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Virgin Money

Reward Me Fixed Rate Home Loan

Interest rate

3.29

% p.a

Fixed - 5 years

Comparison Rate*

3.03

% p.a

Maximum LVR
80%
Real Time Rating™

1.72

/ 5
Monthly Repayment

$1,713

based on $350,000 loan amount for 25 years at 3.29%

Interest rate

3.29

% p.a

Fixed - 5 years

Comparison Rate*

3.03

% p.a

Maximum LVR
80%
Real Time Rating™

1.72

/ 5
Monthly Repayment

$1,713

based on $350,000 loan amount for 25 years at 3.29%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,713

based on $350,000 loan amount for 25 years at 3.29%

Virgin Money home loans are available through brokers who can help find the right loan and manage your application at no charge.

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NSW2150

CRN: 499239

Quick home loan review

For Reward Me Home Loan Fixed 5 Years ($300k+) (Principal & Interest) (New Customer)

These are the benefits of this home loan.

  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Reward Me Home Loan Fixed 5 Years ($300k+) (Principal & Interest) (New Customer)

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 5 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

450

Application fee

300

Valuation fee

$0

Settlement fee

150

Other upfront fee

0

Ongoing fee

$10 monthly

Discharge fee

350

Application method

Online

Phone

In branch

Specials
  • Cashback $3000 cashback when you refinance.
    For all new refinance applications received between 01 December 2021 and 31 Jan 2022 (inclusive), and have their loan settled by 29 April 2022. Minimum loan amount $300,000 and up to 80% loan-to-value ratio. You will need to open a Reward Me Home Loan Companion account alongside your loan, where the $3,000 cashback payment will be credited within 60 days of settlement.
  • Cashback $3000 cashback when you refinance.
    For all new refinance applications received between 01 December 2021 and 31 Jan 2022 (inclusive), and have their loan settled by 29 April 2022. Minimum loan amount $300,000 and up to 80% loan-to-value ratio. You will need to open a Reward Me Home Loan Companion account alongside your loan, where the $3,000 cashback payment will be credited within 60 days of settlement.

Target Market Determination

Visit Virgin Money to view Target Market Determination.

Other Benefits

Velocity Points on settlement, monthly, every 3 years

Other Restrictions

PAYG only, new loans of $300,000 or more

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $300k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Virgin Money allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Virgin Money allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $450 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Virgin Money makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Virgin Money loan is available through a broker. Find a broker to help you with your needs.