Business Line of Credit

A flexible form of finance, allowing you to decide when to make principal reductions, plus the ability to re-use these funds at any time during the term of the facility.  

Features
  • Minimum loan amount $50,000
  • Maximum loan amount $500,000
  • Terms up to 25 years against residential security and up to 15 years against other types of security including commercial, industrial and rural property
  • Interest-only terms apply during the currency of the facility
  • Variable interest rate
Rates

Interest Rate
Residential Security
Non Residential Security
Interest Rate
5.34%
Interest Rate
6.19%
Rates Effective From 24/08/2016
Fees

Monthly administration fee $20.00
Application fee Available upon request
Heritage on-line internet banking $0
Heritage Access Line phone banking $0
Direct credits and direct debits $0
Cheque deposits 5 free, $2.00 per excess transaction
Cash deposits 5 free, $2.00 per excess transaction
Personal cheque withdrawals 5 free, $2.00 per excess transaction
Counter withdrawals, transfers and BPAY 5 free, $2.00 per excess transaction
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