Bendigo Bank reduces fixed home loan rates
Bendigo and Adelaide Bank has announced a reduction in fixed interest home loan rates by up to 0.20%.
The reduction comes in response to changes in wholesale funding costs, and takes the total reduction in one-year fixed rates since August to 2.46%.
The change applies to home loans written in both Bendigo Bank and Adelaide Bank retail branches.
Chief Executive of Bendigo and Adelaide Bank Retail Banking, Mike Hirst, said the company’s approach to setting rates was to be as fair as possible to all stakeholders.
“Bendigo Bank is fully aware of the strains that are being felt on household budgets across Australia, and we are committed to ensuring our pricing is both fair and reasonable,” Mr Hirst said.
“We have taken a consistent approach to setting our rates, and will continue to monitor our funding costs to ensure we are able to provide competitive and attractive home loans to our customers,” he said.
Summary
| Product | Change | Rate* |
| One year fixed | -0.20% | 7.09% |
| Two year fixed | -0.20% | 7.09% |
| Three year fixed | -0.10% | 7.29% |
| Four year fixed | -0.10% | 7.39% |
| Five year fixed | -0.10% | 7.39% |
*Proposed Rates are correct on the date this media release was published. Please refer to our Home Loan Interest Rates page for current interest rates.
