Heritage
Discount Variable - Investment
Enjoy a low rate home loan with no monthly administration fee, the ability to make additional repayments and free online redraw.
Home loansBank updated 9 June 2026
At a glance
- Variable (investor P&I)
- 6.14%
- Max LVR
- 95%
- Features
- redraw, extra repayments
§ 01 — Rates · 14
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableDiscount Variable; LVR<=70%; Loan Amount >=$20,000 - $699,999; | Investment · Interest only | — | ≤70% LVR · $20,000–$699,999 | 6.44% | 6.44% | — |
| VariableDiscount Variable; LVR<=70%; Loan Amount >=$700,000; | Investment · Interest only | — | ≤70% LVR · $700,000+ | 6.44% | 6.44% | — |
| VariableDiscount Variable; Loan Amount >=$20,000; | Investment · Interest only | — | ≤95% LVR · $20,000+ | 8.74% | 8.74% | Reference Rate |
| VariableDiscount Variable; LVR>70.1% - 80%; Loan Amount $20,000 - $699,999; | Investment · Interest only | — | 70–80% LVR · $20,000–$699,999 | 6.54% | 6.54% | — |
| VariableDiscount Variable; LVR>70.1% - 80%; Loan Amount >=$700,000; | Investment · Interest only | — | 70–80% LVR · $700,000+ | 6.54% | 6.54% | — |
| VariableDiscount Variable; LVR>80.1% - 90%; Loan Amount $20,000 - $699,999; | Investment · Interest only | — | 80–90% LVR · $20,000–$699,999 | 6.94% | 6.94% | — |
| VariableDiscount Variable; LVR>80.1% - 90%; Loan Amount >=$700,000; | Investment · Interest only | — | 80–90% LVR · $700,000+ | 6.94% | 6.94% | — |
| VariableDiscount Variable; LVR<=70%; Loan Amount >=$20,000 - $699,999; | Investment · P&I | — | ≤70% LVR · $20,000–$699,999 | 6.14% | 6.15% | — |
| VariableDiscount Variable; LVR<=70%; Loan Amount >=$700,000; | Investment · P&I | — | ≤70% LVR · $700,000+ | 6.14% | 6.15% | — |
| VariableDiscount Variable; LVR<=95%;Loan Amount >=$20,000; | Investment · P&I | — | ≤95% LVR · $20,000+ | 8.74% | 8.74% | Reference Rate |
| VariableDiscount Variable; LVR>70.1% - 80%; Loan Amount $20,000 - $699,999; | Investment · P&I | — | 70–80% LVR · $20,000–$699,999 | 6.24% | 6.25% | — |
| VariableDiscount Variable; LVR>70.1% - 80%; Loan Amount >=$700,000; | Investment · P&I | — | 70–80% LVR · $700,000+ | 6.24% | 6.25% | — |
| VariableDiscount Variable; LVR>80.1 - 90%; Loan Amount $20,000 - $699,999; | Investment · P&I | — | 80–90% LVR · $20,000–$699,999 | 6.64% | 6.64% | — |
| VariableDiscount Variable; LVR>80.1% - 90%; Loan Amount >=$700,000; | Investment · P&I | — | 80–90% LVR · $700,000+ | 6.64% | 6.64% | — |
§ 02 — Fees · 34
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Capital reduction recalculation fee | Event | $75 | — | — |
| Change of term fee | Event | $75 | — | — |
| Collateral Security Preparation fee | Event | $100 | — | Payable when taking security over a new Collateral Security Property (any security other than the first new security), on application. |
| Consent Fee | Event | $200 | — | Consent to the registration of a Land Titles document over the security property to a third party |
| Default Fee | Event | $30 | — | will be charged monthly until no longer in default |
| Direct Debit dishonour fee | Event | $10 | — | — |
| Document/Record Search fee | Event | $12 | — | — |
| Enforcement Fee | Event | $20 | — | — |
| Guarantor Fee | Event | $200 | — | Payable for having a guarantee listed as security on your loan. |
| Monthly fee | Event | No fee | — | — |
| Partial release processing fee | Event | $220 | — | — |
| Production Fee | Event | $100 | — | if Heritage is required to produce a security document to the State's Land Titles Authority or agency |
| Redraw Administration Fee | Event | $20 | — | while you do not meet the package eligibility criteria & not completed online |
| Renegotiation fee | Event | $250 | — | — |
| Special Request Transaction Listing Fee | Event | $7.50 | — | — |
| Substitute Security Fee | Event | $450 | — | — |
| Telegraphic Transfer fee (PEXA settlements) | Event | $35 | — | Payable to ANZ Banking Group or Westpac Banking Corporation on settlement if any of the amount of credit is telegraphically transferred. |
| Telegraphic transfer fee | Event | $30 | — | Payable if money lent to you is telegraphically transferred within Australia |
| Trust/Company Document Examination fee | Event | $250 | — | Payable on application for trust/company structures |
| Loan Finalisation Fee | Exit | $345 | — | — |
| Agent's fees | Other | $0 to $0 | — | Agent's fee payable to any agent used by Heritage or its solicitor to attend settlement or stamp, lodge or register a document on settlement of Loan. |
| Approval request fee | Other | $0 to $0 | — | Payable if you ask for our approval under the credit contract or a security in relation to a transaction or proposal. |
| Bank cheques cost payable to any Bank issuing a bank cheque for settlement on settlement of Loan. | Other | $0 to $0 | — | The amount charged by the bank to Heritage, its Agent or your Solicitor (currently estimated at approximately $12.00 per cheque). |
| Council mortgage notification fee | Other | $0 to $0 | — | The amount charged by the local government |
| Mortgage Dealing Fee | Other | $0 to $0 | — | Amounts charged to Heritage per Mortgage Dealing |
| Paper Based Statement Fee | Other | $3 | — | Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge. |
| Partial Release Assessment fee | Other | $0 to $0 | — | $100 per security |
| QBE - Lenders mortgage insurance | Other | $0 to $0 | — | Amount varies depending on LVR and loan amount |
| Stamp Duty | Other | $0 to $0 | — | Amounts charged to Heritage for Stamp Duty |
| Title Registration Fee | Other | $0 to $0 | — | Land registries are managed state-by-state, so costs differ across Australia. |
| Title search - payable to Agent/Solicitor | Other | $0 to $0 | — | The amount charged to Heritage by the Agent or Solicitor |
| Title Search | Other | $0 to $0 | — | Land registries are managed state-by-state, so costs differ across Australia. |
| Valuer's fee may become payable to Valuation Exchange Pty Ltd if Heritage obtains a valuation for a property subject to a Security in connection with a proposed transaction (such as an application for a further advance or an application to substitute securities). | Other | $0 to $0 | — | The amount charged to Heritage |
| Cheque Fee | Upfront | $10 | — | — |
§ 03 — Features
RedrawExtra repaymentsGuarantor option
- · Get a competitive low variable interest rate on our simple Discount Variable Rate Home Loan
- · Loan terms from 1 to 30 years
- · Interest only repayment options available for investors
- · Split Loan available
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: A citizen or permanent resident of Australia or New Zealand
- · Amount $20,000 to no maximum
- · Lending criteria apply
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 9 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.