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Interest Rate Change

Interest Rate Change

Categories: Interest Rate Announcement

Rural Bank is pleased to announce a decrease to variable secured lending and overdraft interest rates effective 12 August 2019 as follows:

  • 0.20% decrease on secured term loans; and
  • 0.15% decrease on secured overdrafts

Rural Bank Chief Financial Officer, Will Rayner, said “the Bank considers a range of factors when making pricing decisions including balancing the needs of both lending and deposit customers against the need of maintaining a financially sound and sustainable business.”

Rural Bank lending customers will receive a letter notifying them of their new interest rate and repayment details.

For further information, please contact our Customer Service Team on 1300 660 115 or your local Agribusiness Relationship Manager.

Source: Rural Bank


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879