Heritage waives personal loan application fees

Heritage Building Society will waive application fees on its personal loans during the next month, in its latest move to help Queensland’s flood victims on the road to recovery.

The waiver on application fees will apply from today (Wednesday, 19 January) until Friday, 18 February.

It will apply to all Heritage personal loans, apart from the low rate secured “Cake and Eat it” loan product.

Acting CEO Bill Armagnacq said Heritage was actively looking at measures to help flood victims rebuild their lives.

“The scale of this disaster is immense and as the waters recede, people are now starting to focus on rebuilding their homes and replacing their possessions,” Mr Armagnacq said.

“To do that, some will be considering taking out a personal loan.

“Waiving the application fees on personal loans is just another small way Heritage is looking to lessen the burden they face in getting their lives back to normal.”

In other actions taken so far, Heritage has donated $100 000 to the Premier’s Flood Appeal and is also waiving ATM fees for all people using its machines across its network.

Heritage has also reminded members that it has an ongoing hardship policy in place that may help people who are struggling financially as a result of the floods.

Members who are facing difficulties should ring 1800 222 030 during business hours to discuss their situation.

* 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.

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