The Finance Algorithm
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L23 Cash Secured

Have An Existing Fixed Term Deposit Or Don't Want To Use Your Own Money? A Broken Hill Bank Cash Secured Loan Might Be For You.

Personal loansBank updated 27 Oct 2026

At a glance

Variable
7.94%8.63% comparison
Loan size
$2,000 to no maximum
Upfront fee
$280

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: 7.94%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 loans7.94%5.80%Plenti Personal Loan7.96%of 68 institutions33rd lowest of 68, level with one other
Variable personal loanMoves with the lender's rates7.94%6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN8.02%of 45 institutions19th lowest of 45

Rates

Every rate Broken Hill Bank publishes for this personal loan, 2 in all.

TypeApplies toTermBandRateComparisonConditions
VariableLoan Balances $30,000.00 And Greater Reference Rate Provided And Subject To Assessment Of Application For Credit, With Interest Rate Being Offered Upon ApprovalP&I--7.94%8.63%-
VariableLoan Balances Up To $30,000.00 Reference Rate Provided And Subject To Assessment Of Application For Credit, With Interest Rate Being Offered Upon ApprovalP&I--10.75%11.18%-

Fees

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

When you take it out4

  • Credit Report Fee
    $20
  • IPEX Fee
    $35
  • Loan Establishment Fee - Self Employed or Debt Consolidation
    $705
  • Loan Establishment Fee
    $280

When you make a transaction1

  • Loan Redraw Processing Fee
    $35

When particular things happen7

  • BHCCU Enforcement Expense
    No fee
  • Credit Bureau Deafult Listing
    $75
  • Debt Agreement Fee
    $150
  • Enforcement Collection Cost
    No fee
  • Enforcement Expense
    No fee
  • Guarantee Security Fee
    $325
  • Loan Contract Variation Fee
    $200

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 from $2,000, no maximum
  • 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.