Heritage Standard Fixed Rate Home Loans - Owner Occupied
Fixed rateRedraw
Our fixed rate home loans allow you to lock an interest rate in for 1, 2, 3 or 5 years so you know exactly what your repayments will be.
- Interest rate a year, from
- 6.49%
- Comparison rate
- 8.78%
- Upfront fees
- $45
- Annual fee
- Not published
- Monthly fee
- $8
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 6.49% (1 year fixed, live in, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $3,796
- Total repayments
- $1,366,727
- Interest and monthly fees
- $766,727
Rates
Every rate Heritage publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| 1 year fixed | Live in | Principal and interest | Up to 95% | 6.49% | 8.78% |
| 2 year fixed | Live in | Principal and interest | Up to 95% | 6.54% | 8.54% |
| 3 year fixed | Live in | Principal and interest | Up to 95% | 6.54% | 8.32% |
| 5 year fixed | Live in | Principal and interest | Up to 95% | 6.54% | 7.95% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- $45
- Annual fee
- Not published
- Monthly fee
- $8
Features
- Offset account
- No
- Redraw
- Yes
- Highest LVR
- 95%
- Loan amount
- From $20,000
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Upfront fees
$45
Typical upfront fees are $600.
Smallest deposit
5%
Most loans need at least 10% of the price.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Redraw. You can take back extra repayments later if you need the money.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
- Fixed rates on offer. You can fix for 1 to 5 years if you'd like repayments that don't change for a while.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.
- A $100 late payment fee. Setting up automatic repayments avoids it.