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Bendigo Bank cuts mortgage rates

22 October 2008 |Media centre

Bendigo Bank has announced that it will reduce its residential variable home loan rate by 0.20 per cent.

The interest rate for Bendigo Bank’s new and existing residential variable home loans will be 8.40% effective from Friday 31 October 2008.

The rate cut also applies to home loans written through the Adelaide Bank branch network.

Chief Executive of Bendigo and Adelaide Bank Retail Bank, Mike Hirst, said Bendigo Bank strived to provide competitive rates, products and services to its customers.

“While global credit markets are still some way from returning to normal, we have committed to provide some interest rate relief to our home loan customers,” Mr Hirst said.

“We continue to monitor our pricing closely, to ensure it remains fair and reasonable for all our stakeholders.”

Customers will be informed of the changes by letter in due course.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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