Heritage Bank wins 5-Star recognition from Canstar

Home buyers can find 5-Star value at Heritage Bank according to Australia’s premier financial data provider, Canstar.

Canstar has this year to date endorsed Heritage with 5-Star Ratings for five of its products, including:
• Discount Variable Home Loan
• Home Advantage Variable Home Loan
• Home Advantage Living Equity
• Gold Low Rate Credit Card
• Business Cheque Facility

Canstar Group Executive, Financial Services, Steve Mickenbecker, said, “The Canstar Star Ratings system is designed to help consumers easily identify products that represent outstanding value, both in terms of price and the features offered. A 5-Star Rating is awarded to products that represent the top 10% in their category.

“It’s a great achievement for Heritage Bank to have achieved a 5-Star Rating across multiple banking categories and consumer profiles. I’m pleased to say the Bank has been recognised for its 5-Star Rated residential home loans, the Discount Variable, Home Advantage Variable and Home Advantage Living Equity. Heritage Bank’s Gold Low Rate credit card has also achieved a 5-Star Rating in Canstar’s Low Fee credit card category while its Business Cheque Facility was recognised in the Business Low Transactor category.”


Heritage Bank CEO Mr Peter Lock said he was delighted that Heritage was recognised for providing great value for customers in a highly-competitive lending landscape.

“Our customers are our owners, and we aim to work closely with them to provide a total package of great products, great service and competitive prices.

“To receive recognition from a highly respected organisation such as Canstar provides us with further confidence that we are delivering what our customers want and need.”

* 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.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.