Adelaide Bank

Coming from an amalgamation of various entities in the mid-1990s, Adelaide Bank presents any prospective homeowner with a polished and comprehensive presence online.

20 years of history

Although a recent amalgamation, Adelaide Bank has made only the smartest moves in its 20-odd years of history and has a reputation as a bold financial partner and tight ship.

To be fair, they have origins far older than merely restructuring in 1994, as the various players who combined to form the bank have been around for many, many decades.

Pick & choose or take the lot

Offering a full range of banking products, Adelaide Bank’s home loan clients have the advantage of their building society roots and also the benefits of selecting arrangements within the highly nuanced web of interconnectivity that constitutes the bank’s presence in the 21^st century.

Australians would be hard-pressed to find a more detailed and potentially cost-effective solution to buying a home than those on offer at Adelaide Bank.

Enjoy a personalised rate

Existing clients with a history at the bank may enjoy slight leverage on repayment rates and terms. In addition, this lender offers a range of banking and lending services like personal loans, credit cards and transactional and savings accounts. Their web presence may be detailed, but it is nonetheless elegant and easy to navigate when one is looking for the gist of a potential home loan.

Adelaide Bank recognises its clients and they can log in and continue with their online access, as opposed to a new client.

That said, the base offer remains the same and the online loan application process too when one is looking for a home loan.

Approachable financial support

Adelaide Bank’s building society ethos lingers and they are eminently geared towards home loans. Typically, a repayment period spans 20 years although 30 years is also on offer.

Consumers need to look at their own situations and the associated costs in order to determine what best suits them as a loan period. Packages come with 100% offset and the loan amount is uncapped, determined by the applicant’s demonstrable ability to repay.

Their smart saver loan option

The Smartsaver option is a no-frills loan that carries no monthly fees. Options are available whereby clients can access savings accrued to the home loan and no penalties accrue to lump sum injections into the mortgage.

Fixed & variable rate home loans

Fixed-rate loans and variable rates are available and the bank supplies a detailed and comprehensive fact sheet online to enable clients to cost out their dreams well before applying.

Offering a current rate of 4.39% against a comparison rate of 4.40%, monthly repayments and all associated expenses are accounted for by using their spreadsheet.