Virgin Money Virgin 3 or 5 Year Fixed Low Doc
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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 -
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
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 8.24%
Minimum loan term -
Maximum loan term 30 years
Min loan amount $100,000
Max loan amount $2,000,000
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
- Low Doc
- No monthly fees
- Redraw facility
Cons
- No progressive drawdown
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