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Trust Heritage to cover the most valuable things in your life with an extensive range of insurance products to give you priceless peace of mind.

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Offset Accounts

Offset Accounts

Pay off your home sooner and save money at the same time.

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Security & Privacy

We take the ongoing trust that you place in us to protect your personal information very seriously.

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Home Loans

Switching your home loan to Heritage could save you thousands. As a customer-owned bank, we answer to you, so we do everything we can to help you save money, with better interest rates and lower fees on your mortgage.

As well as ensuring we've got some of the lowest rates around, our home loans are also packed with features you'll struggle to find elsewhere, like unlimited extra payments and re-draws on our fixed rate loans (as well as variable loans of course) and a customer satisfaction rating that has averaged more than 90% for the last 17 years.

If you're shopping around for a new home loan, call us on 13 14 22 or visit your local branch. We're happy to chat. No pressure, and we're here from 8:30am-7:00pm AEST Monday to Saturday.

Find the right home loan for you

Select and compare our wide range of home loans.

Fixed Rate

This is the home loan for people who prefer some financial certainty.

Standard Variable

A variable loan with few restrictions and penalties.

Bridging Loan

Buy your new dream home while your existing one is on the market.

Discount Variable

A special discounted variable rate home loan with basic features.

Professional Package

Bundle your loan, credit card and transaction account in this great package.

Offset Accounts

Pay off your home sooner and save money at the same time.

Basic Variable

A great basic loan with a low interest rate.

Living Equity line of credit

Use the equity in your home for additional borrowing.

How to save money on your home loan

Borrowing to purchase a home is probably one of the largest financial transactions most of us will make. It’s really important our customers get the right advice and the right products. For a better understanding, we sat down with Brisbane Regional Manager Dianne White who took us through some of the key ways our customers can save money on their Heritage Bank home loan.

How can customers save money on their home loan?

We have a number of ways that customers can save on their home loans—something as simple as making their payments in line with their pay cycle. If that was weekly or fortnightly, that would reduce the interest payable over the long term. And certainly with the long term, they could make additional repayments. We have total flexibility on all of our loan products with loan repayment. Should they receive a small windfall, whether it’s tax return, an inheritance, a lotto win, any of that can be applied to their home loan. And again they’re paying that directly out of the principal that will directly reduce the interest for them in the long term. Some of their loan products allow an offset account that also will help them to save money on their loan.

What are the benefits of having an offset account?

The benefit of having an offset account is that you can reduce the interest that’s payable on your home loan. The way that works is that you’d pay your salary, your wages or any other credit you might get into your account. Leave them in the account for as long as you can to offset against your loan balance. The way that offset works on a full offset is if you were to have a loan balance of $100,000, and today you have $10,000 in your offset account, we would apply the interest just against that net balance of $90,000.

How can you maximise the funds in your offset account?

Ideally, in order to maximise those deposits in your account, you would put most of your monthly expenses onto a Heritage Visa. We can set up an automatic repayment which ensures that would be cleared monthly by the due date so you wouldn’t incur any interest, thereby maximising the benefit of the funds sitting in your account, offsetting against your loan.

What are the benefits of having a larger deposit?

Having a larger deposit helps you in a number of ways. Firstly, the larger the deposit, the smaller the loan amount that you need to borrow. Clearly, the payments will be less; the interest will be less. But it also helps you in terms of the setup fees on the loan. Any loan, when you have less than a 20% deposit, we will insure that loan. We lend up to 95% of the purchase of a property. And that premium that is charged by the insurer is on a sliding scale. If you were borrowing 95% of the purchase price of the property, obviously that would be a larger premium than if you were able to borrow 85%. So clearly, it’s in your best interest the greater the deposit you can accumulate. That will definitely help you. Having said that, we do lend up to 95% of the purchase price of those properties.

What are the top features of Heritage Bank’s products?

If I was to nominate the top 5 features of our products, would be number 1. You have the ability to make additional repayments on all of your loans. We have a withdraw facility. We have an offset ability with a number of our loan products. And certainly our fixed rate options are some of the best. Remember, a house is one of the biggest and most important purchases you will make. Borrowing to purchase a home is probably one of the largest financial transactions most of us will make. So it’s really important that we get that right, we get the right advice and the right products. Here at heritage we have a very comprehensive and very competitive range of products. But we couple that with our award winning service by our expert home loan lenders.

* No Home Loan Application Fee promotion March - April 2014

  1. The person conducting this promotion is Heritage Bank Limited ABN 32 087 652 024 (Heritage), AFSL and Australian Credit Licence 240984.
  2. The promotion is open to new customers and existing customers opening an eligible new home loan with Heritage.
    1. Eligible ‘new home loans’ included:
      1. Standard variable
      2. Basic variable
      3. Discount variable
      4. Bridging loans
      5. Fixed rate loans
      6. Build loans
      7. Living Equity (line of credit)
      8. Professional Package, variable, fixed and line of credit
      9. New Professional Package loans, with at least ONE new loan opened
      10. Alliance loans
      11. API Alliance line of credit loans (all other API Alliance loans already have the application fee waived)
  3. To be eligible for $0 application fee, a customer must apply for a new Heritage home loan between 1 March – 30 April 2014, with the loan to be disbursed by 31 July 2014.
  4. If the customer opens a Professional Package, the annual fee will be waived for the first 12 months.
  5. Promotion is only available for new home loan applications and excludes:
    1. Business and commercial loans
    2. Equity loans
    3. Further advances (including further advance to build)
    4. Switching
    5. Split loan applications on existing Heritage Bank home loans
    6. Internal refinances
    7. Borrowing for alterations and additions