Adelaide Bank has decreased its SmartSuite home loan rates by 22 basis points for new customers taking out home loans through a mortgage broker.

The variable rate for the SmartSuite option SmartSaver is now 4.99% (comparison rate 5.03%).

There were also falls by 0.22% to SmartSuite’s other options, including:

  • SmartFit Variable: now 5.09% (comparison rate 5.24%)
  • SmartDoc Variable: now 6.19% (comparison rate 6.34%)
  • SmartDoc Plus: now 6.44% (comparison rate 6.59%)

The changes are effective Tuesday, 3 September.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan