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.