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 |
