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ISCOVER
Staff Reporter
The Bank of Melbourne has thrown down the gauntlet to the major lenders, vowing to beat the big four on any advertised home loan rate.
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From today, borrowers will receive a better interest rate if they visit a Bank of Melbourne branch and show, for an equivalent loan, any advertised home loan rate of ANZ, Commonwealth Bank, NAB or Westpac.
Bank of Melbourne chief executive Scott Tanner said the simple guarantee takes the hassle out of searching for the best rate.
“We are delivering more service and convenience through an expanded modern branch network, extended opening hours in specific locations, more capable bankers for small businesses and personal customers, our award-winning local contact centre and leading edge online and mobile solutions,” Mr Tanner said.
“We want Victorians to come and experience our friendly and helpful service and see first hand our commitment to building a strong and lasting banking relationship.”
Bank of Melbourne’s promise to beat the majors on any advertised home loan interest rate is available until December 21 and is in addition to the current $1,000 homebuyers' rebate being offered until 21 December 2012.
Both loan offers cap an exciting year of growth for Bank of Melbourne.
In the year ended 30 September 2012, Bank of Melbourne acquired 53,000 new customers and expanded its network to 60 branches. It expects the network to have 68 branches by Christmas.
