Bendigo Raises Mortgage Rates
BENDIGO Bank has raised its variable home loan interest rate by 10 basis points, citing increased funding costs.
The new rate on Bendigo’s variable home and business loans will take effect on May 6.
Bendigo Bank spokesman Owen Davies said the increase was regrettable, but the bank had to sought to soften the impact of funding increases on customers.
Bendigo Bank lifts variable loan by 0.1%
Bendigo Bank Ltd has raised its variable home loan interest rate by 10 basis points, citing increased funding costs.
Bendigo raises rates to high of 9.65%
THE financial pressures on heavily indebted home-owners continue to build after one of the leading regional banks yesterday lifted its mortgage interest rate to a high of 9.65 per cent - well ahead of the domestic banking pack.
Sydney Morning Herald Business
Lending Money Below the Inflation Rate
Lending money below the inflation rate…giving out money you don’t have, when you are already so deep in debt you will never get out – how could any of this be good for the real economy? But by this time we are so far into Never-Never Land that we will never find our way back.
