Heritage Broker Site - Offset Account

Contact Us

Offset Account

Mortgage Crusher

This account offers 100% interest offset on eligible home loans.

100% of the balance of the Mortgage Crusher account goes towards offsetting the interest on the home loan.

eStatements available
Visa Debit card or cheque book available
Transact through Bank@post
Free internet, phone and mobile banking
Minimum balance to receive offset is $500
Eligible on Standard Variable & Home Advantage Variable products

Rate Sheets

All Heritage Products have these great features

Interest is calculated daily
Direct Salary credit to loan
Available for non-residents
Transaction accounts which have free transactions
LMI is applicable when LVR is more than 80%
LMI can be capitalised - max 95% LVR for Owner Occupied loans and max 90% LVR for Investment loans
Internet and phone banking are available
Can switch between all products except into Living Equity and Bridging Loans
Repayment method – minimum monthly repayment can be paid at any time during the month
Additional repayments can be made, with no maximum repayment amounts
Progressive Valuation Fees apply (excludes Living Equity and Bridging Loan) – ask your BDM

*Home Loan comparison rate based on a $150,000 loan over 25 years. Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees of other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate. Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 90% and Living Equity has a maximum LVR of 85%.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

^ No application fee offer valid to approved applicants only for new standard variable, discount variable and fixed rate home loans and no annual fee for first year of Home Advantage package loans, applied for between 02 September 2019 and 31 October 2019, and disbursed by 31 December 2019. Offer not valid for living equity or line of credit loans, bridging loans, business loans, existing customers switching loans, or internal refinances. Conditions, criteria and fees apply.