Virgin Money Standard Variable

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

Moneybuddy says

The Virgin Standard Variable home loan has a low interest rate with features such as repayment holiday, redraws, interest only payments and a rewards program. No monthly administration fees are charged, and a lower initial upfront fee applies. You can attach an offset account to the loan saving you interest and reducing the loan term.

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 7.53%

Minimum loan term -

Maximum loan term 30 years

Min loan amount -

Max loan amount $1,000,000

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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