Virgin Money Reward Me Investment Loan Fixed (Principal and Interest) 5 Years | Review & Compare Home Loans

Summary
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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

3.59%

Fixed - 5 years then 3.69%

Comparison rate*

3.79%

Maximum LVR

90%

Real Time Rating™

monthly Repayment

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Loan Term

years

Repayment Frequency

Monthly Fortnightly Weekly

Pros and Cons

Pros:

100% full offset account
Repayments will not change during fixed period

Cons:

Limited extra repayments
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 - 5 years
Borrowing range	Borrowing range $5k - $100m Calculate how much you can borrow »
Total repayments	Total repayments $379,200 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 Allowed with restrictions
Redraw facility	Redraw facility
Allows split interest	Allows split interest
Suitable For	Suitable ForInvestors
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 90%
Interest rate structure	Interest rate structure Fixed - 5 years
Borrowing range	Borrowing range $5k - $100m Calculate how much you can borrow »
Total repayments	Total repayments $379,200 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 Allowed with restrictions
Redraw facility	Redraw facility
Allows split interest	Allows split interest
Suitable For	Suitable ForInvestors

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

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

Generic

Reward Me Investment Loan (Principal and Interest) ($75k-$500k, LVR < 80%)

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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Lower Rate

Inv UHomeLoan Fixed (Principal and Interest) 5 Years

Extra low interest rate for refinancers
No upfront or ongoing fees
Repayments will not change during fixed period

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More Flexibility

Well Balanced Investment Loan (Principal and Interest) (LVR < 80%)

monthly over undefined years

$635.00

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

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Major Bank

Wealth Package Fixed Rate Investment Loan (Interest Only) 5 Years

Repayments will not change during fixed period

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Questions? We’re only a call away. Call us now 1300 001 153.

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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 Investment Loan Fixed (Principal and Interest) 5 Years