Rating based on 971 reviews
About Heritage Bank
Presenting as a smart and polished presence online, Heritage Bank’s sophisticated site is well laid out and a pleasure to navigate.
Although detailed due to its full-service offering, the option on a consolidation loan is accessible and one many Australians see the sense of nowadays. With a reasonable rate and generous terms, Heritage Bank endears itself to existing clients and new clients alike.
Click through or make a call
Accessing intel on a consolidation loan requires a bit of surfing, and one clicks through via personal loans in order to begin the process. To their credit, a pop-up appears with telephone contact details for those who prefer doing the application telephonically.
One debt – less stress
The gist of a consolidation loan is that a consumer finds that they have many monthly or other accounts to service and then loans a certain amount to settle these said creditors. This then leaves the consumer with a single debit to field monthly.
Heritage Bank know have made efforts to extend personal loans of this nature to the Australian public who will, in their view, benefit from said services.
What Heritage Bank can offer you
The service offering on a consolidation loan from Australia’s largest mutual bank can be accessed via their extensive branch network or online,
Having one manageable debt consolidation loan account at a negotiated rate of interest presents as a viable option for many consumers. Depending on whether a loan is secured or unsecured a client’s offered loan total may vary. There is also the option of a fixed interest rate on the loan. The site is populated with loan calculators and other useful tools and information.
Minimum and maximum
Personal loans start at $5,000 to a maximum of $25,000 for an unsecured loan and $100,000 for secured loans. Repayment terms range from 1 year to 10 years.
Pitched at a rate of 12.99% against a comparative rate of 15.45%. many Australians access the offer from Heritage Bank as the rates are affordable and the terms preferable to many others out there.
There is a debt consolidation application fee of $200 and a monthly account fee of $5.
Self-employed clients may also apply and simply have to fulfil the basic requirements of good banking history and regular income.
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In a Nutshell
- Average processing time 2 days
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
- Early repayment
Heritage makes it simple and convenient for you to apply for a debt consolidation loan
Being the largest mutual bank in the country, with roots in Queensland, the company’s building society origins still shine through.
There are many benefits to taking up a loan offer from such a large corporation. As a general rule, a quick loan for consolidating debt from Heritage Bank enables many consumers to free up some cash every month and therefore live more comfortably.
Comparison made easy
With a comparative chart on their website, all salient facts and figures are lined up side by side to make decisions easy.
Although obviously offering a wide range of usual banking facilities, Heritage Bank’s consolidation loan offer comes backed by an experienced and yet flexible lender.
Expect great service
The company has made a concerted effort to address the needs of the modern consumer and both onsite and in-store, clients can expect great service and a logical breakdown of the loan fees and costs.
Even higher amounts may be applied for and granted on the back of a client’s credit rating and ability to meet monthly repayments.
When you have a mountain of debt to repay but you can barely make ends meet then you may need to consider ways in which to reduce your debt before it’s too late.
Ways to help improve your financial situation include negotiating with your creditors. Although you may not want to admit that you are struggling with your debt, let your creditors know your problems can be very beneficial. If you are open and honest most creditors will assist you by extending your repayment terms or giving you a once off settlement
Apply for a debt consolidation loan
Lower your overall monthly instalments by applying for a debt consolidation loan - you can do this by using your home as equity. This will allow you to save a lot of money on interest and on other fees and charges. This loan offer’s much longer repayment terms at a reduced monthly payment.
If you prefer you can apply for a personal loan and use that to reconsolidate your debt.
Transfer the balance on your credit card
If you have a good credit score then you can apply for a balance transfer credit card, this will allow you to transfer all your current credit card debt onto one card. This card will have a lower interest rate. The card will come with an interest free period, use the card during this time to make interest free payments and reduce your debt very quickly.
If your debt is very bad then you should consider credit counselling as a possible option.
Eligibility & Requirements
- Employed full-time
- Earning a stable income
- Credit check
- Good credit history
Other Products & Services
- Credit Cards
- Home Loans
- Personal Loans
Customer Reviews & Testimonials
Heritage bank helped me save money and get my debt under control. The consultant that helped me was excellent and answered all the questions that I had. I am a very happy customer and would recommend your service to all my friends and family.
— Brisbane —
I was amazed at how easy the application process was and how quickly my loan agreement was processed. I saved so much money and don’t need to worry about creditors hounding me at work. Thank you Heritage Bank for helping me control my debt.
— Adelaide —
My debt was pilling up and my salary just wasn’t cutting it anymore, I was losing sleep and didn’t know where to turn. A friend of mine told me how much money she was able to save so I decided to take a chance and apply. My debt consolidation loan was approved quickly and your expert consultants were able to negotiate ...
— Perth —
Here’s a short video about Heritage Bank
- 6th Floor 400 Ruthven St, Toowoomba, QLD , 4350, Australia
- PO Box 190, Toowoomba, 4350, Australia
- Monday 08:30 – 19:00
- Tuesday 08:30 – 19:00
- Wednesday 08:30 – 19:00
- Thursday 08:30 – 19:00
- Friday 08:30 – 19:00
- Saturday 08:30 – 19:00
- Sunday Closed –