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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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.

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