Heritage Bank
Heritage Bank

Bridging Loan

Variable Rate
5.29% p.a.
Comparison Rate*
5.37% p.a.
Key Features
Loan Type
Variable
Min Loan
Max Loan
$20,000.00
$9,999,999.00
Application Fee
$900.00
Borrow upto
of property value
72%
Ongoing fee
$0.00
Redraw Facility
Offset Account

Loan Details

Loan Type Variable
Security Type ResidentialProperty
Availability
Repayment Options Principal & Interest
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 0
Max Loan Term 1
Max Loan to Value Ration (LVR) 72%
Max LVR with Mortgage Insurance 72%
Min Loan Amount $20,000.00
Max Loan Amount $9,999,999.00
Interest Rate Notes
The comparison rate is based on $150 000 over 25 years. However the Bridging Loan is not available for this term.

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $0.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate 0%
Redraw Available
Min Redraw Amount $0.00
Max Redraw Amount $0.00
Redraw Fee $0.00
Redraw Notice Period
Redraw Method
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split n/a
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing n/a

Fees

Application Fee $900.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $150.00
Service Fee $0.00
Exit Fee $300.00
Early Termination Fee

Break Costs


General Fee Notes:

Heritage will pay valuation fees up to $330 dollars after that the member is required to pay.

General Notes:

*The comparison rates in this table are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.