Virgin Money Virgin 3 or 5 Year Fixed Low Doc

Virgin Money
Headline interest rate p.a.
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Max LVR
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Annual fee
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Moneybuddy says

The Virgin Fixed Rate Low Doc is the loan which helps self employed people more often than not, if you don't have the kind of paperwork the banks normally demand. The interest rate is higher initially, but drops over time to meet the standard variable. Enjoy a repayment holiday and no ongoing monthly fees. A rewards program and split the loan for the best of both worlds, and take your loan with you when you buy another property.

The Basics

Interest type -

Headline interest rate p.a. -

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 -

The Facts & Figures

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Minimum loan term -

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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 -

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Subsequent valuation fee -

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* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.

Pros

  • Rewards program
  • Low Doc
  • No monthly fees
  • Redraw facility

Cons

  • No progressive drawdown
 

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