Virgin Money Home Loan

 Enjoy this exclusive offer from Virgin Money on behalf of MakesCents.com.au

 

Live Life at a Better Rate

with a home loan from Virgin Money Home Loans:

2.79% p.a.

3-year Fixed Owner Occupier Principal & Interest loans with new borrowings of $300,000 or more and up to 80% LVR+

3.26% p.a.

Comparison rate#
 
 

 

 

 

 

Choose the rewarding home loan that's right for you

  • Discounted rate based on your LVR and loan size
  • Velocity Points on settlement2, monthly5 and every 3 years3
  • 100% interest offset
  • Redraw - minimum $100
  • Unlimited additional repayments

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Features and Benefits

 

Competitive interest rates

We recognise and reward the value of our customers with discounted variable interest rates based on loan size and loan-to-value ratio.

 

 

Offset account

 

 

 

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. Available on our variable and 1 year fixed rate loans.

Split borrowings

You can split your borrowings and lock in a portion of your loan with a fixed rate to get repayment certainty over a fixed period.

No application fees

 

There are no application fees on our variable rate loan. For other key fees and charges applying to your loan, refer to our Fees and Charges section below.

Redraw

 

If you're ahead of your minimum repayments, you can redraw those funds online at any time (minimum redraw amount $100) with no extra charges.

 

 

How do you earn Velocity Points?

 

Settlement

10,000 Points for every $100,000 drawn on settlement.2

1,000 Points per Month

A further 1,000 Velocity Points every month (per loan account).5

30,000 Points every 3rd year

Receive 30,000 Velocity Points every 3 years3 you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.

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Turn your dream home into your dream holiday

With a Reward Me Home Loan you’ll receive ongoing Points for the life of your loan. Time to start packing

Find out how you could receive 254,000 Velocity Points over 6 years on borrowings of $500,000*

*Assumes borrowings split across two accounts for a 6 year period and maintain a minimum combined net balance across of all accounts of at least $500,000
 

Important stuff:

Information is current as at 29 November 2019 and is subject to change.

Reward Me Home Loan BSB: 122-771

Home Loans: Virgin Money (Australia) Pty Limited ABN 75 103 478 897 promotes and distributes the companion account and the home loans as the authorised representative and credit representative of the issuer and credit provider, Bank of Queensland Limited ABN 32 009 656 740, Australian Credit Licence/AFSL 244 616 (the 'Lender').

The Lender's standard credit assessment criteria apply. Interest rates quoted are indicative only, and are subject to change without notice. See fees and charges that may be payable.

2. 1,000 Velocity Points allocated for every full $10,000 drawn at settlement. For construction loans, Velocity Points are paid after first drawing.

3. Anniversary Points, currently 30,000 Velocity Points, are paid on every 3 year anniversary of the settlement date provided total borrowings are greater than $50,000 (net of any balances held in a linked offset facility). Points are only paid once regardless of the number of split borrowings a customer has with us and they must be a continuous Reward Me Home Loan customer during the period.

5. 1,000 Velocity Points per loan account per month.

+Available for new fixed rate Owner Occupied Principal and Interest home loan applications submitted on or after 29 November 2019. Only available for new borrowings of $300,000 or more with a maximum Loan to Value Ratio up to 80%. Not available for Interest Only lending. Not available for the refinance or restructure of existing Virgin Money home loans.

#Comparison rate: Comparison rate calculated on a loan amount of $150,000 for a term of 25 years. For fixed rates, the comparison rate is also based on an LVR of 60.01%-80%. These rates are for secured lending only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates and fees are subject to change without notice. Comparison rate for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed interest only loans are based on an initial Interest Only period equal in length to the fixed period. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

Home Loans: Virgin Money (Australia) Pty Limited ABN 75 103 478 897 promotes and distributes the companion account and the home loans as the authorised representative and credit representative of the issuer and credit provider, Bank of Queensland Limited ABN 32 009 656 740, Australian Credit Licence/AFSL 244 616 (the 'Lender').