The Finance Algorithm
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L21 Personal Loan

Sometimes The Budget Just Won't Stretch To Something You Really Want, Or Need To Pay For. We Offer Multiple Personal Loans For Countless Worthwhile Purposes, With Fast And Hassle-Free Approval.

Personal loansBank updated 11 June 2026
Product page ↗Fees and pricing ↗

At a glance

Variable
17.90%20.20% comparison
Loan size
$2,000 to $5,000
Upfront fee
$230

How it compares

This personal 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 personal loan: 17.90%Every other institution's lowest, 67 in all

Lowest advertised rate, fixed or variable, leaving out car loans. One dot per institution, at its lowest personal loan rate anyone can apply for; hover or tap a dot for its name.

RateThis personal loanBest anywhereTypical institutionWhere it sits
Personal loanLowest advertised rate, fixed or variable, leaving out car loans17.90%5.80%Plenti Personal Loan7.96%of 68 institutions68th lowest of 68
Variable personal loanMoves with the lender's rates17.90%6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN8.02%of 45 institutions43rd lowest of 45, level with one other

Rates

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

TypeApplies toTermBandRateComparisonConditions
VariableP&I--17.90%20.20%-

Fees

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

When you take it out6

  • Credit Report Fee
    $20
  • Loan Establishment Fee - Debt Consolidation or Secured
    $280
  • Loan Establishment Fee - Self Employed
    $705
  • Loan Establishment Fee
    $230
  • PPSR Registration Fee
    $17.50
  • PPSR Search Fee
    $7.50

When you make a transaction1

  • Loan Redraw Processing Fee
    $35

When particular things happen8

  • BHCCU Enforcement Expense
    No fee
  • Credit Bureau Default Listing
    $75
  • Debt Agreement Fee
    $150
  • Enforcement Collection Cost
    No fee
  • Enforcement Expense
    No fee
  • Loan Contract Variation Fee
    $150
  • PPSR Alteration Fee
    $17.50
  • PPSR Discharge Fee
    No fee

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 $5,000
  • 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.