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AWA passes on the full 0.25% principal & interest mortgage loan rate reduction

AWA is pleased to announce we will be reducing Mortgage Loan Rates effective 1 July 2019. We have passed on the full official rate reduction of 0.25% on Principal & Interest Mortgage Loans.

Our new Principal & Interest Mortgage Loan Owner Occupied rate will be 3.74% with a Comparison Rate of 3.74%. The Comparison Rate for all AWA loans is equivalent to the advertised rate, that’s because we have no mortgage loan establishment or on-going fees.

Standard Variable Principal & Interest Mortgage Loan

 New RateComparison Rate
Owner Occupied 3.74% 3.74%
Investment 3.91% 3.91%

Interest Only Mortgage Loans

 New RateComparison Rate
Owner Occupied 4.99% 4.99%
Investment 4.42% 4.42%

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Bendigo and Adelaide Bank

AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide.

AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.