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Bendigo Bank cuts variable home loan rates

5 July 2019 |Announcements

05 July 2019: Bendigo Bank will decrease its variable interest rates in response to the Reserve Bank of Australia’s latest official interest rate cut.

  • New and existing owner occupier principal and interest and interest only variable home loan rates will reduce by 0.20% p.a.
  • New and existing investor principal and interest and interest only variable home loan rates will reduce by 0.15% p.a.

Managing Director, Marnie Baker said the Bank carefully balances a range of factors when reviewing rate changes and responding to official cash rate movements.

“We consider a variety of factors when deciding on any rate movements. Today’s announcement aims to provide a competitive rate whilst carefully taking into account the diverse interests of all our stakeholders, the performance of our business, our market competitiveness, market conditions and importantly, the strength of our national network which supports the prosperity of communities across the country.”

The interest rate changes will be effective from 29 July 2019.

Media Contacts
Simon Fitzgerald
Head of Public Relations
0427 460 046

Kevin Daly
Public Relations Manager
0431 995 041

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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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