Virgin Money cuts variable home loan rates

Virgin Money today announced it is cutting its variable home loan interest rates.

  • Virgin Money’s variable interest rate for Owner Occupiers and Investors making Interest Only repayments will be reduced by 0.20 per cent, per annum.
  • The variable interest rate for Owner Occupiers and Investors making Principal and Interest repayments will be reduced by 0.15 per cent, per annum.

These changes will take effect Friday, 25 October 2019.

Virgin Money CEO, Greg Boyle said: “We’ve carefully considered the needs of our customers when making this decision.”

“We are committed to ensuring Virgin Money’s Reward Me Home Loans continue to offer customers great value and provide them with the opportunity to earn Velocity Frequent Flyer Points upfront, every month and on anniversaries.”