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.

* Based on a $150,000 loan over 25 years. 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.