The Finance Algorithm
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L37 Car Loan

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Personal loansBank updated 11 June 2026
Apply at Broken Hill Bank ↗Product page ↗Fees and pricing ↗

At a glance

Variable
9.24%9.67% comparison
Loan size
$2,000 to $100,000
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: 9.24%Every other institution's lowest, 41 in all

Lowest advertised rate, fixed or variable. One dot per institution, at its lowest car loan rate from a bank or lender anyone can apply for; hover or tap a dot for its name.

RateThis personal loanBest anywhereTypical institutionWhere it sits
Car loan from a bank or lenderLowest advertised rate, fixed or variable9.24%5.74%Westpac's Car Loan6.99%of 42 institutions39th lowest of 42

Rates

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

TypeApplies toTermBandRateComparisonConditions
DiscountP&I--6.49%6.88%A Discounted Rate To Help You Buy Or Refinance A Car, Motorcycle Or Caravan.
VariableReference Rate Provided And Subject To Assessment Of Application For Credit, With Interest Rate Being Offered Upon ApprovalP&I--9.24%9.67%-

Fees

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

When you take it out6

  • Credit Report Fee
    $20
  • IPEX Fee
    $35
  • Loan Establishment Fee - Self Employed
    $705
  • Loan Establishment Fee
    $280
  • 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
    $200
  • PPSR Alteration Fee
    $17.50
  • PPSR Discharge Fee
    No fee

Features

RedrawExtra repaymentsDigital bankingUnlimited transactions"Relationship Rewards"
  • No Balloon Payments
  • 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 $100,000
  • Maximum LVR 100%
  • 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.