Reward Me Investment Loan Fixed ($300k+) (Principal and Interest) 5 Years
Cashback
$2500 cashback when you refinance. Minimum loan size $300k, LVR up to 80% Expiry date: 28/08/2020- Last updated on 05 Aug 2020
Smart Booster Home Loan Discounted Variable
special
1.99% variable rate for 12 months then 2.57% variable rateGet one of the lowest variable interest rates on the market
1.99%
Intro 12 months
2.55%
Smart Booster Home Loan Discounted Variable - 1yr
3.59%
Fixed - 5 years
3.60%
$1,362
based on $300,000 loan amount for 25 years
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
Maximum LVR 90% | Interest rate structure Fixed - 5 years |
Borrowing range $300k - $100m | Total Repayments $490,320 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account 100% offset account |
Extra repayments Allowed with restrictions | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $450 | Application fee $300 |
Settlement fee $150 | Valuation fee $0 |
Legal fee $0 | Other upfront fee $0 |
Ongoing fee $10 monthly | Discharge fee $350 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
- Cashback $2500 cashback when you refinance. Minimum loan size $300k, LVR up to 80%For all new refinance applications received between 18 May 2020 and 28 August 2020, and have their loan settled by 30 October 2020.Minimum loan amount $300,000 and up to 80% loan-to-value ratio. You will need to open a Reward Me Home Loan Companion account alongside your loan, where the $2,500 cashback payment will be credited within 60 days of settlement.
Velocity Points on settlement, monthly, every 3 years
PAYG only
Compare and review home loans with similar features
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.
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FAQs
RateCity wants to prove that it pays to check your home loan rate, and provide some extra motivation for doing so. We want to encourage people to take an active interest in their home loans, and gain a thorough understanding of what they’re paying and how much they could save.
You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.
The winner will be chosen randomly from our entries on 21 May 2020 by Loyalty.com.au, in the presence of an independent scrutineer.
No. You can invite as many people to enter the competition as you like. Just remember that you’ll only get one extra entry in the competition for each invited friend that checks their own rate.
For details on how RateCity makes money, please see here.
No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.
This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.
If we can’t beat your current home loan rate, you can claim your $100 gift card by confirming your home loan details with us.*
To do this, on your results page you’ll need to securely upload a home loan document or statement from your lender that can be used to confirm the home loan details you provided. This should outline the following information:
- Loan term
- Loan type (fixed / variable)
- Payment type (principal and interest / interest only)
- Loan purpose (owner / investor)
- Property value
- Date of loan commencement
- Any special conditions
We’ll keep your information private and confidential and only use your document to confirm your entry.
Your repayments should appear on your bank statements or your internet banking. If you make weekly or fortnightly repayments, make sure you convert them to monthly calculations.
We use your current mortgage details to calculate the potential savings if you were to change lenders, and also to help us point you to loans that may meet your needs.
For example – if you live in the house you own, we’ll make sure we show you the owner-occupier rates, which are typically cheaper than investor rates. Or if you have less than 20% equity in your property, then we won’t show you the deals that require a greater amount of equity.