Adelaide Bank junks upfront home loan fees

Yet another reason why busy brokers should consider the bank, GM says

Adelaide Bank junks upfront home loan fees

Adelaide Bank has scrapped upfront home loan fees for new customers, giving brokers another reason to recommend the bank’s products to their clients.

The change means borrowers can now enjoy up to $498 in savings. The fee waiver is available indefinitely to eligible borrowers.

Darren Kasehagen (pictured above), Adelaide Bank’s general manager of third-party banking, said the initiative would hopefully alleviate some of the pressures Australians faced amid the rising cost of living.

“Adelaide Bank is known among brokers for our quality products, competitive pricing, and attractive service levels,” Kasehagen said. “By waiving application and settlement fees, we are giving brokers yet another reason to consider recommending our products.”

Natalie Sheehan, Adelaide Bank’s head of broker, said the fee waiver would apply to owner-occupied and principal-and-interest loans including both fixed and variable rate loan options, all LVR tiers, and “new to bank” customers.

“This offer builds on our compelling proposition for brokers and we’ve seen a great take up of this offer already – so to help more of our customers, Adelaide Bank have decided to implement these savings indefinitely,” Sheehan said.

Conditions of the waiver are subject to change. For questions about the offer, contact Adelaide Bank Partner Assist on 1300 791 679.

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