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Loan Rates

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New and Existing Housing Loans (effective 2/9/16)

Home Loans

  Interest Rate Comparison Rate
Home Loan ($150,000 over 20 years)* 5.35% pa  5.50% pa
Home Loan ($150,000 over 25 years)* 5.35% pa 5.48% pa
Home Equity and Land Loans ($80,000 over 7 years)**** 9.00% pa 9.46% pa
Home Equity and Land Loans ($150,000 over 25 years)**** 9.00% pa 9.13% pa
Investment Housing Loan ($150,000.00 over 25 years)**** 5.35% pa 5.48% pa 
Special Housing Loan Rate# 3.69%pa 3.83%pa*

****These rates are negotiable based on individual applications. Please contact Bank of Heritage Isle for further details.

Car Loans

  Interest Rate Comparison Rate
New Car Loan ($30,000 over 3 years)** 9.00% pa 10.16% pa
New Car Loan ($35,000 over 4 years)** 8.50% pa 9.37% pa
Car Loans Older than 3 years 13.99%pa  

Personal Loans

  Interest Rate Comparison Rate
Personal Loan ($25,000 over 5 years)** 13.99% pa  15.07% pa
Personal Loan ($30,000 over 5 years)**   13.99% pa 14.90% pa

Business Loan

  Interest Rate  
Unsecured**** 14.50% pa   
Secured**** 12.50% pa  

****These rates are negotiable based on individual applications. Please contact Bank of Heritage Isle for further details.

Overdrafts

  Interest Rate  
Overdraft 15.00% pa  

More Information

Questions?

If you have any questions, please contact us Enquire


*Applicable to secured loans only.
**Applicable to unsecured loans only.
***Interest rates subject to change. Interest rates current as of 2nd September 2016.

****These rates are negotiable based on individual applications. Please contact Bank of Heritage Isle for further details.
Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs suh as monthly fees or cost savings such as fee discounts and waivers are not included in the comparison rate but may influence the cost of the loan. Rates are subject to change, terms and conditions apply and are available on application.

# Effective date: 8/10/18. Terms, conditions, fees, charges and lending criteria apply and are available on request or at https://www.heritageisle.com.au/loans-home-loans.html The Special Housing Loan is only available to new owner-occupied borrowers who apply between 8/10/18 – 12/4/19 and have their loan funded by 7/6/19.
^Not available for investment purposes or for refinancing of existing Bank of Heritage Isle or Police Bank Home Loans. Special Housing Loan cannot be taken in conjunction with, or in addition to any other offer, bonus or discount. Special Housing Loan cannot be split with any other Bank of Heritage Isle Home Loan product.
A maximum Loan Value Ratio (LVR) of 90% including the capitalisation of Mortgage Protection Insurance and Lenders Mortgage Insurance (LMI) applies. LMI may be required for loans with a LVR greater than 80%.
The Special Housing Loan is a limited time offer and can be withdrawn at any time.
*The interest rate and comparison rate is current as at 8/10/18 and is subject to change. 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. Bank of Heritage Isle is a division of Police Bank Ltd. ABN 95 087 650 799. AFSL/Australian Credit Licence No. 240018. 25 Pelican Street, Surry Hills NSW 2010.