The institution that became Heritage Bank came about in Toowoomba in 1875 and, nearly 150 years later, merged with People's Choice to become one of Australia's largest customer-owned banks. It operates branches across Queensland and New South Wales and offers variable and fixed rate home loans, as well as options for those seeking a guarantor or a bridging loan.

What home loan features does Heritage Bank offer?

Heritage Bank offers home loan customers:

Heritage Bank also provides mobile lending specialists in selected areas to help customers with their home loan needs.

Choosing a Heritage Bank Home Loan

When choosing a home loan, it's important to work out what you want from your loan and how much it will cost you.

Heritage Bank have a wide range of loans on offer, with different interest rates, product features and fees. It pays to shop around to find the loan that fits your needs and circumstances.

Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

Am I eligible for a Heritage home loan?

To be eligible for a home loan in Australia, you generally need to be

  • 18 years or older

  • An Australian citizen or permanent resident

  • Not in a bankruptcy agreement

Documents needed

  • ID in the form of drivers license, passport, birth certificate, medicare card, or the likes

  • Your two most recent pay slips or three months of account statements

  • Self employed borrowers may need to provide tax returns and/or Business Activity Statements

  • A completed Living Expenses Assessment and a one month statement from your main transaction accounts

  • Proof of genuine savings

  • Proof of other debts, assets, and liabilities

How to apply with Heritage?

Heritage offers a four step process to securing a home loan.

Initial meeting

Over the phone or face-to-face meetings are available with Heritage lending specialists. Heritage also offers home loan pre-approval.

Submit an application

Fill out an application for the home loan product. A valuation of your property can also be organised during this step if needed.

Once your application has been filled out you can submit the application for assessment.

Loan approval

Heritage's credit department assesses the loan, looking at your ability to repay the loan including interest, your credit history and a number of other lending criteria.

Settlement

Once your loan has been approved, you will be notified and given a settlement date.