Compare Heritage Bank Car Loans & Interest Rates - Best Find

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Type of vehicle loan

Car finance provider

Heritage Bank Car Loans

Heritage Bank
7.99%
8.62%
$319.74

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Car Loans

Whether you need a bigger family car, have your eye on your dream new car or just need a more reliable second hand vehicle to get you from A to B, our fixed rate car loan can get you moving.

Overview

Minimum loan amount$5,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Advertised rate7.99%

Comparison rate9.37%

Monthly repayments (approx)$319

Total repayments (approx)$11,510

Total interest repayments (approx)$1,510

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$200

Other Fees & Information

Monthly fee$5.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 14 22

Data accurate as of02.04.2017

Comparison warning 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. All other personal loan comparison rates calculated on a loan amount of $10,000 over a term of 3 years based on monthly repayments. 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.

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Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review Heritage Bank car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing Heritage Bank car loans, there are other key facts to consider and understand, other than just Heritage Bank’s interest rates.

What car loan options are available?

Heritage Bank has 1 car loan product:

  • Heritage Bank Car loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Heritage Bank personal loansHeritage Bank home loan and Heritage Bank credit cards.

Do you have a Heritage Bank car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Heritage Bank directly.

How to apply for a Heritage Bank car loan?

If you’d like to apply online for a Heritage Bank car loan, just scroll up and click on “Learn more” to be taken to Heritage Bank’s secure online application form. Before you apply, be sure to learn about Heritage Bank’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

Heritage Bank’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the Heritage Bank’s lending criteria. Below is high-level overview of Heritage Bank’s criteria:

Heritage Bank’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $5,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the Heritage Bank branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Heritage Bank car loan

There are many additional factors Heritage Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Heritage Bank car loan for?

Examples of common loan purposes Heritage Bank will lend for:

Additional Heritage Bank car loan information

Heritage Bank’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $5,000 and $100,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Heritage Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Heritage Bank allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

Heritage Bank’s Car Loan requires an asset (typically, the vehicle) as security.