Heritage Bank
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Heritage Bank

Home Advantage Variable $700,000 or more LVR <=80%

Variable Rate
2.88% p.a.
Comparison Rate*
3.25% p.a.
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Key Features
Loan Type
Variable
Min Loan
Max Loan
$700,000.00
$5,000,000.00
Application Fee
$0.00
Borrow upto
of property value
80%
Ongoing fee
$350.00 Yearly
Redraw Facility
Offset Account

Loan Details

Loan Type Variable
Security Type ResidentialProperty
Availability Owner Occupiers
Repayment Options Principal & Interest
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 1
Max Loan Term 30
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 80%
Min Loan Amount $700,000.00
Max Loan Amount $5,000,000.00
Interest Rate Notes

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $0.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate -%
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 $0.00
Legal Fee $0.00
Valuation Fee $100.00
Settlement Fee $150.00
Service Fee $350.00
Exit Fee $300.00
Early Termination Fee

Break Costs


General Fee Notes:

One annual fee applies to all products in the Home Advantage Package. Heritage will pay valuation fees up to $330 dollars after that the member is required to pay.

General Notes:

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*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.