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Split Facility
You can split your Home Loan into variable and fixed, to get the best of both options
Value Home Loan
Value Home Loan with a lower than standard interest rate could have you owning your home sooner.Maximum LVR Loan to Value Ratio is the proportion of money you borrow (loan) compared to the value of the property of 80% for investment loans.
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Why choose our Value Home Loan?
Great Fixed Rate Options Available
For certainty of knowing what your repayments will be for a 2, 3 or 5 year term, read more about how Fixed and Variable Interest Rates Work
Interest Offset Available
Setup an Offset Account to help decrease your interest payable and payoff your loan sooner
Reduced Fees Program
Quality for our Reduced Fees Program to reduce (or even eliminate) fees!
Redraw Facility
Draw from the equity of your mortgage to access funds when you need them
No ongoing fees
No monthly loan administration fees
How an Offset Account works
Deposit all your income into the Mortgage Offset Account to reduce the interest on your loan
Use the up to 55-day interest free period on your Bank of Heritage Isle Visa Credit Card (S14) to pay for all your living expenses
For cash withdrawals, move the amount you need, from your Offset Account, into your S1 and use your attached Debit Card
Setup an automatic payment of the full balance on your Bank of Heritage Isle Visa Credit Card within the interest free period
Your savings in the offset account are always available, plus every dollar saved reduces your Home Loan on a daily basis to help decrease your interest payable and own your home sooner.
Offset facility not available with Fixed Interest Rate Home Loans.
Who can apply for a loan:You can apply for a loan individually or jointly with one other person or multiple person/s. To apply you need to:
Terms and conditions:
Effective Date: .
Value Home Loan available to residents of Tasmania. Rate discounted against Premium Home Loan. Terms and conditions apply and are available on request. Fees and charges and lending criteria apply. Value Home Loan cannot be taken in conjunction with any other offer, bonus or discount, including the No Establishment Fee offer.
^ Existing Bank of Heritage Isle home loan borrowers must borrow minimum $50,000 additional funds to be eligible. Not available for investment purposes. Value Home Loan cannot be taken in conjunction with any other offer, bonus or discount, including the No Establishment Fee offer. A maximum Loan Value Ratio (LVR) of 90% including the capitalisation of Mortgage Protection Insurance applies.
* The comparison rate is based on a loan of $150,000 over a 25 year term. 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.
1. An early repayment fee may apply on the fixed rate portion of any loan.
Investment real estate lending is limited to purchase or refinance to a maximum Loan Value Ratio (LVR) of 80%.
Reduced Fees Program
Schedule of Fees and Charges (PDF)
Financial Services Guide (PDF)
- be at least 18 years old.
- have a regular income.
- be a permanent Australian resident.
- be able to make your repayments.
- want to borrow more than $50,000.
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