Line of Credit
If your looking for a revolving form of credit, you could consider using the equity you hold in your home as collateral with our Living Equity line of credit loan.
About this Rate
Owner Occupied Line of Credit (Living Equity)
The rate shown is for new, owner occupied, interest only line of credit loans of $20,000 or more with up to 80% Loan to Value Ratio (LVR). What is LVR?
To see the interest rate that would apply to your loan, download our Interest Rates for New Home Loans (PDF). Interest rates are subject to change without notice.
Features
- Access the equity in your home for a large purchase or as a revolving form of credit
- Loans from $20,000 to $500,000
- Interest only repayments available for up to 10 years
- Total loan term up to 30 years
- Available funds can be drawn on at any time, up to your approved credit limit
- Access by Heritage Online, our Mobile Banking App, a Visa Debit Card or chequebook.
- Repayments are calculated monthly. You are able to make payments as frequently as you want within each month to pay the monthly amount due.
Fees
| Application Fee | $600 |
| Monthly Fee | $10 |
| Settlement Fee | $150 |
| Loan Finalisation Fee | $300 |
Other fees and charges may apply and will be outlined in your Credit Contract.
Option to choose our Home Advantage Package
When you apply for a Line of Credit you have the option to package your loan and eligible credit card into our Home Advantage Package.
Our Home Advantage Package can help you save with discounts on interest rates and fee waivers.¹
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New Owner Occupied Interest Only loans in Package of $700,000+ up to 80% LVR
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A line of credit facility is a revolving form of credit secured against your property. This means you can draw on the funds within your approved available limit at any time. You can make transactions online, using a Visa Debit Card or with a chequebook (available on request).
Transaction Type |
Fee Per Transaction |
| Direct credits and debits | Free |
| EFTPOS, Visa debit and Visa payWave |
Free |
| Counter cash deposits, withdrawals, transfers and BPAY® | Free |
| Heritage ATM withdrawals, transfers and balance enquiries | Free |
| Cheque deposits and presented cheques | Free |
| Bank@Post Transactions | Free |
| Overseas ATM or counter withdrawals (Visa) | $5.00 plus overseas currency conversion fee |
Service fees may apply and are detailed in our Fees and Limits Guide.
Our specialists are here to support you through every step of your home buying journey.
If you have a question about our home loans, please tap here for live assistance.