Car Loan
Purchase or refinance of a new or used vehicle up to 7 years old through a Dealer or Private Sale
Category: Personal Loans Last Updated February 7, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED product. Additional Information Fixed term can range from 1 to 7 years. Interest rates are on a per annum basis. Rates and discounts are correct as stated and subject to change without notice. Car loan comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments, for secured loans only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Interest rates are on a per annum basis. Rates and discounts are correct as stated and subject to change without notice.
Interest Rate
6.49% PA
6.49% PA
Comparison Rate
6.84%PA*
6.84%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
- Redraw
- Other Additional Information: No penalty for paying out early or making extra repayments
- Other Additional Information: Electronic or paper statements available
- Other Additional Information: SMS services
- Loyalty Program
- Other Additional Information: Purchase or refinance a new or used vehicle, up to 7 years old
- Other Additional Information: Loan terms from 1 to 7 years
- Other Additional Information: 100% finance available to approved applicants
- Other Additional Information: Flexible Repayment Options
- Other Additional Information: Fixed repayments to make budgeting easy
- Other Additional Information: Loan amounts from $5000
- Digital Banking
- Other Additional Information: Repay in full at anytime
- Other Additional Information: Car, Caravan or Motorbike eligible security
Product Eligibility
- Min Age - 18.
- Residency Status - Australian Permanent Residents And Citizens.
Bank Fees and Charges
- Application Fee (Upfront), Amount: 250.00.
- Default Fee - If Payment Remains Outstanding After Its Due Date (Event), Amount: 30.00.
- Monthly Administration Fee (Periodic), Amount: 0.00.
- Ppsr Registration Fee (Upfront), Amount: 10.56.
- Ppsr Vin Validation Fee (Upfront), Amount: 1.39.
- Heritage Cheque Fee (Withdrawal), Amount: 10.00. Additional Information: Heritage Cheque fee payable to Heritage if credit under this Credit Contract is provided by a cheque drawn by heritage on itself
- Special Request Transaction Listing Fee (Event), Amount: 7.50. Additional Information: Whenever a listing of transactions between two given dates is issued on your account
- Redraw Administration Fee (Withdrawal), Amount: 20.00. Additional Information: If you apply to redraw Payments in Advance other than a request through Online Redraw
- Direct Debit Dishonour Fee (Transaction), Amount: 10.00. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured
- Capital Reduction Recalculation Fee (Event), Amount: 75.00. Additional Information: If you ask Heritage to capitalise payments in advance or payment or proposed payment under the credit contract
- Document/record Search Fee (Event), Amount: 12.00. Additional Information: Whenever Heritage provides a copy of a document relating to your loan at your request or at the request of a security provider
- Ppsr Search Fee (Upfront), Amount: 6.23. Additional Information: When Heritage carries out a PPSR search on a motor vehicle subject to a security
Limitations & Restrictions (Constraints)
- Min Limit of 5000.00
- Max Balance of 100000.00
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