Finty
Broken Hill Bank

Broken Hill Bank L21 Personal Loan

Variable rate

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.

Written byDavid Boyd
Interest rate a year, from
17.90%
Comparison rate, from
20.20%
Establishment fee
$230
Monthly fee
Not published
Borrow
$2,000 to $5,000

Monthly repayment

$5,000 over 3 years

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What it would cost

At the lowest published rate of 17.90%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$181
Total repayments
$6,498
Interest
$1,498

Loan details

Rates

Interest rate (a year)
17.90%
Comparison rate (a year)
20.20%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$2,000 to $5,000
Loan term
Not published
Establishment fee
$230
Monthly fee
Not published

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

20.20%

From 20.20%. A typical loan starts at 10.14%.

Setup fee

$230

A typical setup fee is $150.

Most you can borrow

$5,000

Typically you can borrow up to $60,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 17.90%, so the rate you see is the rate you get.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A higher starting rate. Its comparison rate starts at 20.20%, above the typical 10.14%, so it's likely to cost more than most similar loans unless you're offered less.
  • A lower limit. Up to $5,000, less than the typical $60,000, so it may not cover a larger purchase.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.