Most banks treat this kind of application on a case-by-case basis.

      You can learn more about home loans for Centrelink recipients where you can also get in touch with a mortgage broker who can draw upon their panel of lenders to find one that’s more likely to review your application.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.


  2. Default Gravatar
    MargaretDecember 27, 2014

    Is there a branch in Cairns.

    • Avatarfinder Customer Care
      ShirleyDecember 29, 2014Staff

      Hi Margaret,

      Thanks for your question.

      There are no locations within 400km of Cairns. Please call Heritage Bank’s contact centre and they will be pleased to assist.


  3. Default Gravatar
    ChrisApril 15, 2014

    What percentage of the value of my house can I have equity line of credit?

    • Avatarfinder Customer Care
      MarcApril 15, 2014Staff

      Hi Chris,
      thanks for the question.

      This will depend on the amount you wish to borrow. If you intend to borrow up to $200,000 with the Heritage Bank Living Equity loan you might be able to borrow up to 85% of your property value. If you borrow between $200- $300,000, you might be able to borrow up to 80% of your property, and for amounts higher than this you could be able to borrow up to 75% of the property value.

      I hope this helps,

Go to site