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Non-major bank cuts rates

by Michael Masterman7 minute read

A non-major bank has cut 0.22 per cent from its residential home loan interest rates for new customers who take out loans via a mortgage broker.

Adelaide Bank has reduced its rates on the SmartSuite residential home loan range, effective 2 September 2013.

Damian Percy, general manager at Adelaide Bank, said the move is part of a broader push to rejuvenate the bank’s brand and provide better assistance to brokers and their customers.

“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,” he said.

“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,” Mr Percy added.

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