The Finance Algorithm
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Choice Investment Int Only

Our Choice Investment Interest Only Loan Allows Payment Of Only The Interest On The Principle Amount, With A Low Variable Intereset Rate.

Home loansBank updated 27 Oct 2026

At a glance

Max LVR
70%
Features
extra repayments

Rates

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

TypeApplies toTermBandRateComparisonConditions
VariableInvestment, Interest only--6.99%7.04%-

Rate changes

One change logged, newest first.

DateRateWasNowChange
28 Oct 2026Variable, Investment, Interest only6.74%6.99%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

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

When you take it out5

  • Discharge of Mortgage Fee
    $125
  • Discharge of Mortgage Fee
    $649.02
  • IPEX Fee - Loan Funding #
    $35
  • Loan Establishment Fee #
    $855
  • Veda credit report fee
    $19.95

When particular things happen8

  • Credit Bureau Default Listing
    $50
  • Debt Agreement Fee
    $150
  • Guarantee Security Fee
    $225
  • Loan Contract Variation Fee
    $225
  • Loan Establishment Fee
    $655
  • Loan Establishment Fee
    $705
  • 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
  • Amount from $250,000, no maximum
  • Maximum LVR 70%
  • 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.