Heritage Bank Professional Package Standard Variable

The Heritage Professional Package is also available with theStandard Variable Rate home loan. The package combines the home loan, credit card, and transaction accounts into one. A single, affordable annual fee takes the place of all the separate payments. Additionally, you would get discounts on the Heritage linked insurance products.

All of the typical loan features like redraw facility, extra repayments, split loan facility, and 100% mortgage offset are available with the Standard Variable linked to the Professional Package. You will also get free or reduced price usage on ATM withdrawals, transfers, and enquiries.

Since the accounts are consolidated, you will not have to pay the regular annual fees and some ongoing fees for the home loan, the credit card, and the transaction accounts.

KEY BENEFITS

The key benefits for the Heritage Professional Package Standard Variable Home Loan are listed below:

Extra Repayments

You can pay ahead or pay the mortgage in lump sums. This account allows you to avoid paying early repayment charges.

Split Loan Facility

Even with the Professional Package, you can choose to divide your home loan’s payments between two more loan types. This enables to use the features of each kind at different points.

Redraw Facility

This type of loan gives you the opportunity to redraw or re-borrowing the money you have already paid in to the mortgage and use it for other purposes such as home improvement, to pay for other bills, or even take a holiday.

Interest Only

The feature allows you to pay only interest on the home loan for a set time period. You will not have to pay the principal until that period ends.