The Finance Algorithm
Broken Hill Bank logoBroken Hill Bank

L22 Secured Personal Loan

Purchase Residential Property Where Secured Residential Property Is Valued Less Than $100,000.

Home loansBank updated 11 June 2026
Apply at Broken Hill Bank ↗

At a glance

Variable (owner occ. P&I)
13.75%13.80% comparison
Variable (investor P&I)
13.75%
Max LVR
95%
Features
redraw, extra repayments

How it compares

This home 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.

This home loan: 13.75%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR13.75%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions104th lowest of 104
Investor variable home loanInvestment, principal & interest, 80% LVR13.75%5.94%AAA Financial Corporation's Portfolio Loan6.59%of 104 institutions104th lowest of 104

Rates

The one rate Broken Hill Bank publishes for this home loan.

TypeApplies toTermBandRateComparisonConditions
VariableReference Rate Provided And Subject To Assessment Of Application For Credit, With Interest Rate Being Offered Upon ApprovalP&I--13.75%13.80%-

Fees

24 fees published, grouped by when they're charged.

When you take it out11

  • Agents Fee
    No fee
  • Credit Report Fee
    $20
  • Electronic Settlement Fee
    No fee
  • IPEX Fee
    $35
  • Lenders Mortgage Insurance
    No fee
  • Loan Establishment Fee - Lenders Mortgage Insurance
    $855
  • Loan Establishment Fee - Self Employed or Debt Consolidation
    $705
  • Loan Establishment Fee
    $655
  • Registration Fee
    No fee
  • Solicitors Fee
    No fee
  • Valuation Fee
    No fee

When you make a transaction1

  • Loan Redraw Processing Fee
    $35

When particular things happen12

  • BHCCU Enforcement Expense
    No fee
  • Credit Bureau Default Listing
    $75
  • Debt Agreement Fee
    $150
  • Discharge Administration Fee
    $250
  • Discharge Of Mortgage Fee
    $500.52
  • Enforcement Collection Cost
    No fee
  • Enforcement Expense
    No fee
  • Guarantee Security Fee
    $325
  • Loan Contract Variation Fee
    $275
  • Progress Drawdown Fee
    $150
  • Security Handling Fee
    $200
  • Settlement Fee
    $150

Features

RedrawExtra repaymentsDigital bankingUnlimited transactions"Relationship Rewards"
  • No Monthly Account Keeping Fees
  • No Loan Service Fees
  • No Penalties For Early Payouts

Eligibility and limits

  • Minimum age 18
  • Residency: Australian Citizens Or Permanent Residents
  • Amount $2,000 to $100,000
  • Maximum LVR 95%
  • Subject To Eligibility For Credit Via Loan Application Assessment

Published by Broken Hill Bank under the Consumer Data Right, last changed by them on 11 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.