Virgin Money will be increasing the variable rates for owner occupiers and investors taking out new interest only applications for the Reward Me Home Loan. This changes will come into effect on 16 June.
Owner occupied – Interest only
| |
Current rate |
Change |
New rate |
| Virgin Money Variable Rate |
4.64% p.a. |
None |
4.64% p.a. |
| Borrowings $75,000 to $499,999 |
| LVR less than or equal to 70% |
3.89% p.a. |
+0.25% |
4.14% p.a. |
| LVR 70.01% and above |
N/A |
None |
N/A |
| Borrowings $500,000 to %749,999 |
| LVR less than or equal to 70% |
3.84% p.a. |
+0.25% |
4.09% p.a. |
| LVR 70.01% and above |
N/A |
None |
N/A |
| Borrowings $750,000 and above |
| LVR less than or equal to 70% |
3.79% p.a. |
+0.25% |
4.04% p.a. |
| LVR 70.01% and above |
N/A |
None |
N/A |
Investment – Interest only
| |
Current rate |
Change |
New rate |
| Virgin Money Variable Investment Rate |
4.94% p.a. |
None |
4.94% p.a. |
| Borrowings $75,000 to $499,999 |
| LVR less than or equal to 80% |
4.19% p.a. |
+0.25% |
4.44% p.a. |
| LVR 80.01% and above |
N/A |
None |
N/A |
| Borrowings $500,000 to %749,999 |
| LVR less than or equal to 80% |
4.14% p.a. |
+0.25% |
4.39% p.a. |
| LVR 80.01% and above |
N/A |
None |
N/A |
| Borrowings $750,000 and above |
| LVR less than or equal to 80% |
4.09% p.a. |
+0.25% |
4.34% p.a. |
