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Bendigo Bank Reduces Variable Home Loan Rates

7 June 2019 |Consumer Banking
Bendigo Bank today announced it will decrease its variable interest rates by 0.20% p.a.

Bendigo Bank today announced it will decrease its variable interest rates by 0.20% p.a. for all new and existing owner occupier and investor principal and interest loan customers. Interest only variable term loans will decrease by 0.15% p.a.

Managing Director, Marnie Baker said the decision aims to strike a fair balance for the Bank’s stakeholders.

"When setting interest rates, we must consider the needs of all our stakeholders; customers, shareholders, partners and the broader community and carefully balance the interests of both borrowers and depositors.

"We're operating in a record low interest rate environment. When reviewing any decision on rates, we must also ensure our pricing is competitive with the market, provides the appropriate platform for sustainable growth and enables us to continue to support the hundreds of communities we service nationwide."

The interest rate changes will be effective from 28 June 2019.

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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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