Families all over Australia have saved money switching their home loans to Heritage

Meet some of the latest customers who have made the switch and saved.

Don't believe it's possible to save enough for a holiday each year on your home loan? We caught up with a few of our customers who are living proof that moving your home loan to Heritage Bank can save thousands each year.

How do we help our customers save so much money? It's simple, we're a customer-owned bank. This means we're independent - owned by our customers, not shareholders. So instead of pursuing massive profits, our focus is putting People first.

Meet the Harris family

Relaxing on the patio, looking out at their 4662m2 block, Mark and Christabel explain they love the lifestyle they’ve got and have enjoyed every moment living in the home that they’ve built. With two teenage girls – Riley and Georgia – the Harris family are kept busy on weekends and find saving $135 a week off their main home loan with Heritage is really helping out for those extracurricular activities. The family have a great relationship with their local branch at Stanthorpe and enjoy working with lending expert and manager of the branch, Sonya Casley. Mark and Christabel have taken out other Heritage products off the back of their successful mortgage refinance to Heritage.

Ready to get started on your home loan application?

Say hi to the O'Connells

The O’Connell family are saving $375 a month off their home loan in their first year with Heritage. Living near the bay the young family spend weekends together riding bikes, walking and enjoying the outdoors. Michael and Juliana worked with Carindale lending expert Nathan Martin to refinance their loan over to Heritage in the last year and with all the money they are saving they haven’t looked back.

Meet Jorge and Marcela's family

In their first year with Heritage, Jorge and Marcela will be saving $2,689 off their property investment loan. After working with Carindale’s head lending specialist Nathan Martin, Jorge said he wished he’d switched banks sooner. Jorge and Marcela are kept busy with their two young children Sydney and Nicolas – who always want to be outside riding their bikes and playing in the park directly opposite their new home which they also purchased with a Heritage home loan. With savings across a number of Heritage Bank’s products the family are able to put more money away for their future as the kids get older.


You could save up to

over the life of the loan

Savings based on the .

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Whoa there, it seems like you've already got a pretty good deal going. If the details you've entered are correct, our calculator says that over the life of your loan you'd currently be better off staying where you are. If you're shopping around though, don't despair, the calculator is no match for advice from a real person.

As a People first bank, our rates are almost always lower than the big four. In fact, a recent University of New England study found Heritage had, on average, the lowest standard variable rate of any financial institution in the country over the last 15 years.

If you want to double check, give us a call on 13 14 22 and we'll almost certainly be able to find other ways for you to save money and time on your home loan.

Calculation based on the .

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Good luck finding a lower variable home loan rate

3.79 %pa
3.81 %pa

Saving calculated as at 11 March 2015 on first 12 months after switching a mortgage from a big four bank rate to Heritage's 3 year Fixed Rate Home Loan. Conditions, criteria and fees apply.

Saving calculated as at 11 March 2015 on first 12 months after switching a mortgage from a big four bank rate to Heritage's 1 year Fixed Rate Home Loan. Conditions, criteria and fees apply.

Saving calculated as at 11 March 2015 on first 12 months after switching a mortgage from a big four bank rate to Heritage’s Discount Variable Home Loan. Conditions, criteria and fees apply.

* 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.

^ To approved applicants only. No application fee offer valid for new standard variable, discount variable and fixed rate home loans and no annual fee for first year of Home Advantage package loans, applied for between 1 March and 30 April 2017, and disbursed by 31 October 2017. Application fee for standard variable, discount variable, and fixed rate home loans normally $600. First year annual fee for Home Advantage Package normally $350. Offer not valid for further advances, living equity or line of credit loans, bridging loans, business loans, existing customers switching loans, internal refinances, or borrowing for alterations and additions. Conditions, criteria and fees apply.

Home loan repayment terms range from 1 to 30 years. Comparison rate representative example is based on: a secured loan of $150,000 borrowed for 25 years with the minimum interest rate of 3.79% p.a. (3.81% p.a. comparison rate), the estimated total amount payable including fees is $232,740. WARNING: These comparison rates apply only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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.

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.