Virgin Money responds to November RBA decision

Virgin Money has today announced interest rate changes for variable home loan customers, following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25%. 

For home loan customers

From 10 November, Virgin Money will lift variable home loan interest rates by 0.25% per annum (p.a.) for new and existing customers. 

Responding to savings customers

Virgin Money understands the ongoing challenges this environment has presented to household budgets.

To help customers build up their savings, we have continued to reward them with competitive rates.

For further assistance or support customers should reach out to our Virgin Money team on 13 81 51. 

Support available for customers

For any customers worried about their financial situation, we encourage them to contact us as soon as possible.

We’re here to help and are ready to talk through options that are right for you.

We have been proactively contacting borrowers with fixed rate home loans finishing up in the next 12 months to ensure they are prepared for this change.

Virgin Money also has a range of online resources available including a mortgage repayment calculator. 

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Legal notes:  

Interest rates expected from 10 November are subject to change. Terms, conditions, fees and charges apply. This is general information only and you should consider if these products are appropriate for you.