Bendigo Bank announces interest rate reduction

For Bendigo Bank home loan customers on a variable rate loan, the interest rate will decrease by 0.25% p.a. as of 7 March 2025.

“We know many of our lending customers welcomed the RBA’s recent decision to cut interest rates for the first time since November 2020,” said Chief Customer Officer for Consumer Banking, Taso Corolis.

“We’re pleased to pass on the full benefit of this cut to homeowners,” he said.

Bendigo Bank customers interested in better understanding how these changes will affect them can complete Bendigo Bank’s free online Home Loan Health Check and can access a range of Calculators and Tools, including a family budget tool.

Borrowers who are experiencing financial difficulty or are concerned that they may be at risk of financial difficulty, are encouraged to speak with their local branch manager, contact the Mortgage Help Centre on 1300 652 146 or visit www.bendigobank.com.au/support.