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Virgin Money

Reward Me Fixed Rate Investment Loan

Advertised Rate

2.70

% p.a

Fixed - 2 years

Comparison Rate*

2.90

% p.a

Maximum LVR
90%
Real Time Rating™

2.61

/ 5
Monthly Repayment

$1,376

based on $300,000 loan amount for 25 years at 2.70%

Advertised Rate

2.70

% p.a

Fixed - 2 years

Comparison Rate*

2.90

% p.a

Maximum LVR
90%
Real Time Rating™

2.61

/ 5
Monthly Repayment

$1,376

based on $300,000 loan amount for 25 years at 2.70%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,376

based on $300,000 loan amount for 25 years at 2.70%

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

Anshuman Lukka

5.0
33 Reviews

Get expert advice from a home loans specialist.

We are an independent accounting and financial consultancy firm focused on developing customised strategies designed to fit the needs of corporate and individual clients. We provide flexibility and expertise to support our clientele in multiple roles as well as providing access to our professional research and services. Our team consists of experienced accountants and advisers supported by a strong back office team to meet your finance needs on timely basis. Working with us, you will explore a range of options and services specifically designed to deliver you a strategic financial plan based solely on your objectives. We continue to work with you over the years to ensure that as your objectives and life-stages change, so does your strategy and your plan.

Response time: in 4 hours | Our brokers call during business hours between 9.00am to 6.00pm.

Bernard Desmond

5.0
156 Reviews

Get expert advice from a home loans specialist.

Bernard Desmond OPPORTUNITY BROKER They say there are two guarantees in life, but Bernard securing your mortgage is now unofficially the third. His confidence comes from 14 years of experience and an unequivocal desire to provide you with the most opportunity from your mortgage. But don’t just take our word for it; Bernard’s strike rate from application to approval is awarded as the best in the industry: Winner 2020 Best Customer Service of the year at the Australian Broking Awards, 2020 Best Customer Service of the year at the Better Business Awards, 2019 Residential Broker of the Year and 2018 Australian broker of the Year. Supportive yet honest, Bernard has your best interest at heart and a blank piece of paper in hand, ready to fill it with plans and possibilities. Bernard sees opportunity getting to understand you and your financial goals better than the rest. He’s personable and tenacious, giving you the ability to take your money further — like that ocean villa in Hawaii.

Response time: in 36 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Reward Me Investment Loan Fixed ($300k+) (Principal and Interest) 2 Years

These are the benefits of this home loan.

  • Lower than average interest rate
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • 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 Investment Loan Fixed ($300k+) (Principal and Interest) 2 Years

TMD

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 years

Borrowing range

Suitable for

Investors

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

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

Embed

Virgin Money is available through brokers

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 90 percent, which means it requires a minimum deposit of 10 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.