Heritage Bank announces cuts to home loan rates

6 September 2019

Heritage Bank has kicked off spring with a boost for homebuyers, today announcing cuts to interest rates on a range of its owner-occupied and investor home loans.

Effective from today, 6 September, Heritage will reduce fixed rate home loans by up to 0.30%, selected owner occupier rates by up to 0.10%, and investor variable rates by up to 0.15% for new borrowers.

The lowest rate now available on a new fixed rate owner-occupier home loan at Heritage is 2.99%*.

CEO Peter Lock said the mortgage lending landscape remained highly competitive however Heritage continued to offer home loan rates amongst the sharpest in the market.

“As a customer-owned bank, our focus is on providing our members with great value overall,” Mr Lock said. 

“Offering these competitive rates to new owner-occupiers and investors is just one of the ways Heritage is attracting and growing its customer base to ensure we stay strong into the future.

“Unlike the big banks, our focus is not on maximising profits for shareholders, instead we look to provide genuine value by combining our great rates with personalised service and award winning products.” 

For more information about Heritage’s home loan rates visit heritage.com.au/loans/home-loans

*Home Advantage Package 3-year fixed rate $150k+, Owner-Occupied, Principal & Interest