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Bankwest cuts fixed rate

by Staff Reporter8 minute read
The Adviser

Jessica Darnbrough

Highlighting its commitment to commercial brokers, Bankwest will cut the rate on its fixed interest commercial loan.

Effective this week, the second tier lender will launch two special fixed interest commercial loan rates – 7.79 per cent for three years and 8.49 per cent for five years.

Once the fixed rate term expires, Bankwest’s standard pricing will apply.

Speaking about the product changes, Bankwest head of broker sales Aaron Milburn said the bank was hoping the limited rate offering would generate interest from brokers for their clients.

“A key focus for Bankwest is developing a robust relationship with brokers. In order for this to happen, it needs to be based on a collaborative approach. This approach includes involving them in our product development phase, and these revised rates are a clear example of us responding to the needs of commercial brokers,” he said.

According to Mr Milburn, the bank’s fixed interest loan special will be supported with a comprehensive marketing campaign over coming weeks.

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