Rural Bank is pleased to announce a decrease of 0.20% to secured variable term lending and overdraft products, effective 5 July 2019.
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.
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