Bank awarded for best property investment loan
Bendigo and Adelaide Bank has been recognised for its premium investment product offering at a recent industry awards gala.
The Bank took out Best Property Fixed Interest Investment Loan at the Financial Review Smart Investor Blue Ribbon Awards 2016, awarded for the Bendigo Bank Connect Package.
Adelaide Bank SmartFix was also highly commended in the same category, and Leveraged was highly commended in the Best Margin Loan category.
The Financial Review Smart Investor Blue Ribbon Awards are held annually and boast a comprehensive and independent evaluation of banking, insurance and investment products.
In awarding the best loan win to the Bendigo Bank Connect Package, judges commented on the product's "superior blend of features, price and low rate".
"For the property investor who values the certainty of a fixed rate loan and the backing of a solid financial institution, you can't go past Bendigo Bank's Connect Package," the winner's citation read.
Bendigo and Adelaide Bank Chief Customer Officer Marnie Baker said the accolades reflected the Bank's premium product offering, quality customer service and unique innovation.
"We constantly strive to improve our offering, seeking bigger and better ways of doing business and we hope that effort continues to achieve consistently high customer satisfaction," Ms Baker said.
"Our customers can continue to expect exceptional product offering and service from our experienced staff, and also our commitment to support the communities in which they live to thrive and prosper."
Bendigo Connect is a loyalty package that allows customers to accumulate home loan rate reductions for each product they choose to bundle with their loan, whether that's a transaction account, credit card, term deposit or insurance.
There are nine different products and customers can choose up to three to obtain the full 0.15 per cent reduction^.
Plus these products also have their own reciprocal benefits, the waiving of annual credit card fees for example.
Since its launch just a few months ago, it now makes up more than 50 per cent of Bendigo Bank's new home loan applications.
"This is by far the best take up we've ever had on a new lending product," Ms Baker said.
"Customers are able to select products that truly meet their needs, and that's our ultimate goal, because we're focussed on making it easier for customers to manage their finances and build their wealth."
Bendigo and Adelaide Bank aims to be Australia's most customer-connected bank, with more than 600 service outlets, including 312 locally owned Community Bank® branches that have collectively reinvested more than $148 million of their profits into local projects.