Bendigo Bank cuts mortgage rates
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.