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Reward Me Home Loan Fixed (First Home Buyer Special) (Principal and Interest) 2 Years

For any query, Call: 1300 001 153
RewardsSpecial fixed rate, waived fees, double points, $100 gift card and more. Apply by 31 May 2019. 
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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No upfront fees
  • Low interest rate
  • Comes with a credit card
  • 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

Fees and Features

Maximum LVR
Maximum LVR
90%
Interest rate structure
Interest rate structure
Fixed - 2 years
Borrowing range
Borrowing range
$75k - $100m
Total repayments
Total repayments
$382,800
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
0 - 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
$0
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
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
90%
Interest rate structure
Interest rate structure
Fixed - 2 years
Borrowing range
Borrowing range
$75k - $100m
Total repayments
Total repayments
$382,800
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
0 - 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
$0
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
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
  • Rewards Special fixed rate, waived fees, double points, $100 gift card and more. Apply by 31 May 2019.
    The offer is available for first home buyers who apply and are approved for a Virgin Money Reward Me home loan with LVR of 90% or below, between 4 March and 31 May 2019 (inclusive) and settle by 30 August 2019. Double Velocity Frequent Flyer Points – 20,000 Velocity Points for every $100,000 drawn at settlement. In addition, 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. $150 settlement fee is waived and there is no home loan package fee. Receive a $100 gift card and an additional 10,000 Points when you take a Virgin Money Home and/or Contents policy before settlement. 20% discount on Lenders Mortgage Insurance on loans with an LVR between 80.01%-90%. Get 50% off the annual fee on the Virgin Australia Velocity Flyer Credit Card.

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. 

FAQs

You can calculate the total interest you will pay over the life of your loan by using a mortgage calculator. The calculator will estimate your repayments based on the amount you want to borrow, the interest rate, the length of your loan, whether you are an owner-occupier or an investor and whether you plan to pay ‘principal and interest’ or ‘interest-only’.

If you are buying a new home, the calculator will also help you work out how much you’ll need to pay in stamp duty and other related costs.

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