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

Reward Me Variable Rate Home Loan

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Advertised Rate

3.42

% p.a

Variable

Comparison Rate*

3.46

% p.a

Maximum LVR

60%

Real Time Rating™

Monthly Repayment

$1,489

based on $300,000 loan amount for 25 years at 3.42%

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Summary
Features & fees
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Advertised Rate

3.42

% p.a

Variable

Comparison Rate*

3.46

% p.a

Maximum LVR

60%

Real Time Rating™

Monthly Repayment

$1,489

based on $300,000 loan amount for 25 years at 3.42%

Calculate your repayments for this loan

Your estimated repayment

$1,489

based on $300,000 loan amount for 25 years at 3.42%

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

Tedjo Hadiwidjojo

5.0

14 Reviews

Get expert advice from a home loans specialist.

An experienced mortgage broker with over 15 years in the finance industry, dedicating to finding the right loan product from a wide range of lenders to meet your lending requirement. I pride myself to provide Speed, Convenience and adding Value to my clients. Buying property whether it’s your home or investment comes with complex choices and can be daunting. There are a lot of variables to consider when choosing the right loans. With my experience as a mortgage broker and an investor myself, I will recommend you the best lender and guide you through the process to get you the best possible loan option and lending rates.

VIC3131

CRN: 517245

Daniel Tetlaw

Get expert advice from a home loans specialist.

I enjoy working with clients to understand their goals and deliver great outcomes for their unique situations. This requires flexibility, dotting every ‘i’, crossing every ‘t’, and striving to over deliver on my clients’ needs and expectations.

WA6027

CRN: 528660

Basic Variable Rate (Flexi First Option) Home Loan

Cashback

Refinance and get $3,000 cashback for new Owner Occupier and Investment Loans. Terms and Conditions apply.*~ Ends in 4 days

Lower than average interest rate
No upfront or ongoing fees

Advertised Rate

2.09

% p.a

Intro 24 months

Comparison Rate*

2.52

% p.a

Real Time Rating™

Monthly Repayment

$1,199

based on $300,000 loan amount for 25 years at 2.09%

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More Features

Quick home loan review

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

These are the benefits of this home loan.

100% full offset account
Extra repayments and redraw facility
Free redraw facility
Split account option

These are the drawbacks of this home loan.

Higher than average interest rate
Ongoing fee
Higher than average upfront fee
Discharge fee at end of loan
Maximum loan amount is limited to 60% of the property's value
No repayment holidays

Home loan overview

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

Details
Features
Fees
Application method

Details

Maximum LVR 60%	Total Repayments $256,500 View repayment schedule »
Next LVR 3.47% for max LVR 80%	Interest rate type Variable
Borrowing range $750k - $100m Calculate how much you can borrow	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 Unlimited extra repayments	Offset account 100% offset account
Redraw facility Redraw fee: $0	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 450	Application fee 300
Legal fee $0	Valuation fee $0
Settlement fee 150	Other upfront fee 0
Ongoing fee $10 monthly	Discharge fee 350

Application method

Online	Phone
Broker Talk to an expert	In branch

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Comparison Rate*

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Comparison Rate*

2.37

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Lower than average interest rate
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FAQs

The range you can borrow from this loan is $750k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

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

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

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

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

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

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

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