Rating based on 21 reviews

Heritage Bank Car Loan

  • Car loans up to $100,000
  • Low-interest up to 8.99%
  • Repayment up to 7 years

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Author Heritage Bank. Screenshot of Heritage Bank website.
[Accessed May 2, 2023]

Heritage Bank – Let them finance your dream car

Heritage Bank can be traced back to 1875 at the time of the Toowoomba Permanent Building Society was established.

This was followed by the Darling Downs Building Society in 1897. The two societies co-existed side-by-side in the city of Toowoomba until 1981. This is when they merged and Heritage Building Society was born.

They have a customer-owned structure

Head Office was newly constructed in the Heritage Plaza complex on Ruthven Street in 1983. This was the very first high-rise building to be built in Toowoomba CBD. In the year of 1995 their total consolidated assets passed the $1 billion mark and in 2005 they had a breakthrough, reaching the $5 billion mark. In the year 2011, they changed their name to Heritage Bank, but their customer-owned structure never changed, it remained as is.

Car loans up to $100,000

Vehicles up to five years old can be financed with Heritage Bank Car Loans whether they are old or new.

Heritage bank offers you the benefit from the flexibility with their car loans. You can finance a new vehicle or a vehicle that is five years old whilst taking advantage of the same competitive rate plus you get to decide how you would prefer to make repayments by either paying monthly, weekly or every fortnight you also have the choice of long-term repayments of up to seven years.

Main points to consider with the Heritage Bank car loan

The minimum loan term for this loan is one year and the maximum long-term seven years, this is a secured car loan, meaning that a new or used vehicle must be used in order to be eligible for this loan.

You are able to apply for a loan for a minimum of $5,000 and a maximum of $100,000 but the vehicle cannot be older than five years.

Heritage Bank – Car loan

  • Loan Type Car loans
  • Interest Rate 8.99%
  • Loan Amount up to $100,000
  • Repayment 1 year to 7 years

Benefits of Heritage Bank

  • Get a loan that fits your budget
  • Flexible repayment plans
  • Quick and easy vehicle finance

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This car loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Features of the Heritage Bank Car Loan

Apply for this loan via an online application, telephonically or pop into the branch for assistance. To find out if you are eligible, go to their site and follow the steps.

Below are some of the features related to their car loan

  • A fixed rate – This is a fixed rate so you are able to budget because you have the certainty of knowing what your personal loan repayments will be every month. These available rates start at 8.99 percent annually and the comparison rate of 9.62 percent annually,
  • Flexible repayment terms – This will enable you to mould your cash flow schedule as far as repayment is concerned. You can choose how you would like to make repayment by paying weekly, fortnightly or monthly.
  • Flexible loan term – Should you want to settle your loan you are able to choose to settle in one year or if you would prefer seven years the choice is entirely up to you.
  • Secured loan – The vehicle that you want to purchase will be used as security for this loan because this it is a secured loan.

Fees and charges

After your car loan application has been approved a free schedule will be created for you, however, below are some of the fees that you can expect to be charged are as follows: The monthly loan fee is $5, there is a fee that will be charged upon you settle your account at any time, the application fee is $200 and last but not least a redraw additional repayment fee.

Do you meet the criteria

You will need to be 18 years of age or older, you must be an Australian Citizen and be in a position to financially meet your obligations for this loan.

Some documents you need to provide include:

Your assets and liabilities situation – You can provide this information by providing your payslips, bank statement, utility bills and any other accounts such as a retail store account.

What happens when you click "go to site"?

The go-to site will take you to your online application form. By no means do you need to be an existing client to apply? Normally, your application will take no more than ten to fifteen minutes to complete. Provisional approval will usually happen within 1 business day after you have submitted your application. In most cases, you will have your money within a week. Consider this quick loan as an option when it comes to looking for finance for that dream car you have been eyeing out for some time now.

Financial hardship

They understand that at times life can take unexpected turns. So for this reason Heritage has developed policies and processes that will assist their members with their mortgage loans, Personal Loans as well as credit cards in times of financial difficulties.

If you are finding it difficult in meeting your financial commitments, please don’t hesitate to contact their Collection team, they will assist you by discussing your circumstances with the utmost discreet and provide a solution such as debt consolidation or counselling in order to help you get through this difficult time.

On the other hand, you could also apply for Hardship relief, all you need to do is complete the Hardship Relief form and return the form to Heritage and they will contact you to discuss your application further.

man holding thumbs up

Heritage Bank is a trusted & reliable provider of car loans

In our review, Heritage Bank adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Heritage Bank is a registered credit provider in Australia: ACL 240984

Customer Reviews & Testimonials

I have never had better service as a businessman looking for a vehicle loan and to be helped to where I could even get insurance for my car was a great feeling.

Jackson P
— Perth —

The best part about this company is even though my credit score was not very high they were willing to help me and I got my car loan.

Henry C
— Sydney —

Fantastically brilliant service and I have gotten my car I couldn’t be happier.

Dave L
— Darwin —

Heritage Bank Contact

Contact Number



Physical Address

Opening Hours

  • Monday 09:00 – 16:30
  • Tuesday 09:00 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed