Skip to main content
We're here for you. Visit our COVID-19 help page for information on how we can help.
Close alert
Locate us 1300 236 344
Logon
Financial planningFuneral Bonds

Bendigo Bank reduces variable home loan rate to 6.26% p.a.

10 May 2013 |Media centre

Bendigo Bank has announced it will decrease its residential variable home loan interest rate by 0.25% p.a. to 6.26% p.a.

Bendigo and Adelaide Bank Managing Director Mike Hirst said the adjustment aims to find a fair balance for all of the Bank's key stakeholders.

"When setting interest rates our Bank needs to take into account a wide range of factors and carefully consider its key stakeholders including borrowers, depositors, staff, shareholders, partners and the wider community," Mr Hirst said.

Customers with an average variable home loan of $250,000 will see their repayments decrease by $41 a month (principal and interest home loan over 30 years).

The adjustment is effective 27 May 2013 for existing loans.

Related Topics

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.

© Copyright 2020 Bendigo and Adelaide Bank