More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Heritage-Bank.png
Comparison Rate
3.92
Name
Discount Variable Home Loan 80% - 90% 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
3.87
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
0.77% 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. Heritage Settlement Fee - $150 (per settlement). Agents Settlement Fee ranges between $88 - $260 plus disbursements (per settlement) for CBD settlements, depending on state. Where Heritage engages an agent acting on its behalf, the Agents 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. Guarantor Fee $200. 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