Home Loan & Mortgage Comparison

Rates effective from 11 May 2012 and subject to change without notice. All rates are calculated on a per annum (p.a.) basis.

1. Break Fee is payable if the loan is repaid within the the term of the fixed rate.
2. Further advances not available during introductory/fixed interest rate term. Outside that period, further advances are available for same fee as shown above for Standard Variable.
3. Further advance application fee is calculated as $7.50 per $1,000 (or part thereof) advanced with a minimum fee of $400 and a maximum fee of $600.
4. Application fee may be reduced by up to $200 on some loan products if other nominated Heritage products and services (Visa credit card $75, pay credit $75, risk insurance $100, general insurance $100) are packaged with this loan. 
5. The valuation on first security when establishing a new loan or Further Advance/Limit Increase is covered by Heritage to a maximum of $330. Excess valuation fees may apply in some circumstances where valuation fee exceeds $330 or where more than one valuation is required. If a valuation is required during the term of the loan the borrower will be charged the full cost for said valuation.
6. Heritage will lend to 95%, including LMI premium, but must demonstrate 5% genuine savings.
7. Introductory Visa card interest rate applies for the first 12 months after issuing the card and is only valid when a new Visa credit card application is submitted in conjunction with a home loan application.
8. Fee is 0.12% of the basic loan amount and is non refundable.