Virgin Money Reward Me Fixed Rate Home Loan

Get a competitive fixed rate from one to five years, and be rewarded with Virgin Velocity points with the Virgin Money Reward Me Fixed Rate Home Loan

The Virgin Money Reward Me Fixed Rate Home Loan gives borrowers the peace of mind of stable repayments, with fixed rates available from one to five years. It also offers borrowers the opportunity to lock in a competitive fixed rate for up to 100 days from the date of their application.

Velocity Frequent Flyer Points Offer

Virgin Money has doubled its Velocity Points offer for first home buyers taking out a Virgin Reward Me Fixed Rate Home Loan - 2 Years LVR up to 90% (Owner Occupier, P&I) First Home Buyer Special.

Eligible borrowers receive 20,000 Velocity Points for every $100,000, plus 1,000 per month for each loan split and 30,000 anniversary points every three years. Borrowing $500,000 means you could earn 112,000 points in the first year.

To qualify you'll need to be eligible for first home owner grants or concessions and apply between 4 March 2019 and 31 May 2019, with settlement by 30 August 2019. Other conditions may apply.

Interest Rate Max Insured LVR Max LVR
1 Year LVR < 90 (Owner Occupier, P&I)
3.99% p.a.
Comparison Rate
3.58% p.a.
90% 80%
1 Year LVR > 90 (Owner Occupier, P&I)
4.19% p.a.
Comparison Rate
4.73% p.a.
95% 80%
1 Year (Investor, P&I)
3.99% p.a.
Comparison Rate
3.86% p.a.
90% 80%
1 Year LVR < 90% (Investor, IO)
3.99% p.a.
Comparison Rate
3.81% p.a.
90% 80%
1 Year LVR < 70 (Owner Occupier, IO)
4.39% p.a.
Comparison Rate
3.94% p.a.
70% 70%
2 Year (Investor, P&I)
3.7% p.a.
Comparison Rate
3.83% p.a.
90% 80%
2 Year $300k+ Special offer (Investor, IO)
3.59% p.a.
Comparison Rate
3.77% p.a.
90% 80%
2 Year $300k+ Special offer (Investor, P&I)
3.39% p.a.
Comparison Rate
3.78% p.a.
90% 80%
2 Year $300k+ Special offer (Owner Occupier, IO)
3.94% p.a.
Comparison Rate
3.91% p.a.
80% 80%
2 Year LVR < 70 (Owner Occupier, IO)
4.19% p.a.
Comparison Rate
3.96% p.a.
70% 70%
2 Year LVR < 90 (Owner Occupier, P&I)
3.54% p.a.
Comparison Rate
3.55% p.a.
90% 80%
2 Year LVR < 90% (Investor, IO)
3.94% p.a.
Comparison Rate
3.83% p.a.
90% 80%
2 Year LVR > 90 (Owner Occupier, P&I)
3.94% p.a.
Comparison Rate
4.64% p.a.
95% 80%
2 Year $300k+ Special offer (Owner Occupier, P&I)
2.99% p.a.
Comparison Rate
3.45% p.a.
90% 80%
3 Year LVR < 70 (Owner Occupier, IO)
4.39% p.a.
Comparison Rate
4.05% p.a.
70% 70%
3 Year LVR > 90 (Owner Occupier, P&I)
4.19% p.a.
Comparison Rate
4.65% p.a.
95% 80%
3 Year LVR < 90% (Investor, IO)
4.09% p.a.
Comparison Rate
3.90% p.a.
90% 80%
3 Year LVR < 90 (Owner Occupier, P&I)
3.79% p.a.
Comparison Rate
3.63% p.a.
90% 80%
3 Year $300k+ Special offer (Owner Occupier, IO)
3.89% p.a.
Comparison Rate
3.92% p.a.
80% 80%
3 Year $300k+ Special offer (Owner Occupier, P&I)
2.99% p.a.
Comparison Rate
3.42% p.a.
90% 80%
3 Year $300k+ Special offer (Investor, P&I)
3.39% p.a.
Comparison Rate
3.75% p.a.
90% 80%
3 Year $300k+ Special offer (Investor, IO)
3.59% p.a.
Comparison Rate
3.77% p.a.
90% 80%
3 Year (Investor, P&I)
3.84% p.a.
Comparison Rate
3.87% p.a.
90% 80%
4 Year (Investor, P&I)
4.09% p.a.
Comparison Rate
3.96% p.a.
90% 80%
4 Year LVR < 70 (Owner Occupier, IO)
4.39% p.a.
Comparison Rate
4.10% p.a.
70% 70%
4 Year LVR < 90 (Owner Occupier, P&I)
3.99% p.a.
Comparison Rate
3.72% p.a.
90% 80%
4 Year LVR < 90% (Investor, IO)
4.19% p.a.
Comparison Rate
3.96% p.a.
90% 80%
4 Year LVR > 90 (Owner Occupier, P&I)
4.19% p.a.
Comparison Rate
4.62% p.a.
95% 80%
5 Year (Investor, P&I)
3.59% p.a.
Comparison Rate
3.79% p.a.
90% 80%
5 Year $300k+ Special offer (Owner Occupier, P&I)
3.39% p.a.
Comparison Rate
3.53% p.a.
90% 80%
5 Year LVR < 70 (Owner Occupier, IO)
4.49% p.a.
Comparison Rate
4.19% p.a.
70% 70%
5 Year LVR < 90 (Owner Occupier, P&I)
3.79% p.a.
Comparison Rate
3.69% p.a.
90% 80%
5 Year LVR < 90% (Investor, IO)
3.79% p.a.
Comparison Rate
3.84% p.a.
90% 80%
5 Year LVR > 90 (Owner Occupier, P&I)
3.99% p.a.
Comparison Rate
4.51% p.a.
95% 80%
Product NameVirgin Reward Me Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Ongoing Fees$10 monthly ($120 p.a.)
Settlement Fee$150
Discharge Fee$320

Pros

  • Earn Velocity Points
  • Lock in an interest rate and know your repayments won't change
  • No application fees
  • Offset account available

Cons

  • Monthly fee of $10
  • Settlement fee of $150

Things to consider about the Virgin Money Reward Me Fixed Rate Home Loan

The Virgin Money Reward Me Fixed Rate Home Loan is available to both owner-occupiers and investors, and offers one, two, three, four and five year fixed rate terms. At the end of the fixed rate period, the loan reverts to the current variable rate, minus a discount based on the overall amount borrowed and the loan-to-value ratio (LVR) at the time of approval.

The loan also rewards borrowers with Virgin Velocity points at settlement, monthly and every three years.

Features of the Virgin Money Reward Me Fixed Rate Home Loan

  • Additional repayments. The Virgin Money Reward Me Fixed Rate Home Loan allows borrowers to make up to $10,000 in extra repayments per year.
  • Offset account. The Virgin Money Reward Me Fixed Rate Home Loan comes with a Home Loan Companion Account that can be used as an offset account on the product’s one year fixed rate, and when the product reverts to a variable rate.
  • Rate lock. The Virgin Money Reward Me Fixed Rate Home Loan offers the option to lock in a rate at the time of application for up to 100 days.
  • Velocity points. The Virgin Money Reward Me Fixed Rate Home Loan rewards borrowers with Virgin Velocity Points on settlement, monthly and every three years.
  • No application fees. The Virgin Money Reward Me Fixed Rate Home Loan carries no application fees.
  • Split facility. The Virgin Money Reward Me Fixed Rate Home Loan enables borrowers to split their home loan into variable and fixed rate portions.

Fees

  • Settlement fee: $150. This fee is payable at settlement of the loan.
  • Monthly fee: $10. This monthly administrative fee is charged on each loan account on every repayment.
  • Rate lock fee: 0.15% of the fixed loan amount. This fee is payable if you elect to lock the interest rate on a fixed rate loan.

How to apply for the Virgin Money Reward Me Fixed Rate Home Loan

The Virgin Money Reward Me Fixed Rate Home Loan is only available through mortgage brokers. Contact your broker to apply. You’ll want to have your documents in order to make the application process smoother, so make sure you have:

  • Personal details. Your name, contact details and proof of ID will all be required.
  • Loan purpose. You’ll need to specify the amount you wish to borrow and how you will use the money.
  • Details of your income and assets. You will need to supply details about your employment, your earning capacity and any assets you own.
  • Details of your expenses. If you have outstanding debt, for example credit card debt or money you owe on a car loan, the lender will assess these factors when determining your repayment capability.
  • Property details. Virgin Money will also require information about the property you plan to buy.

The Virgin Money Reward Me Fixed Rate Home Loan offers a competitive fixed rate from one to five years, and rewards its customers with Virgin Velocity points. Compare it with other loans on finder.com.au to find out whether it’s the right option for you.

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Virgin Reward Me Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $10

  • Max LVR

    80%

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