Heritage Bank

From Friday, 1 September, Heritage Bank will temporarily stop accepting new applications for investment home loans. Read more

The Heritage Bank 'People first' Difference

As Australia’s largest customer-owned bank, we’ve been in the business of putting people first since 1875. Unlike the big banks, we’re not affected by the proposed bank levy. And with no shareholders to pay, we can return a large share of our profits to our customers and communities, through better rates and fairer fees, and grants and support for local community activities.

Home loan rates from

3.97 %pa
3.99 %pa

Building equity in your property

Having equity in your home means the difference between the value of your property and how much you owe on it. Check out the ways you could build equity in your property and how you might consider using your equity.

What is LVR and how is it calculated

Loan to value ratio (LVR) is a term you will come across when applying for a home loan. It is the ratio of the loan amount against the value of the property you have selected (and used as security for the loan).

The home loan application process

The process of getting a home loan can seem confusing and stressful, particularly if you’re waiting on approval to make a home purchase unconditional. We've put together some points on our home loan application process to help make things easier.

To approved applicants only. No application fee offer valid for new standard variable, discount variable and fixed rate home loans and no annual fee for first year of Home Advantage package loans, applied for between 1 September and 31 October 2017, and disbursed by 31 January 2018. Offer not valid for further advances, living equity or line of credit loans, bridging loans, business loans, existing customers switching loans, internal refinances, or borrowing for alterations and additions. Conditions, criteria and fees apply.

Conditions, criteria and fees apply. Please consider the Guide to Heritage Deposit Products (available in-branch, by phoning 13 14 22 or at heritage.com.au) before you decide whether this product is right for you. To be eligible, a customer & regular pay must be deposited into an eligible Heritage account. Full Terms and conditions for this competition can be found by clicking here .

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.