Heritage Bank is Australia's largest customer-owned bank
Find essential information about Heritage Bank home loans on this page. Skip ahead to the full table of products or read more about Heritage Bank home loans below.
Heritage Bank's Competitive rate for...
- Home buyers. The Heritage Bank Discount Variable Home Loan - LVR <=80% (Owner Occupier) New Customers Only has a 3.67% p.a. interest rate and lets you borrow up to 80%.
- Investors. The Heritage Bank Discount Variable Home Loan - LVR <=80% (Investors, P&I) New Customers Only has a 4.02% p.a. interest rate and lets you borrow up to 80%.
Compare Heritage Bank home loans
Compare Heritage Bank home loans below. Hit "load more" to see a fuller selection of home loans and hit "Go to site" to start your application process.
Heritage Bank lender profile
- Heritage Bank was formed in 1981 when Toowoomba Permanent Building Society and the Darling Downs Building Society merged.
- Heritage Bank offers loans in four categories: fixed, discount variable, basic variable and standard variable.
- Many of the features from these four loan types can be combined and bundled for a customised package. All loans offered by Heritage Bank come with a redraw facility, portability and allow additional repayments.
Heritage Bank mortgage features
| Feature | Details |
|---|---|
| Offset account | Some Heritage Bank mortgages come with a 100% offset account, depending on the product and your borrowing situation. |
| Deposit | Some heritage bank home loans let you borrow up to 95%. These include the Heritage Bank Discount Variable Home Loan - (Owner Occupier, P&I) New Customers only or the Heritage Bank Discount Variable Home Loan - (Owner Occupier) New Customers Only |
| Redraw facility | Some of Heritage Home Loans come with a redraw facility. |
How do I apply for an Heritage Bank mortgage?
You can learn more about a specific Heritage Bank mortgage by clicking through to that product's review page. Clicking the "Go to site"' button will let you enter your details and start the process of talking to an Heritage Bank lending specialist.
Eligibility
Each Heritage Bank product have 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 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:
- 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
Looking for more mortgage options?
- Big Four banks. Check out home loan rates from Australia's Big Four banks.
- Online lenders. Compare more mortgages from online lenders.
- Mortgage brokers. Find out how to get free, expert guidance from a mortgage broker.
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.
Hi Shane,
Thanks for your enquiry,
As finder.com.au is an online comparison service, 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 these kind of applications on a case-by-case basis.
However, you can learn more about home loans for Centrelink recipients on this page 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.
Thanks,
Belinda
Is there a branch in Cairns.
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.
Cheers,
Shirley
What percentage of the value of my house can I have equity line of credit?
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,
Marc.