Heritage Bank Personal Loans, Interest Rates & Fees - Best Find
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Heritage Bank Personal Loans

This personal loan is unique. It’s a great low cost option that allows you to keep your term deposit invested while still buying what you want.


Minimum loan amount$5,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Personal loan interest rates (base)5.14%

Personal loan comparison rate7.61%

Monthly repayments (approx)$306

Total repayments (approx)$11,033

Total interest repayments (approx)$1,033

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$25

Application / establishment fee$200

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Other Fees & Information

Monthly fee$5

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$30

For debt consolidation?No

Sponsored No

Telephone13 14 22

Data accurate as of23/10/2017

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We provide a range of flexible personal loans designed to suit your needs.


Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)2 years

Maximum term (years)7 Years

Personal loan interest rates (base)8.95%

Personal loan comparison rate10.56%

Monthly repayments (approx)$333

Total repayments (approx)$12,020

Total interest repayments (approx)$2,020

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $495

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Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/10/2018

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review Heritage Bank personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing Heritage Bank personal loans, there are other important things to consider and understand, other than just Heritage Bank’s interest rates.

What personal loan options does Heritage Bank offer?

Heritage Bank has 2 personal loan products:

  • Heritage Bank Standard Personal Loan
  • Heritage Bank Low Rate Secured Personal 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 car loans, Heritage Bank home loan and Heritage Bank credit cards.

Do you have a Heritage Bank personal 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.

How to apply for a Heritage Bank Personal Loan?

If you’d like to apply online for a Heritage Bank personal 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 personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

Heritage Bank’s personal loan eligibility criteria

Before you apply for a personal 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 personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

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

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

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

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with Heritage Bank

  • 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 personal 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 personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose Heritage Bank will lend for:

Additional product information

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

You can borrow between $5,000 and $100,000. Over terms between 1 year and 10 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Heritage Bank’s 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.

Redraw facility

Heritage Bank’s Variable Rate Personal Loan gives you the option of being able to make redraws.