Things you need to know
These calculations are intended as a general guide only. These calculations do not constitute an offer of credit or a quote and are only an estimate of what you may be able to borrow based on the accuracy of the information provided. These calculations do not take into account any product features or applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. If a Variable Rate Loan is selected, the interest rate will be subject to change throughout the term of the loan. Early repayment costs may apply if you repay the loan early during a fixed interest rate period.
All interest rates referred to in the calculators are current, as indicated on https://www.heritage.com.au/Interest-Rates/Personal-Loans. Once the fixed rate period comes to an end the interest rate will convert to the Standard Variable Rate which may change the calculations. The interest rates represented on this page are Heritage's standard interest rates and exclude any package or promotional discounts and are subject to change. When assessing ability to service a loan, Heritage may use an interest rate that is higher than the current interest rate for the loan requested. The output of each calculator, is subject to the assumptions provided under each calculator and are subject to change.
Terms and conditions apply to all Heritage personal loan products. The full details of your loan will be provided to you in your loan contract. Repayment amounts are subject to change. To find out more about your repayments you should speak to us. Visit your nearest branch or phone the Contact Centre on 13 14 22.
The Loan Repayments Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate.
1. Length of months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependant on the number of days in the particular month.
2. One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366 days.
3. In practice, repayments are rounded to at least the nearer cent.
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