The Finance Algorithm
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480 - Housing Interest Only

Pay Only The Interest On The Principle Amount During The Term Of This Loan. Ideal If You're Looking For Bridging Finance Once You've Purchased A New Home And Are Awaiting The Sale Of Your Existing Home.

Home loansBank updated 27 Oct 2026
Apply at Broken Hill Bank ↗Product page ↗Fees and pricing ↗

At a glance

Max LVR
90%
Features
extra repayments

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 ApprovalOwner occupied, Interest only--7.79%7.84%-

Rate changes

One change logged, newest first.

DateRateWasNowChange
28 Oct 2026Variable, Owner occupied, Interest only7.54%7.79%up 0.25

Each change is logged the night it appears in the rates Broken Hill Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

23 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 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

Extra 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
  • Maximum LVR 90%
  • Subject To Eligibility For Credit Via Loan Application Assessment

Published by Broken Hill Bank under the Consumer Data Right, last changed by them on 27 Oct 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.