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- Virgin Money Standard Variable Rate
Virgin Money Standard Variable Rate
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
8.37%
Comparison rate* p.a.
8.51%
Virgin Money Standard Variable Rate
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
8.37%
Comparison rate* p.a.
8.51%
Virgin Money Variable Rate Home Loan overview
For Variable Rate Home Loan (Principal and Interest)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
90%
Total repayments
Interest rate type
Variable
Borrowing range
$5k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Virgin Money (Australia) Pty Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$450
Application fee
$300
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$350
Pros and Cons
For Virgin Money Standard Variable Rate
Benefits
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
