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Financial planningFuneral Bonds

Bendigo Bank reduces fixed home loan rates

30 October 2008 |Media centre

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.

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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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