Heritage Broker Site - Offset Account

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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

Owner-Occupied & Investment Home Loan Rates Sheet

All Heritage Products have these great features

Interest is calculated daily
Direct Salary credit to loan
Available for Australian or New Zealand citizens who are living in a country other than Australia (Non-residents)
Transaction accounts with $0 monthly account keeping fee and no fees on our network of over 10,000 ATMs across Australia^
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.

+ Withdraw money from Heritage, ANZ, Westpac, NAB and Commonwealth Bank ATMs without being charged an ATM fee. Please note that some ATMs may still charge fees. You should refer to the prompts on the ATM screen that will indicate if a fee is going to be charged.

^{^}$2000 cashback offer for Eligible First Home Buyers with new loan of $250,000 or more, LVR of 80% or more and Lenders Mortgage Insurance. Eligible loans are Discount Variable, Standard Variable, and Fixed Rate Home Loans (including Home Advantage Package eligible loans). Apply from 1 October 2020 to 30 November 2020 and settle by 28 February 2021. Cashback paid after settlement to eligible Heritage transaction account. ~On selected home loans. Conditions, criteria and fees apply. Further terms and conditions apply and are available at heritage.com.au/first-home. Information correct as at 29/10/20 and could change without notice.