More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Heritage-Bank.png
Comparison Rate
3.62
Name
Discount Variable Home Loan <80% LVR Owner Occupied
Lender
Heritage Bank
Product Name
Discount Variable Home Loan
Product Details
Discount Variable Home Loan available for Owner Occupied (P&I), Construction, Land, Refinance and Consolidation. Max 95% LVR for purchases. Max 90% LVR for refinance. Not available for internal switches or refinances. Pre-approvals not available (pre-approvals will only be accepted if existing Heritage Bank customers or on the construction portion of a land and build loan)
Variable Rate
3.57
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
600
Discharge Fees
250
Ongoing Fees
0
Valuation Fees
0
Lenders Legal Fees
0
Lenders Settlement Fees
410
Minimum Loan Amount
150000
Max Loan Amount
0
Owner Occupied
Y
Investment
N
Repayment Option
Principal & Interest
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
Y
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
1
Max Loan Term (years)
30
Rate Details
0.87% discount (already included) off the Owner Occupied Discount Variable rate for new lending min $150k. Discount does not apply to switches or internal refinances.
Fee Details
Where a valuation is required and only one property is offered as security Heritage will pay for the valuation. If two or more securities are involved, or valuation costs exceed $330 (inclusive of GST), the difference is to be borne by the borrower. Settlement Fee: $100 - Heritage fee. Agent's Settlement fee ranges from $0-$260 (per settlement), depending on state. Where Heritage engages an agent acting on its behalf, the Agent's Settlement Fee will be passed on to the borrower. Legal Fees: Nil with the exception of Trust & Company loans which attract a fee of $250 in addition to the application fee. Collateral Security Fee - $100 ($150 if different state) for each additional unencumbered security. Galilee fee (applicable for files with security properties located in WA, Tas, NT & SA) A fee of $300 + GST per file is payable except for Further Advance & Equity loans where a new mortgage is not required. In cases where the customer is paying the Galilee fee, Heritage does not charge the $150 settlement fee
Internet Banking
Y
Mortgage Offset Available
N
Redraw Details
Online redraw is free. $20 fee charged for manual redraw
Redraw Facility
Y
Construction
Y
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
Y
Split Details
$0 if pre settlement, if post settlement normal Application Fee applies