Virgin Money to launch Personal Loans in Australia

In typical Virgin 'language lingo' an eDM has been sent to 'pre-registered' parties notifying that Virgin Money Australia will soon launch a Personal Loan product.

No details on rates, terms, fees and all the product specifics as yet, however for those who like the Virgin brand, this one could be for you!

What does seem of interest is that Virgin Money have progressed a consumer lending product ahead of deposits... Maybe 'head in sand', but apparently there is a liquidity and credit issue at the moment - Why lend more when banks like Macquarie (who power Virgin Home Loans) have stopped?...

Here is the copy from the eDM:

We promised you'd be the first to know about our brand new Virgin Money Personal Loans. Well guess what? You are.

We've been working hard to bring you the very best range of personal loans that are easy to apply for (from application to getting the dosh, it's all online) and easy to live with (flexibility, no hidden charges, no early repayment fees).

So how do we know how to get it right here at Virgin Money? We worked out exactly what the banks were doing wrong! Look at our little friends at the top of this page to see what people have to put up with when they apply for a personal loan with the big banks and you'll understand what we mean. You may have experienced some of this agony yourself at some time.

In a few weeks we'll be ready to roll out the red carpet and send you an invitation to apply for a Virgin Money Personal Loan. And our promise is this: It won't hurt a bit. In fact, we'll make it so easy it's sure to put a smile on your face.

Until then, may your world be as pain-free as possible.

Lots of love