Heritage Bank wins at 2015 Mozo Experts Choice Awards

Heritage Bank has been recognised for providing some of the best value home loan products in the country at the 2015 Mozo Experts Choice Awards.

Mozo this week announced Heritage’s Discount Variable Home Loan as a winner for Best Value First Home Loan and Best Value Variable Loan. The winning special rate home loan featured a variable rate of 4.19% and comparison rate of 4.24%^.

Heritage Bank CEO John Minz said, “The Mozo Experts Choice Awards are designed to find the best value financial products available to Australians right now.

“As a customer-owned bank, we put people first, not profits so to know that our product has been chosen as among the best value for our customers is extremely satisfying,” Mr Minz said.

“Our focus is to continually meet the needs of our customers by providing the best service, value and overall banking experience possible and these awards are further confirmation that we are achieving that.

The Mozo Experts Choice Awards are an initiative from comparison website Mozo.com.au to recognise Australia’s best value financial products and help Australians save money by choosing better products. Winners are determined through a comparison of rates, fees and features of products from lenders across Australia.

^ The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The rates and fees used to calculate the awards were confirmed as correct between 30th March and 9th April 2015. Some rates and fees may have changed.

* 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.