S40 Home Equity Advantage

Borrow Using The Equity Of Your Home, Or An Investment Property, With An Overdraft Limit Linked To Your Transactional Account. A Secured Overdraft Facility Gives You The Financial Freedom And Flexibility To Pursue Your Financial Goals.

OverdraftsBank updated 27 Oct 2026

Apply at Broken Hill Bank ↗Product page ↗Fees and pricing ↗

At a glance

Variable: 8.55%
Loan size: $2,000 to no maximum
Upfront fee: $655
Monthly fee: $7

How it compares

This overdraft 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.

Typical 9.25%

8%9%10%11%12%13%14%15%to 16.5%

This overdraft: 8.55%Every other institution's lowest, 14 in all

Lowest advertised rate open to anyone, including lines of credit secured against a home. One dot per institution, at its lowest personal overdraft or line of credit rate anyone can apply for; hover or tap a dot for its name.

Rate	This overdraft	Best anywhere	Typical institution	Where it sits
Personal overdraft or line of creditLowest advertised rate open to anyone, including lines of credit secured against a home	8.55%	7.49%Police Credit Union Limited's Allegro Line of Credit	9.25%of 15 institutions	3rd lowest of 15

Rates

The one rate Broken Hill Bank publishes for this overdraft.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
VariableReference Rate Provided And Subject To Assessment Of Application For Credit, With Interest Rate Being Offered Upon Approval	P&I	-	-	8.55%	-	-

Rate changes

One change logged, newest first.

Date	Rate	Was	Now	Change
27 Oct 2026	Variable, P&I	8.30%	8.55%	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

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

When you take it outUp to $7059 fees, each listed below
While you hold it$7 a monthOverdraft Account Keeping Fee
When you close it or pay it offNo fee published

When you take it out9

Agents Fee
No fee
Credit Report Fee
$20
Electronic Settlement Fee
No fee
Lenders Mortgage Insurance
No fee
Overdraft Establishment Fee - Mortgage Secured
$655
Overdraft Establishment Fee - Self Employed
$705
Registration Fee
No fee
Solicitors Fee
No fee
Valuation Fee
No fee

While you hold it1

Overdraft Account Keeping Fee
$7 a month

When you make a transaction6

ATM/POS Withdrawal
Only customers older than a minimum age receive the discount
No fee
BPay Transaction Fee
Only customers older than a minimum age receive the discount
No fee
Direct Debit
Only customers older than a minimum age receive the discount
No fee
Electronic Funds Transfer Fee
No fee
Over The Counter Cheque Withdrawal Fee
No fee
Periodical Payment Fee
No fee

When particular things happen25

Account Combination Fee
$15
BHCCU Enforcement Expense
No fee
Contract Variation Fee
$275
Credit Bureau Default Listing
$75
Debt Agreement Fee
$150
Discharge Administration Fee
$250
Discharge Of Mortgage Fee
$500.52
Emergency VISA Fee
$50
Enforcement Collection Cost
No fee
Enforcement Expense
No fee
Faxed Statement/Transfer Fees
$10
Guarantee Security Fee
$325
Miscellaneous Service Fee
$35
Over The Counter External Transfer Fee
$8
Paper Statement Fee
No fee
Periodical Payment Alteration
$5
Periodical Payment Rejection
$15
Replacement VISA Card Fee
$25
Security Handling Fee
$200
Settlement Fee
$150
Staff Assisted Internet Banking Transaction
$5
Statement Copy Fee (> 12 Months)
$5
Swift Payment Deposit
$35
VISA Chargback / Voucher Fee
$35
VISA Manual Processing Fee
$20

Features

Extra repaymentsInstant paymentsPayIDDigital bankingUnlimited transactionsOverdraftApplePay, GooglePay And SamsungPay"Relationship Rewards"

No Penalties For Early Payouts

Eligibility and limits

Minimum age 18
Residency: Australian Citizens Or Permanent Residents
Amount from $2,000, no maximum
Subject To Eligibility For Credit Via Loan Application Assessment

Compare it with others

All overdrafts Other Broken Hill Bank overdrafts Everything Broken Hill Bank publishes

Put this product through a calculator

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.