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Rural Bank announces interest rate changes

10 November 2023 |Interest rate announcement

Friday 10 November 2023: Rural Bank has today announced changes to the pricing of its variable lending rates for secured term loans following the RBA’s decision to lift the cash rate by 0.25% p.a. on Tuesday.

For Rural Bank customers on a Variable Rate Loan the interest rate will increase by 0.25% p.a. as of Friday 24 November.

Chief Customer Officer Business and Agribusiness, Adam Rowse, said:

“Rural Bank continues to carefully consider the impact of rate changes on borrowers and depositors. We will continue to support our customers as and when they need us.”

Borrowers who are experiencing difficulty are encouraged to get in touch with the bank to discuss their options and how we can help. If you would like to apply for assistance, please contact your relevant Agribusiness Relationship Manager  or Rural Bank Customer Service Team on 1800 652 146.

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

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Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

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