Interest rate changes effective 8 September 2021

8 September 2021

Heritage Finance Holdings Corporation has made changes to select fixed home loan interest rates effective Wednesday 8 September, 2021.

The rate changes are as follows:

MORTGAGE – OWNER OCCUPIER (new lending, switches and refixes)

• Increase Standard 3 Year Fixed  ≤95% interest rate by 10bps from 2.19% to 2.29%
• Increase Standard 5 Year Fixed  ≤95% interest rate by 10bps from 2.59% to 2.69%
• Increase Package 3 Year Fixed  ≤95% interest rate by 10bps from 2.19% to 2.29%
• Increase Package 5 Year Fixed  ≤95% interest rate by 10bps from 2.59% to 2.69%
• Increase ProPack 3 Year Fixed  interest rate by 10bps from  2.19% to 2.29%
• Increase ProPack 5 Year Fixed  interest rate by 10bps from 2.59% to 2.69%

MORTGAGE – INVESTOR (new lending, switches and refixes)

• Increase Standard 3 Year Fixed  ≤90% interest rate by 10bps from 2.39% to 2.49%
• Increase Standard 5 Year Fixed  ≤90% interest rate by 10bps from 2.89% to 2.99%
• Increase Package 3 Year Fixed  ≤90% interest rate by 10bps from 2.39% to 2.49%%
• Increase Package 5 Year Fixed  ≤90% interest rate by 10bps from 2.89% to 2.99%
• Increase Standard 3 Year Fixed Interest Only  ≤90% interest rate by 10bps from 2.49% to 2.59%
• Increase Standard 5 Year Fixed Interest Only  interest rate by 10bps from 3.09% to 3.19%
• Increase Package 3 Year Fixed Interest Only  ≤90% interest rate by 10bps from 2.49% to 2.59%
• Increase Package 5 Year Fixed Interest Only  ≤90% interest rate by 10bps from 3.09% to 3.19%
• Increase ProPack 3 Year Fixed  interest rate by 10bps from 2.39% to 2.49%
• Increase ProPack 5 Year Fixed  interest rate by 10bps from 2.89% to 2.99%
• Increase ProPack 3 Year Fixed Interest Only interest rate by 10bps from 2.49% to 2.59%
• Increase ProPack 5 Year Fixed Interest Only interest rate by 10bps from 3.09% to 3.19%

These changes are coming in to maintain the best interests of our customers overall. Our interest rate changes are implemented to ensure good pricing benefits for depositors and borrowers.

As a customer-owned bank, Heritage Finance Holdings puts the best interest of members first. Unlike the big listed banks, we only aim to make a modest profit each year and then reinvest those funds into providing better products and services to all members. None of our profits are paid out to shareholders like the big listed banks.

You can find more information on our rates available at our interest rates page.