Virgin Money increases interest rates

by AB04 Apr 2017
Effective Wednesday 5 April 2017, Virgin Money will be making the following interest rate changes to the Reward Me Home Loan:
  • Increase in the 3 year fixed rate for investors
  • Increase in the variable rates for owner occupiers with LVRs over 90% – new applications only
Investment fixed rates
 
Reward Me Home Loan Current interest rate (pa) Change New interest rate (pa) Effective date
3 year fixed 3.99% +0.15% 4.14% 5 April 2017

Owner occupied variable rates
 
Reward Me Home Loan Current interest rate (pa) Change New interest rate (pa) Effective date
Virgin Money variable rate 4.64% No change 4.64% N/A
Borrowings $75,000 to $499,999
LVR less than or equal to 80% 3.89% No change 3.89% N/A
LVR 80.01% to 90% 4.09% No change 4.09% N/A
LVR over 90% 4.34% +0.15% 4.49% 5 April 2017
Borrowings $500,000 to $749,999
LVR less than or equal to 80% 3.84% No change 3.84% N/A
LVR 80.01% to 90% 4.04% No change 4.04% N/A
LVR over 90% 4.29% +0.15% 4.44% 5 April 2017
Borrowings $750,000 and above
LVR less than or equal to 80% 3.79% No change 3.79% N/A
LVR 80.01% to 90% 3.99% No change 3.99% N/A
LVR over 90% 4.24% +0.15% 4.39% 5 April 2017

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