Bendigo Bank cuts variable home loan rates
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.