Bendigo Bank has announced it is decreasing its Bendigo Express Home Loan and Basic Home Loan variable interest rates.
Bendigo Bank Executive, Consumer Banking, Richard Fennell said the changes introduced will enhance customer experience by providing greater choice.
“Some of our customers, particularly first home buyers, may prefer the assisted home loan journey and market-leading service excellence of our Bendigo Bank branch and Mobile Lender Network – while digitally savvy customers may be happier choosing the ease, speed and convenience of the Bendigo Express online experience.
“Whichever loan pathway customers choose, both are highly price competitive and easy to manage with flexible terms and additional repayment options,” he said.
The changes will come into effect on 12 April for both new Basic and Express owner occupied principal and interest residential loan customers.
The changes for new residential owner-occupied loan customers include:
- Bendigo Express Home Loan: Owner occupier principal and interest variable loans will decrease by 0.10% p.a. to 3.79 per cent, per annum.
- The Basic Home Loan: Owner occupier principal and interest variable loans will decrease by 0.20% p.a. to 3.79 per cent, per annum.