Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Adelaide Bank cuts rates across broker offerings

percentage home ta percentage home ta
Charbel Kadib 5 minute read

The non-major has reduced variable and fixed rates across its investor and owner-occupier home loans by up to 65 basis points.

Adelaide Bank has reduced rates across its SmartFit, SmartSaver and SmartFix home loan products, offered exclusively through the broker channel, with changes effective for new applications from Tuesday, 13 August.

For owner-occupiers:

  • SmartFit variable P&I rates now start from 3.29 per cent (3.52 per cent comparison rate)
  • SmartSaver variable P&I rates now start from 3.29 per cent (3.33 per cent comparison rate)
  • SmartFit variable interest-only rates now start from 3.79 per cent (4.11 per cent comparison rate)
  • SmartSaver variable interest-only rates now start from 3.79 per cent (3.95 per cent comparison rate)
  • SmartFix P&I rates now start from 3.19 per cent (4.07 per cent comparison ate)
  • SmartSaver fixed P&I rates now start from 3.14 per cent (3.88 per cent comparison rate)
  • SmartFix interest-only rates now start from 3.69 per cent (4.15 per cent comparison rate)
  • SmartSaver fixed interest-only rates now start from 3.64 per cent (3.97 per cent comparison rate)

For investors:

Advertisement
Advertisement
  • SmartFit variable P&I rates now start from 3.59 per cent (3.63 per cent comparison rate)
  • SmartSaver variable P&I rates now start from 3.59 per cent (3.89 per cent comparison rate)
  • SmartFit variable interest-only rates now start from 3.79 per cent (4.05 per cent comparison rate)
  • SmartSaver variable interest-only rates now start from 3.79 per cent (3.89 per cent comparison rate)
  • SmartFix P&I rates now start from 3.49 per cent (4.04 per cent comparison ate)
  • SmartSaver fixed P&I rates now start from 3.44 per cent (3.85 per cent comparison rate)
  • SmartFix interest-only rates now start from 3.69 per cent (4.07 per cent comparison rate)
  • SmartSaver fixed interest-only rates now start from 3.64 per cent (3.88 per cent comparison rate)

In a statement to The Adviser, Amanda James, Adelaide Bank’s head of broker, said that the rate cuts were part of a broader strategy to expand the non-major’s presence in the third-party channel.

“These new rates reflect the fact that we are committed to providing brokers and their customers with real value, and they are just the start,” she said.

Adelaide Bank recently partnered with Aussie Home Loans to launch Aussie Elevate, a new white label home loan product offered exclusively via the brokerage.

[Related: Aussie launches new Adelaide Bank-funded home loan]

Adelaide Bank cuts rates across broker offerings
percentage home ta
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

PROMOTED CONTENT


percentage home ta
Charbel Kadib

Charbel Kadib

Charbel Kadib is the news editor on The Adviser and Mortgage Business.

Before joining the team in 2017, Charbel completed internships with public relations agency Fifty Acres, and the Department of Communications and the Arts.

Email Charbel on: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

more from the adviser
Renee Tocco

Breaking News

Prospa acquires brokerage

The SME lender has acquired a commercial finance brokerage and we...

Housing construction

Breaking News

Stamp duty, supply blocking housing affordability: REA

Reforming stamp duty, increasing housing supply and further exten...

suburb

Breaking News

First home buyers flee big cities

Analysis of broker-originated loans has shown that their first ho...