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Virgin Money home loans

Virgin Money has home loans for owner-occupiers and investors, with rates starting from 6.44%.

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Virgin Money is an online Australian lender owned by Bank of Queensland. Virgin Money has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of Virgin Money products below or read more about the lender and its loans.

Compare Virgin Money home loans for July 2024

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Virgin Money logo
Principal & Interest40% min. depositOwner-occupierOffset accountup to $500k
Virgin Money logo
Principal & Interest40% min. depositOwner-occupierOffset accountup to $500k
Product NameVirgin Money Reward Me Variable Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.44%
Comp. Rate p.a.6.58%
Minimum Loan Amount$0
Maximum Loan Amount $500,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.44%
Comparison Rate
6.58%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$944
Virgin Money logo
Principal & Interest40% min. depositOwner-occupierOffset account$500k to $750k
Virgin Money logo
Principal & Interest40% min. depositOwner-occupierOffset account$500k to $750k
Product NameVirgin Money Reward Me Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.44%
Comp. Rate p.a.6.58%
Minimum Loan Amount$500,000
Maximum Loan Amount $750,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.44%
Comparison Rate
6.58%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$944
Virgin Money logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierMIn $300k
Virgin Money logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierMIn $300k
Product NameVirgin Money Reward Me Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.74%
Comp. Rate p.a.6.64%
Minimum Loan Amount$300,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.74%
Comparison Rate
6.64%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$973
Virgin Money logo
Principal & Interest 3Y Fixed20% min. depositOwner-occupierMIn $300k
Virgin Money logo
Principal & Interest 3Y Fixed20% min. depositOwner-occupierMIn $300k
Product NameVirgin Money Reward Me Fixed Rate Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.54%
Comp. Rate p.a.6.61%
Minimum Loan Amount$300,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.54%
Comparison Rate
6.61%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$953
Virgin Money logo
Principal & Interest 3Y Fixed20% min. depositInvestmentMIn $300k
Virgin Money logo
Principal & Interest 3Y Fixed20% min. depositInvestmentMIn $300k
Product NameVirgin Money Reward Me Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.69%
Comp. Rate p.a.6.76%
Minimum Loan Amount$300,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.69%
Comparison Rate
6.76%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$968
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Virgin Money key facts

  • Virgin Money often has perks or rewards for its customers.
  • Virgin Money is owned by Bank of Queensland but is also part of the global Virgin network.
  • You need at least a 20% deposit for most Virgin Money home loans, so borrowers with small deposits may not qualify. Some rates require higher deposits.
  • In addition to home loans, Virgin Money also offers credit cards, bank accounts, insurance and superannuation.

Review by our senior home loans writer Richard Whitten

Virgin Money home loan features

Here are the key features and details you need to know about Virgin Money's mortgage products.

FeatureDetails
Minimum depositVirgin Money loans have 80% maximum LVRs. This means you can borrow up to 80% with a Virgin Money mortgage.
Offset accountVirgin Money Reward Me Variable loans come with offset accounts.
Repayment optionsBoth Virgin Money's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost Virgin Money mortgages allow you to split your loan into fixed and variable portions.

How do I apply for a Virgin Money mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Virgin Money product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Virgin Money you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

πŸ“„ Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

πŸ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

πŸ“„ Proof of income documents. Recent payslips can establish your income.

πŸ“„ Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like Virgin Money

If you want to compare loans from similar lenders to Virgin Money then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012. It's also owned by BOQ.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

More home loan questions

How do I apply for a mortgage from ?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

πŸ“„ Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

πŸ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

πŸ“„ Proof of income documents. Recent payslips can establish your income.

πŸ“„ Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.
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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 526 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips

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2 Responses

    Default Gravatar
    KylieFebruary 24, 2019

    I am wanting to talk to someone about changing over who my current home loan is with

      AvatarFinder
      JohnFebruary 25, 2019Finder

      Hi Kylie,

      Thank you for reaching out to Finder.

      Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular account, you may then click on the “Enquire now” button and you will be redirected to the account’s review page where you can proceed on checking the details of the service before choosing one. You may need to go directly to the provider’s page to reach out to a representative to assist you further in your questions.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!

      Cheers,
      Reggie

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