Finty
Broken Hill Bank

Broken Hill Bank L35 Credit Card Consolidation

Variable rate

What Interest Are You Paying On Your Credit Card Or Other Personal Loans? Not Pretty Is It? Apply For A Broken Hill Bank Credit Crusher And Consolidate Your Debts Into One Easy To Manage Loan Repayment.

Written byDavid Boyd
Interest rate a year, from
9.75%
Comparison rate, from
10.18%
Establishment fee
$18
Monthly fee
Not published
Borrow
$2,000 to $40,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 9.75%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$643
Total repayments
$23,148
Interest
$3,148

Loan details

Rates

Interest rate (a year)
9.75%
Comparison rate (a year)
10.18%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$2,000 to $40,000
Loan term
Not published
Establishment fee
$18
Monthly fee
Not published

How it compares

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

Comparison rate

10.18%

From 10.18%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$5,367

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$18

A typical setup fee is $150.

Most you can borrow

$40,000

Typically you can borrow up to $60,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 9.75%, 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 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.