Living Equity

If you need a line of credit, why not look to use the equity you hold in your home as an asset? You can use this equity for additional borrowing for property or share investments, education, or holidays. It can also act as a general line of credit.

Living Equity rates

Owner-Occupied

Discount

Interest Rate

Comparison Rate *

Living Equity5.11%n/a
Home Advantage Living Equity   
$150,000 to $249,9990.96%4.15%n/a
$250,000 to $699,9991.01%4.10%n/a
$700,000 or more1.06%4.05%n/a

Investment

Discount

Interest Rate

Comparison Rate *

Living Equity5.11%n/a
Home Advantage Living Equity   
$150,000 to $249,9990.55%4.56%n/a
$250,000 to $699,9990.65%4.46%n/a
$700,000 or more0.70%4.41%n/a
Rates effective from 01/11/2016

Living Equity features

Living EquityLiving Equity with Home Advantage Package
Living EquityLiving Equity with Home Advantage Package$150,000 to $249,999$250,000 to $699,999$700,000 or more
FeaturesEnquireEnquire
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Package Available
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Minimum Loan
$20,000From $20,000$150,000$250,000$700,000
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Minimum Loan Top Up
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Maximum Loan Term
30 Years30 Years30 Years30 Years30 Years
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Minimum Loan Term
1 Year1 Year1 Year1 Year1 Year
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Additional Repayments
Yes (unlimited)Yes (unlimited),
Yes (unlimited)Yes (unlimited)Yes (unlimited)
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Redraw Facility
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Switch Available
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Split Loan
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Interest Only Option
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Maximum Interest Only Term
10 Years10 Years10 Years10 Years10 Years
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Access Methods
ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, BranchATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch,
ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, BranchATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, BranchATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch
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Offset Account
FeesEnquireEnquire
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Rate Guarantee
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Break costs/charges
Upfront Application Fee$600$0$0$0$0
Monthly Loan Service Fee$8$0$0$0$0
Cost Per Redraw$0$0$0$0$0

Living Equity fees

Application Fee

$600

Monthly Fee

$8

Transaction Type

Monthly fee free zone

Fee per excess transaction

Heritage online banking

Unlimited

Free

Heritage Access Line phone banking

Unlimited

Free

SMS Account Enquiries

Unlimited

Free

Direct Credits

Unlimited

Free

Direct Debits

Unlimited

Free

Cheque Deposits

Unlimited

Free

Counter Cash Deposits

Unlimited

Free

Counter cash withdrawals, transfers, and BPAY

Unlimited

Free

Presented Cheques

Unlimited

Free

Heritage ATM withdrawals, transfers and balance enquiries

Unlimited

Free

Bank@Post deposits

Unlimited

Free

Bank@Post balance enquiries

0

$0.30

Bank@Post withdrawals

0

$2.50

EFTPOS



Network ATM withdrawals and balance enquiries



10

$0.50


$1.75
(Waived for Home Advantage Living Equity)

Non-Heritage counter withdrawals (Visa)

0

$2.50

Overseas ATM or counter widthdrawals (Visa)

0

$5.00 plus overseas currency conversion fee

* 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.

Interest rates are on a per annum basis. Rates and discounts are correct as stated and subject to change without notice. Discounts shown are for new loans and do not apply to switches or internal refinances. 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.

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.