Fixed rate home loan

3 Year Fixed Rate
3.79% p.a.
Comparison Rate^
4.00% p.a.

Available for new owner occupied principal and interest loans with an LVR of 90% or less and total borrowings of $300,000 or more

  • Competitive fixed rates
  • Ability to rate lock
  • Velocity Points on settlement1 , monthly2 and every 3 years3
  • Additional repayments up to $10,000 per annum
  • Loan with and LVR of 90% and under revert to a discounted variable rate on expiry of their fixed rate

Interest Rates

At Virgin Money we offer competitive fixed rates for 1 to 5 year terms. To find out what rate is applicable for you, see the tables below.

Owner Occupied
  • Principal and Interest (Up to 90% LVR)

    Term Rate (p.a.) Comparison Rate# (p.a.)
    1 year Fixed 4.24% 4.06%
    2 year Fixed

    3.99%

    3.85% special (for new fixed rate loans of $300,000 or more and application received on or after 7 July 2017)

    4.04%

    4.02%

    3 year Fixed

    3.99%

    3.79% special (for new fixed rate loans of $300,000 or more and application received on or after 7 July 2017)

    4.05%

    4.00%

    4 year Fixed 4.34% 4.18%
    5 year Fixed 4.49% 4.27%

    At the end of any fixed rate period, loans revert to the current Virgin Money Variable Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

  • Principal and Interest (Over 90% LVR)

    Term Rate (p.a.) Comparison Rate# (p.a.)
    1 year Fixed 4.44% 4.93%
    2 year Fixed 4.19% 4.85%
    3 year Fixed 4.19% 4.80%
    4 year Fixed 4.54% 4.87%
    5 year Fixed 4.69% 4.91%

    At the end of any fixed rate period, loans revert to the applicable Virgin Money Variable Rate plus a margin of 0.20%p.a.

  • Interest Only (Maximum LVR 70%)

    Term Rate (p.a.) Comparison Rate# (p.a.)
    1 year Fixed 4.39% 4.30%
    2 year Fixed

    4.19%

     

    4.29%
    3 year Fixed

    4.39%

     

    4.34%
    4 year Fixed 4.39% 4.36%
    5 year Fixed 4.49% 4.42%

    At the end of any fixed rate period, loans revert to the applicable Virgin Money Variable Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

Investment
  • Principal and Interest

    Term Rate (p.a.) Comparison Rate# (p.a.)
    1 year Fixed 4.34% 4.34%
    2 year Fixed

    4.05%

    3.85% special (for new fixed rate loans of $300,000 or more and application received on or after 7 July 2017)

    4.30%

    4.26%

    3 year Fixed

    4.14%

    3.99% special (for new fixed rate loans of $300,000 or more and application received on or after 7 July 2017)

    4.31%

    4.27%

    4 year Fixed 4.44% 4.41%
    5 year Fixed 4.59% 4.49%

    At the end of any fixed rate period, loans revert to our current Virgin Money Variable Investment Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

  • Interest Only (Maximum LVR 80%)

    Term Rate (p.a.) Comparison Rate# (p.a.)
    1 year Fixed 4.49% 4.58%
    2 year Fixed

    4.39%

     

    4.56%
    3 year Fixed

    4.39%

     

    4.56%
    4 year Fixed 4.59% 4.63%
    5 year Fixed 4.69% 4.68%

    At the end of any fixed rate period, loans revert to the applicable Virgin Money Variable Investment Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

Features and Benefits

Rate Lock4

Ask us to lock in a rate at the time of application for up to 100 days to protect yourself from any potential rate rises until the lending date. Fees and charges apply.

Be rewarded with Velocity Points1

Just because you have a home loan, your holiday dreams don't have to go on hold. With your Reward Me Home Loan you'll receive Velocity Points on settlement2, monthly5 and every 3 years3 – it's our way of saying thanks for being a great customer.

See how you could go from home loan to holiday with our Velocity Points Calculator

Split your borrowings for the best of both worlds

You can split and keep a portion of your borrowings with a variable rate to retain more flexibility. That way you'll have some protection if rates rise during your fixed rate period, but maintain some flexibility with the variable portion of your loan to make extra repayments or access funds through redraw if things change.

Read more about our Variable Rate Home Loan

Additional Repayments

Additional repayment up to $10,000 per annum allowed on all fixed rate terms.

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.

Home Loan Companion Account

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. The Companion Account will make it easier to make repayments and pay any fees and charges. Plus, you can use the account to offset the interest on your 1 year fixed rate home loan or when you revert to a variable rate to help you pay the loan off sooner.

Read more about our Home Loan Companion Account

Who we lend to

Our Reward Me Home Loan is available for the following purposes:

  • Individual and joint personal applicants only, no companies, trusts or guarantors
  • Applicants with PAYG income only, no self-employed applicants
  • Purchase or refinance of residential property, no construction, vacant land or off the plan purchases

Fees and Charges

Below is an outline of some key fees applicable to our Reward Me Home Loan.

Key Upfront fees
Settlement Fee $150
Payable for completing settlement of your loans
Rate Lock Fee 0.15% of the fixed loan amount
Payable if you elect to lock in your interest rate on a fixed rate loan. We will hold the interest rate for 100 days from the date we process your request. If your loan settles after 100 days, and the fixed rate has increased, the rate that is current on the day of settlement will apply.
Valuation Fee First Valuation – Free
Any further valuation will be charged for. The amount of the fee, will be the fee charged by the appointed Valuer and will vary depending on the location and value of the property.
Ongoing fees after settlement of your loan
Home Loan Fee $10
Charged to each loan account on every repayment date (monthly)
For a full list of all fees and charges that could apply refer to our Lending and Deposits Guide to Fees and Charges.

Get started today

Virgin Money Home Loans - Download our Product Essentials Guide

Product Essentials Guide

Download our little features and benefits guide and have it handy when you meet with a broker to discuss your home loan needs

Download Reward Me Home Loan (Fixed) Product Essentials

Virgin Money Home Loans - Get ready to apply

Get ready to apply

Download our checklist to ensure that you have everything ready to make applying for a home loan as easy and quick as possible

Download Virgin Money Home Loan Checklist 

Virgin Money Home Loans - Apply with a mortgage broker

How to apply

Click here to find a broker near you and request an appointment

Talk to us

Learn more about home loans

Why Virgin Money Home Loans?

We thought it was time Virgin Money shook up the home loan market. So we created a home loan that works hard for you in many ways:

At last, a home loan that rewards me

When was the last time your bank thanked you? Our Reward Me Home Loan is all about giving our customers something back. Rewarding our customers for their loyalty with Velocity Points along the way, exclusive Virgin Money bundle offers just for home loan customers and as part of the Virgin family you'll also have access to other great benefits across the Virgin group as well.

We recognise your value

We like to recognise the value of our customers, that’s why we offer discounted variable interest rates based on loan size and loan-to-value ratio.

We'll tell it like it is

We're taking a stand against jargon, hidden charges and broken promises. So we're not going to bamboozle you with information. Instead we promise to be straight up and keep it simple.

We're small enough to be different with a bank by our side

We're a well-known & trusted brand established to shake up the market and provide a real alternative to the Big 4 Banks. By teaming up with Bank of Queensland, one of Australia’s leading regional banks, we offer stability and solidity, along with Virgin’s renowned ability to do things differently and better.

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Call us

Call us on 13 81 51 for more information on our Reward Me Home Loan 
7 days from 7am-11pm (AEST) excluding public holidays