The Bendigo Bank has again slashed interest rates on business and home loans in the face of the coronavirus economic crisis.
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That includes cutting business loan variable reference rates by 100 basis points for residentially secured business loans and 75 basis points for non-residential and unsecured business loans.
Small business fixed rates are also dropping by up to 82 basis points depending on the term and security of the loan.
It follows cuts to a number of business loans and overdrafts earlier this month and the federal government's decision to guarantee loans for small and medium enterprises earlier this week.
The government's move was welcomed by banks including Westpac, ANZ and the NAB.
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