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Heritage Bank Car Loan

The Heritage Bank Car Loan offers rates from 6.49% p.a. (6.84% p.a. comparison rate*). on loans of $5,000 to $100,000.


Updated 10 July 2025


Fact checked and verified. Updated 10 July 2025
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Expert Review

The Heritage Bank Car Loan is a secured loan with a fixed interest rate of 6.49% p.a. The comparison rate is 6.84% p.a.. This loan offers predictable repayment amounts throughout its term. Borrowers can apply for loans between $5,000 and $100,000. The loan terms are flexible, ranging from 1 to 7 years. An establishment fee of $250 is charged at the start. There are no ongoing monthly fees. This makes it a simple and cost-effective option for financing vehicle purchases.

This car loan is great for individuals looking for car finance that focuses on payment certainty. It also helps reduce overall interest costs. Another benefit is the ability to redraw any extra repayments made earlier. This offers financial flexibility when needed. Additionally, there are no fees for early loan repayment. Borrowers can manage their finances efficiently without extra charges.

Product Details
Fees

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$250 establishment fee

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$0 annual fee

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No early repayment fee

Other fees may apply.

Rates

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Fixed rate of 6.49% p.a.

Loan Amount

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From $5,000 to $100,000

Loan Terms

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1, 2, 3, 4, 5, 6 or 7 years

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Secured loan

Features

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Redraw extra repayments that you have made

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Heritage Bank website.

More information
The comparison rates on this page are based on either a $30,000 loan over 5 years, or a $10,000 loan 3 years, as indicated with each rate. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in different comparison rates.
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Stay or Go Pty Ltd (“Stay or Go”) provides information about and compares credit products in the Australian market and is authorised to do so as the holder of Australian Credit Licence 527092. We do not compare every credit product in the Australian market. We are not a credit provider and we do not provide credit assistance. When we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via our website, you are not applying with us, you are applying directly with the credit provider and will be redirected to their website. We endeavour to ensure that the information on this website is current and accurate however, before entering into any credit product with a credit provider displayed on our website, you should confirm the fees, rates, product information, and eligibility criteria with the credit provider and read the Target Market Determination (TMD) available via their website. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice. The use of any trade name or trademark on this website is for identification, comparison and reference purposes only and does not imply any association with the trademark holder or their brand. Please refer to our Terms of Use for more details.