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.