Virgin Money has announced changes for two of its principal and interest loan products, effective from 27 November.
This will increase the rates of the lender's special offer 3 year fixed rate loans for owner occupiers and special offer 2 year fixed rate loans for investors.
The changes below apply to new applications with LVR 90% or under received in ApplyOnline from 27 November for loans of $300,000 or more.
| Loan product |
Current rate (p.a.) |
New rate (p.a.) |
Change |
Effective date |
| Special offer 3 year fixed rate (P&I, owner occupier) |
3.79% |
3.87% |
+0.08% |
27 Nov |
| Special offer 2 year fixed rate (P&I, investor) |
3.85% |
3.95% |
+0.10% |
27 Nov |
These changes will not affect loans in the pipeline if they were applied prior to 27 November. All these should have all supporting documentation within 24 hours of prior application to be eligible for these prior rates.
