Virgin Money Low Doc Variable

Virgin Money
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Headline interest rate
-
Max LVR
-
Annual fee
-

Moneybuddy says

The Virgin Low Doc Variable can help self employed and persons with poorer credit history obtain a loan. You don't have to provide all the usual documentation as long as you can pay the loan off. There are no monthly fees with this account and you can also enjoy a repayment holiday. Attach an offset account to save interest and split the loan for more savings.

The Basics

Interest type -

Headline interest rate -

Max LVR -

Annual fee -

The cool stuff: features

Draw down loan progressively No

Insurance details -

Loan is Transferable Yes

Line of credit available No

Product suits Owner - Occupier

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year -

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

Interest rate 7 years -

Interest rate 10 years -

Interest rate 15 years -

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate 8.19%

Minimum loan term -

Maximum loan term -

Min loan amount -

Max loan amount -

Early repayments No

Redraw facility Yes

Repayment holiday Yes

Ability to split loan Yes

Extra repayments Yes

Offset account available Yes

Interest only payments Yes

The ugly stuff: fees

Application fee $0

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee $310

Redraw fee $0

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Pros

  • Rewards program
  • Repayment holiday
  • No monthly fees
  • Interest only repayments

Cons

  • No progressive drawdown

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