Variable Rates from
3.79% p.a.
Comparison Rate^
3.92% p.a.

Available for new owner occupied loans with minimum 20% deposit and balances of $750,000 or more.

  • Rate discounts based on LVR & loan size
  • Velocity Points on settlement1 , monthly2 and every 3 years3
  • 100% interest offset
  • Redraw
  • Unlimited additional repayments

Interest Rates

Interest rates are an important factor in most people's home loan decisions, but often it’s tricky to understand what rate you'll be able to get.

Some lenders take a one size fits all approach – meaning you may not get the best fit for you. Others advertise one rate and have a few more hidden in their back pocket....if you know how to ask.

We like to keep it simple and tell it like it is. We also like to recognise and reward your value to us, with discounted variable interest rates based on loan size and loan-to-value ratio.

We also think it's important to be right upfront about rate discounts. That way you know exactly what rate you'll get and you won't be left wondering whether you've got a good deal.

To find out what rate is applicable for you, see the table below.

Owner Occupied
  • Total Borrowings less than $500,000

    Loan to Value Ratio (LVR) Interest Rate p.a. Comparison Rate# p.a.
    PRINCIPAL & INTEREST
    Less than or equal to 80% 3.89% 4.02%
    80.01% to 90% 4.09% 4.22%
    Over 90% 4.84% 4.97%
    INTEREST ONLY
    Less than or equal to 70% 4.39% 4.38%

  • Total Borrowings $500,000 and less than $750,000

    Loan to Value Ratio (LVR) Interest Rate p.a. Comparison Rate# p.a.
    PRINCIPAL & INTEREST
    Less than or equal to 80% 3.84% 3.97%
    80.01% to 90% 4.04% 4.17%
    Over 90% 4.84% 4.97%
    INTEREST ONLY
    Less than or equal to 70% 4.34% 4.33%

  • Total Borrowings over $750,000

    Loan to Value Ratio (LVR) Interest Rate p.a. Comparison Rate# p.a.
    PRINCIPAL & INTEREST
    Less than or equal to 80% 3.79% 3.92%
    80.01% to 90% 3.99% 4.12%
    Over 90% 4.84% 4.97%
    INTEREST ONLY
    Less than or equal to 70% 4.29% 4.28%

Investment
  • Total Borrowings less than $500,000

    Loan to Value Ratio (LVR) Interest Rate p.a. Comparison Rate# p.a.
    PRINCIPAL & INTEREST
    Less than or equal to 80% 4.19% 4.32%
    80.01% to 90% 4.44% 4.57%
    INTEREST ONLY
    Less than or equal to 80% 4.69% 4.68%

  • Total Borrowings $500,000 and less than $750,000

    Loan to Value Ratio (LVR) Interest Rate p.a. Comparison Rate# p.a.
    PRINCIPAL & INTEREST
    Less than or equal to 80% 4.14% 4.27%
    80.01% to 90% 4.39% 4.52%
    INTEREST ONLY
    Less than or equal to 80% 4.64% 4.63%

  • Total Borrowings over $750,000

    Loan to Value Ratio (LVR) Interest Rate p.a. Comparison Rate# p.a.
    PRINCIPAL & INTEREST
    Less than or equal to 80% 4.09% 4.22%
    80.01% to 90% 4.34% 4.47%
    INTEREST ONLY
    Less than or equal to 80% 4.59% 4.58%

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.

Make every dollar count with mortgage offset

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. Every dollar that you keep in this account offsets the interest costs on your variable rate loan, so it reduces the amount of interest you'll have to pay on your home loan and will help you pay it off sooner. Now, that makes perfect sense!

As long as you have a positive balance in this account, you won't be charged any ongoing fees for maintaining it. We'll use this account to debit ongoing fees and charges across your loans and you can use it to make the repayments on your loan.

Read more about our Home Loan Companion Account

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 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. That way you'll have some protection if rates rise during that 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 Fixed Rate Home Loan

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.

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.

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
Canstar logo

The Virgin Money Reward Me Owner Occupier Variable Home Loan was evaluated by Canstar against hundreds of other home loan products, comparing price and features to determine value and we are excited to announce we have received a 5 star rating! The Canstar award for Outstanding Value Home Loans - Variable Home Loan - Owner Occupied, was received for our Reward Me Owner Occupier Variable Home Loan*. This is great news for you as this rating shows we have a high-value product and shows why Virgin Money should be considered for your home loan.

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
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 (Variable) 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

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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