Virgin Money Reward Me Home Loan (Interest Only) ($750k+, LVR < 80%) | Review & Compare Home Loans

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RewardsEarn 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.

Advertised rate

3.84%

Variable

Comparison rate*

3.83%

Maximum LVR

60%

monthly Repayment

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Loan Term

years

Repayment Frequency

Monthly Fortnightly Weekly

Pros and Cons

Pros:

100% full offset account
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

Cons:

Discharge fee at end of loan
Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR	Maximum LVR 60%
Interest rate structure	Interest rate structure Variable
Borrowing range	Borrowing range $750k - $100m Calculate how much you can borrow »
Total repayments	Total repayments $240,000 View repayment schedule »
Principal & interest	Principal & interest
Interest only	Interest only
Loan term	Loan term 1 - 30 years
Offset account	Offset account 100% offset account
Extra repayments	Extra repayments Unlimited extra repayments
Redraw facility	Redraw facility Redraw fee: $0
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 60%
Interest rate structure	Interest rate structure Variable
Borrowing range	Borrowing range $750k - $100m Calculate how much you can borrow »
Total repayments	Total repayments $240,000 View repayment schedule »
Principal & interest	Principal & interest
Interest only	Interest only
Loan term	Loan term 1 - 30 years
Offset account	Offset account 100% offset account
Extra repayments	Extra repayments Unlimited extra repayments
Redraw facility	Redraw facility Redraw fee: $0
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

Details of Specials

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.

Compare and review home loans with similar features

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Pepper Essential Plus Home Loan (Prime) (LVR 55%-65%)

100% full offset account
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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Lower Rate

Reward Me Home Loan (Interest Only) ($75k-$500k, LVR < 60%)

RewardsEarn 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.

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More Flexibility

Home Advantage Living Equity Home Loan ($250k-$700k)

monthly over undefined years

$150.00

No ongoing fees
100% full offset account
Extra repayments + redraw services
Free redraw facility

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Major Bank

Wealth Package Variable Home Loan (Interest Only) ($150k-$350k)

100% full offset account
Extra repayments + redraw services
Comes with a credit card
Free redraw facility

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Details

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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
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Reward Me Home Loan (Interest Only) ($750k+, LVR < 60%)