Effective 7 March 2025 we will decrease new and existing variable home loan interest rates by 0.25% p.a. following the Reserve Bank of Australia’s decision on 18 February 2025 to reduce the cash rate.
An updated rate board will be provided shortly including further information to help customers prepare for this change. Check out rates in the Research tab in Mercury.
As Adelaide Bank work through transitioning CHL Select to the new Bendigo Bank platform, we have some changes that will take effect from the 3 March 2025 until the work is completed which is estimated 1 July 2025. In essence, we cannot have certain types of applications that can linger through the formal approval and funding stages between one platform and the other and the decision has been made to withdraw these temporarily until further notice.
Commencing 3 March 2025 we will be withdrawing applications/assessment of the following loan types:
When the transformation is complete these type of applications will be reviewed for future inclusion with the addition of product and customer enhancements to loan access.
If you have any questions, please contact Select Assist on 1300 738 336 or email Connective Operations.
