Home Loan Comparison

The table below allows you to choose a Heritage home loan based on the features that are most important to you.

Home Loans

Footnotes

1. In order to be eligible for the Professional Pack (Pro Pack) a member must: pay the $250 annual package fee, borrow at least $250,000 (with a Pro Pack Variable or Pro Pack Living Equity component), hold a qualifying Heritage Visa Card and transaction account and must have their take home pay deposited to the transaction account. The Pack benefits include no application fee or monthly administration fee on Pro Pack Variable, Fixed Rate and Living Equity loans, any applicable annual Visa Card fee waived, unlimited free Heritage transaction on their transaction account (except Mortgage Crusher (S10) and Living Equity (S54)) and 5% rebate/discount on Home, Contents, Motor Vehicle and Risk insurance. These benefits are subject to change without notice, refer to the current Home Loans brochure for details.
2. An Early Repayment Fee and/or Break Fee is payable if the loan is repaid within the greater of 3 years of initial funding or the term of the fixed rate.
3. Early Repayment Fee payable if loan is repaid within 3 years of initial funding or 3 years from most recent further advance.
4. For new loans written as Basic Variable loan, an Early Repayment Fee is payable if loan is repaid within 3 years of initial funding. Where an existing loan is within the Early Repayment Fee period and is switched to a Basic Variable loan, the Early Repayment Fee period restarts and is payable if the loan is repaid within 3 years from the date of the most recent previous switch to the Basic Variable loan.
5. Further advances not available during introductory/fixed interest rate term. Outside that period, further advances are available for same fee as shown above for Standard Variable.
6. Further advance application fee is calculated as $7.50 per $1,000 (or part thereof) advanced with a minimum fee of $400 and a maximum fee of $600.
7. Application fee may be reduced by up to $200 on some loan products if other nominated Heritage products and services (Visa credit card $75, pay credit $75, risk insurance $100, general insurance $100) are packaged with this loan. Discounted application fees may have a Deferred Loan setup fee apply.
8. A deferred loan set-up fee may apply if the loan is repaid within the first 3 years from date of funding.
9. If a "residual" loan is applied for at the same time as the bridging loan then the application fee on the "residual" loan product will be waived but will be payable as a Deferred Establishment Fee if the "residual" loan is repaid within 3 years.  Where there is a residual loan it would be common that two valuations are required, one for the property being sold and another for the property being bought- only one of these valuations is covered by the Society up to a maximum of $330 (explained fully in note 9).
10. The valuation on first security when establishing a new loan or Further Advance/Limit Increase is covered by the Society to a maximum of $330.  Excess valuation fees may apply in some circumstances where valuation fee exceeds $330 or where more than one valuation is required.  If a valuation is required during the term of the loan the borrower will be charged the full cost for said valuation.
11. Introductory Visa card interest rate applies for the first 12 months after issuing the card and is only valid when a new Visa Credit card application is submitted in conjunction with a Home Loan application.
12. Fee is 0.12% of the basic loan amount and is non refundable.