product logo

Reward Me Home Loan Fixed (Principal and Interest) 5 Years (LVR 90%-95%)

For any query, Call: 1300 001 153
RewardsEarn 100,000-200,000 bonus Velocity Points, when applying for new loan (LVR <90%) before 29th November 2019, where total new borrowings are >$300,000 
Compare

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Suitable for low deposits
  • Repayments will not change during fixed period
Cons:
  • Limited extra repayments
  • No redraw and no offset
  • Discharge fee at end of loan
  • Repayments won't decrease if RBA cuts rates
Advertisement
Advertisement

Fees and Features

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 5 years
Borrowing range
Borrowing range
$5k - $100m
Total repayments
Total repayments
$395,400
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$150.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$150
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$10 monthly
Discharge fee
Discharge fee
$320
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 5 years
Borrowing range
Borrowing range
$5k - $100m
Total repayments
Total repayments
$395,400
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$150.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$150
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$10 monthly
Discharge fee
Discharge fee
$320
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Other Benefits
Velocity Points on settlement, monthly, every 3 years
Other Restrictions
PAYG only
  • Rewards Earn 100,000-200,000 bonus Velocity Points, when applying for new loan (LVR <90%) before 29th November 2019, where total new borrowings are >$300,000
    1. All customers who apply and are approved for an eligible Virgin Money Reward Me Home loan with total new borrowings of $300,000 - $999,999 with LVR of 90% or below will receive 100,000 bonus Velocity Points after settlement. All customers who apply and are approved for an eligible Virgin Money Reward Me Home loan with total new borrowings of $1,000,000 or more with LVR of 90% or below will receive 200,000 bonus Velocity Points after settlement. Applications must be received between 2 September and 29 November 2019 (inclusive) and settle by 28 February 2020. Only one set of bonus Velocity Points will be credited per primary borrower, based on the total amount drawn at settlement across all loans and will be credited to the Primary borrower’s Velocity account only, up to 60 days after settlement. 2. 1,000 Velocity Points allocated for every full $10,000 drawn at settlement. For construction loans, Velocity Points are paid after first drawing. 3. 1,000 Velocity Points per loan account per month. 4. Anniversary Points, currently 30,000 Velocity Points, are paid on every 3 year anniversary of the settlement date provided total borrowings are greater than $50,000 (net of any balances held in a linked offset facility). Points are only paid once regardless of the number of split borrowings a customer has with us and they must be a continuous Reward Me Home Loan customer during the period.
  • Rewards Earn 10,000 Velocity points for every $100k drawn at settlement. Earn a further 1,000 velocity points every month. Earn a further 30,000 velocity points every three years.
    Customers who apply and are approved for a Virgin Money Reward Me Home Loan, with an LVR of 90% or under, will earn 10,000 Velocity Points for every $100,000 drawn at settlement. Receive 1,000 Velocity Points every month for each loan account and 30,000 Velocity Points every 3 year anniversary provided total borrowings are greater than $50,000.

Virgin Money is a financial services company that was founded in 2003 by the Virgin Group and Macquarie Bank. The company was bought by the Bank of Queensland in 2013.

Virgin Money has a head office in Sydney and offers a range of financial products and services, including credit cards, superannuation, home loans, insurance and savings account.

Virgin Money Home Loan Calculator
Interested in an Virgin Money home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Virgin Money compares to its competitors. Simply plug in your borrowing amount below. 

Compare your product with the big 4 banks, or add more products to compare
As seen on