Heritage Bank Car Loan – loan
Car loans up to $19 000
Loan amount
$5,000 – $19,000
Interest from
4.89%
Term
1 – 5 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Car loans up to $19 000
- Term 1 - 5 years
Heritage Bank, now part of Heritage and People's Choice following its 2023 merger, offers a secured fixed-rate car loan for new and used vehicles, typically priced lower than an unsecured personal loan because the vehicle secures the finance.
✓ Pros
- Fixed repayments for the loan term
- Lower typical rate than unsecured borrowing because the car is security
- Customer-owned mutual banking heritage
- Established Queensland-founded bank with a long operating history
✗ Cons
- Vehicle can be repossessed on default
- Smaller branch footprint than the big four banks
- Loan term should be matched to the vehicle's useful life
How to apply
- Check your eligibility
- Apply online
- Approval
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income
- ✓ Vehicle details for security purposes (new, demo or used)
- ✓ Valid photo ID and proof of address
Frequently asked questions
24 hours
The minimum loan amount at Heritage Bank Car Loan is $5,000.
About Heritage Bank Limited
| Company | Heritage Bank Limited |
|---|---|
| Address | Heritage Plaza, 400 Ruthven St, Toowoomba City QLD 4350 |
| Website | https://www.heritage.com.au |