Bendigo and Adelaide Bank announces interest rate changes

Bendigo and Adelaide Bank has today announced some changes to the pricing of its home loan products.

Interest rates for Bendigo Bank’s 1 and 2 year fixed rate home loans for owner occupier customers paying principal and interest will decrease by 0.45% p.a as of Friday 20 September.

Acting Chief Customer Officer Consumer Banking, Dennis Teale, said:

“Bendigo and Adelaide Bank continues to carefully consider the impact of interest rates on our home loan customers, with today’s change providing an attractive fixed rate alternative. As Australia’s most trusted bank we understand the impact higher interest rates can have on households and have a team standing by to help our customers with any concerns.”

Customers who are interested in better understanding how these changes could affect them and ensure their current home loan is right for them can complete Bendigo Bank’s free online Home Loan Health Check.

Borrowers who are experiencing difficulty are encouraged to get in touch with the bank to discuss their options and how we can help. Customers can speak with their local branch manager or contact the Mortgage Help Centre on 1300 652 146 or visit bendigobank.com.au/help/.