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Standard Variable by Virgin Money
Standard Variable
Institution : Virgin MoneyTheir Blurb
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Our View
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.
Pros
- Rewards program
- Repayment holiday
- No monthly fees
- Interest only repayments
Cons
- No progressive drawdown
Other Virgin Money Products
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Virgin Money Product Types
| The Facts & Figures | |
|---|---|
| Special offers | Mates Rates rewards program |
| Min Loan Amount | - |
| Repayment Holiday | Yes |
| Introductory Term | - |
| Max Loan Amount | $ 1000000.00 |
| Ability to Split Loan | Yes |
| Max LVR | - |
| Loan Type | Standard variable rate loan |
| Extra Repayments | Yes |
| Minimum Loan Term | - |
| Early repayments | No |
| Offset Account Available | Yes |
| Maximum Loan Term | 30.00 years |
| Redraw Facility | Yes |
| The cool stuff: features | |
| Settlemet Fee | 310.00 |
| Redraw fee | 0.00 |
| Application Fee | $ 0.00 |
| Interest only Payments | Yes |
| Administration Fee (monthly) | $ 0.00 |
| Draw Down Loan Progressively | No |
| Valuation Fee | - |
| Loan is Transferable | Yes |
| Legal Fee | - |
| Line of Credit Available | No |
| Required Insurance | - |
