Boost for brokers at Adelaide Bank

SmartSaver rate reduced to 4.99%p.a.

Adelaide Bank has sliced 0.22% from the SmartSuite residential home loan range for new customers taking out home loans via a mortgage broker.

Damian Percy, General Manager, Adelaide Bank said: “As we flagged recently, Adelaide Bank has been making some significant changes to the way we assist our brokers and their customers as part of a broader push to rejuvenate the brand. 

“We’ve been dedicated to servicing brokers for more than 20 years and built strong relationships within the industry which allows us to understand their needs. 

“The new reduced rate is just the beginning of some exciting changes we’re implementing to create a better environment and a more compelling case for our broker partners to do business with us.

“In a property market that is gathering pace, Adelaide Bank is dedicated to putting brokers first in everything we do and committed to maintaining our industry leading position on loan approval turnaround times.

“The opening in a few weeks of our brand new headquarters at 80 Grenfell St in the heart of Adelaide will also help us build on our strengths with workspaces and service areas that will greatly improve how we work together as a team in servicing our broker partners”, concluded Mr Percy. 

Product

Current Rates

Change

New Rate

SmartSaver

5.21%

-0.22%

4.99%

SmartFit  Variable

5.31%

-0.22%

5.09%

SmartDoc Variable

6.41%

-0.22%

6.19%

SmartDoc Plus

6.66%

-0.22%

6.44%

Product

New Annual Percentage Rate

Comparison Rate

SmartSaver

4.99%p.a.

5.03%p.a.

SmartFit

5.09%p.a.

5.24%

SmartDoc

6.19% p.a.

6.34%

SmartDoc Plus

6.44% p.a.

6.59%

Important information about comparison rates: The comparison rates displayed are calculated for a loan amount of $150,000 over a 25 year loan term. All comparison rates are calculated with a nil offset balance. Warning: This comparison rate applies only to examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Offer for a limited time. Terms, conditions, fees, charges and lending criteria apply. Information correct as at 2nd September 2013 and subject to change. Full details available on application.