Broken Hill Bank
Choice Offset Home Loan
The Choice Offset Home Loan Allows You To Accumulate Savings In A Specific Savings Account And Use That Account Balance To Reduce Interest On Your Home Loan.
Home loansBank updated 14 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.54% · 6.59% comparison
- Max LVR
- 80%
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied · P&I | — | — | 6.54% | 6.59% | — |
§ 02 — Fees · 14
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Credit Bureau Default Listing | Event | $50 | — | — |
| Debt Agreement Fee | Event | $150 | — | — |
| Guarantee Security Fee | Event | $225 | — | — |
| Loan Contract Variation Fee | Event | $225 | — | — |
| Loan Establishment Fee | Event | $655 | — | — |
| Loan Establishment Fee | Event | $705 | — | — |
| Security Handling Fee | Event | $200 | — | — |
| Settlement Fee | Event | $150 | — | — |
| Loan Redraw Processing Fee | Transaction | $35 | — | — |
| Discharge of Mortgage Fee | Upfront | $125 | — | — |
| Discharge of Mortgage Fee | Upfront | $649.02 | — | — |
| IPEX Fee - Loan Funding # | Upfront | $35 | — | — |
| Loan Establishment Fee # | Upfront | $855 | — | — |
| Veda credit report fee | Upfront | $19.95 | — | — |
§ 03 — Features
Offset accountRedrawExtra repaymentsDigital bankingUnlimited transactions"Relationship Rewards"
- · No Monthly Account Keeping Fees
- · No Loan Service Fees
- · No Penalties For Early Payouts
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian Citizens Or Permanent Residents
- · Amount $250,000 to no maximum
- · Maximum LVR 80%
- · Subject To Eligibility For Credit Via Loan Application Assessment
§ 05 — Compare
§ 06 — Run the numbers
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Published by Broken Hill Bank under the Consumer Data Right, last changed by them on 14 Sept 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.