Standard Personal Loan Fixed
A flexible loan that can be used for holidays, renovations, debt consolidation or a new toy to play with.
At a glance
- Fixed
- 8.99%9.35% comparison
- Loan size
- $5,000 to no maximum
- Upfront fee
- $250
- Monthly fee
- $0
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 8.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 44th lowest of 68, level with 2 others |
| Fixed personal loanRepayments stay the same for the term | 8.99% | 5.80%Plenti Personal Loan | 7.96%of 42 institutions | 27th lowest of 42, level with 2 others |
Rates
The one rate Heritage publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFixed term 1 to 7 years. Interest rates are on a per annum basis. Rates and discounts are correct as stated and subject to change without notice.Comparison rate is calculated on loans as follows: Sta… | P&I | 1 yr fixed | - | 8.99% | 9.35% | - |
Fees
18 fees published, grouped by when they're charged.
- When you take it out$250Application fee
- While you hold itNo feeMonthly Administration Fee
- When you close it or pay it offNo fee published
When you take it out1
- Application fee$250
While you hold it1
- Monthly Administration FeeNo fee
When you make a transaction3
- Direct Debit Dishonour fee$10
- Heritage Cheque Fee
Heritage Cheque fee payable to Heritage if credit under this Credit Contract is provided by a cheque drawn by heritage on itself
$10 - Redraw Administration Fee$20
When particular things happen9
- Capital reduction recalculation fee
If you ask Heritage to capitalise payments in advance or payment or proposed payment under the credit contract
$75 - Change of term fee
Payable if you to ask us to agree or offer to change the loan term.
$75 - Collateral Security Preparation fee
Payable when taking security over a new Collateral Security Property (any security other than the first new security), on application.
$100 - Default fee - if payment remains outstanding after its due date$30
- Document/Record search fee
Whenever Heritage provides a copy of a document relating to your loan at your request or at the request of a security provider
$12 - Enforcement Fee
Payable if we make good on a default under a security by performing a financial obligation (such as payment of an insurance premium or rates).
$20 - Renegotiation Fee
Payable each time you ask us to vary your credit contract or we offer a new credit contract to you.
$250 - Special Request Transaction Listing Fee
Whenever a listing of transactions between two given dates is issued on your account
$7.50 - Telegraphic Transfer Fee
Payable if money lent to you is telegraphically transferred within Australia.
$30
Other fees4
- Approval request fee
Payable if you ask for our approval under the credit contract or a security in relation to a transaction or proposal
$0 to $0 - Bank Cheque Fee
Cost payable to any bank issuing a bank cheque for settlement on settlement of loan.
$0 to $0 - Paper Based Statement Fee
Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.
$3 - PPSR Search fee
When Heritage carries out a PPSR search on a motor vehicle subject to a security. Fee is charged per PPSR search.
$0 to $0
Features
- Ability to make additional or lump sum payments
- Unsecured Only
- No Penalty for paying out early
- SMS services
- Electronic or paper statements available
- Loan term of up to 7 years
- Flexible repayment options
- Fixed repayments to make budgeting easy
- Make unlimited extra repayments, repay in full at anytime
Eligibility and limits
- Minimum age 18
- Residency: Australian Permanent Residents and Citizens
- Amount from $5,000, no maximum
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 4 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.