Lender trims fixed rate

by AB10 Jul 2014
A non-major has trimmed its fixed rates.

Adelaide Bank has announced a cut to its three-year SmartFix home loan product, bringing the product's rate to 4.89%. The product also carries a 100% offset account. Adelaide Bank general manager Damian Percy touted the loan's features.

"Not only does the rate provide a great opportunity for borrowers to lock in a fabulous rate for the next few years, but they receive the benefit of our fully transactional 100% Offset, free 90 day rate lock, the automated budgeting tool integrated into our new On Line Banking service, and free and unlimited use of over 2000 Bendigo Bank and Suncorp ATMs," Percy said.

Percy also pointed to the bank's service to brokers.

“In addition, we throw in super quick turnaround times as standard, provided by our broker-exclusive Processing and Call Centre teams domiciled right here in Adelaide," he said.