Adelaide Bank cuts home loan rate by 0.25%pa

Friday 10 May 2013

Adelaide Bank announced it will reduce its residential standard variable home loan interest rates by 0.25%p.a.  The adjustment is effective 27 May 2013 for existing loans. 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.