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 Loans
Heritage Bank has home loan rates starting from 2.9%.
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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
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Heritage Bank home loan features
Here are the key features and details you need to know about Heritage Bank's mortgage products.
| Feature | Details |
|---|---|
| Minimum deposit | It's possible to get a home loan with a deposit as low as 5%. |
| Offset account | You can get an offset account with several of its loans. |
| Repayment options | Many 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.Eligibility
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).
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.
Looking for more mortgage options?
- Big Four banks. Check out interest rates from Australia's Big Four banks.
- Best home loans. Finder's top loan picks every month.
- Cheapest rates. Compare the lowest home loan rates on the market.
- Investors. Compare more loans for property investors.
- Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
More guides on Finder
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Heritage Bank Advantage Package Fixed Home Loan
Choose a competitive fixed rate with package benefits via the Heritage Bank Advantage Package Home Loan.
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Heritage Bank Discount Variable Home Loan
With the Heritage Bank Discount Variable Home Loan you can now enjoy competitive variable interest rates on your home loan with zero monthly administration fees and flexible repayment options.
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Heritage Bank fixed rate home loan
Heritage Bank is committed to putting "people first" with fixed-rate home loans that offer stability and peace of mind.
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Heritage Bank Living Equity Line of Credit home loan
The Heritage Bank Living Equity Line of Credit home loan gives you a flexible loan product with good loan limits and flexible repayments.
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Heritage Bank Reverse Mortgage home loan
You can use your home as a cash asset to acquire funds for various purposes including holidays. Take advantage of the Heritage Bank Reverse Mortgage Home Loan, facilitated by Heartland Seniors Finance.
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Heritage Bank Bridging Home Loan
Heritage Bank's Bridging Home Loan is designed for homeowners looking for a quick financing solution to buy a new home as they work on selling their current home.
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Heritage Bank Standard Variable Home Loan
Enjoy the flexibility to make additional repayments and fewer restrictions and penalties with the Heritage Bank Standard Variable Home Loan.
Home Loan Offers
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Ask an Expert
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,
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.
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.