Virgin Money has decreased the principal and interest investment rates on a number of its loan products for new applications.
The following changes will apply on Virgin Money variable interest rate for loans with an LVR less than or equal to 80%:
- A rate of 4.09% for loans between $75,000 and $499,999 (decrease of 10 basis points)
- A rate of 4.09% for loans between $500,000 and $749,999 (decrease of five basis points)
- A rate of 3.99% for loans $750,000 and above (decrease of 10 basis points)
These rate cuts will come into effect on 25 September.
