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Lite Home Loan

our products

Our Lite home loan rewards you for making your repayments on time. Property ownership with a side of points? That’s more like it.


A phone app with home loan customer rewards

Repayments = Rewards

Earn Virgin Money Points every month just for repaying your home loan on time14.

Virgin Money Rewards

Money bag icon to represent savings with our no ongoing fees home loan

Hold the ongoing fees 

No set up or ongoing fees, you can keep the extra $$$ and buy yourself something nice. 

Find out more

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Pay your loan off pronto

Make repayments anytime, fee-free with no limits and withdraw them whenever.13

Find out more

Variable Rate

5.63% p.a.3

variable rate+

5.65% p.a.
comparison rate*

Enquire now

Fixed 2 Year Rate

5.14% p.a.4

fixed rate

5.55% p.a.
comparison rate*

Enquire now

3Available for new owner occupier, principal and interest loans, Minimum loan size $150K, max 80% LVR11.

4Available for new 2yr fixed owner occupier, principal and interest loans, min loan $20k, max 80% LVR11.

Pay your home loan off faster

When it comes to getting ahead, we love to see it. Choose a variable loan and make extra repayments fee-free, whenever you, like with no limits13. And, you can always dip into those extra repayment funds whenever you need to.  

Speedometer icon to symbolise fee free payments into a variable home loan

Sign post icon symbolising splitting your home loan

Do the splits

On the fence about whether to go fixed or variable? Split your home loan to benefit from both fixed and variable interest rates. Then, choose a repayment schedule that suits you–weekly, fortnightly, or monthly? Take your pick.

Earn Virgin Money Points 

When it comes to earning easy rewards, our Lite home loan has really raised the bar.

Get rewarded with ongoing 1000 Virgin Money Points per applicant every month14 just for making your home loan repayments on time, (as long as you’re not behind on your loan payments!). Talk about easy-peasy points. 

Learn about rewards

A person wearing multiple pairs of sunglasses he bought with his Virgin Money points
Lite home loan rate rundown

We keep our rates competitive and our fees to a minimum, because there’s nothing more rewarding than feeling like you got a great deal on your home loan. Apart from maybe all the points you’ll earn. 

Owner occupier

Found a place you want to call home? Check out our competitive rates for owner-occupiers.

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  • Owner Occupier - Variable
    <$150K

    Please note: The minimum amount that may be borrowed is $20,000.00

    Loan to Value Ratio (LVR)11 Interest Rate 
    (% p.a.)+    		 Comparison Rate (% p.a.)* Base Rate (% p.a.)* Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    Less than or equal to 80% 7.95 7.97 7.59% 7.61%
    80.01% to 90% 8.21 8.23 7.59% 7.61%
    Over 90.01% 8.21 8.23 7.59% 7.61%
    INTEREST ONLY
    Less than or equal to 80% 7.92 7.95 8.19% 7.88%
    80.01% to 90% 8.19 8.22 8.19% 7.88%
     
  • Owner Occupier - Variable
    >$150K
    Loan to Value Ratio (LVR)11 Interest Rate 
    (% p.a.)+    		 Comparison Rate (% p.a.)* Base Rate (% p.a.)* Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    Less than or equal to 80% 5.63 5.65 7.59% 7.61%
    80.01% to 90% 5.84 5.86 7.59% 7.61%
    Over 90.01% 7.27 7.29 7.59% 7.61%
    INTEREST ONLY
    Less than or equal to 80% 7.92 6.67 8.19% 7.88%
    80.01% to 90% 8.19 6.91 8.19% 7.88%
     
  • Owner Occupier - Fixed
    LVR 80.01% to 90%
    Term       Interest Rate (% p.a.)+ Comparison Rate (% p.a.)* Base Rate (% p.a.)+ Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    1 Year 5.99 5.87 7.69% 7.62%
    2 Year 5.49 5.79 7.59% 7.61%
    3 Year 5.39 5.73 7.29% 7.52%
    4 Year 5.69 5.80 7.29% 7.49%
    5 Year 5.69 5.79 7.49% 7.56%
    INTEREST ONLY
    1 Year 7.34 6.01 7.09% 7.55%
    2 Year 6.79 6.04 6.79% 7.44%
    3 Year 6.49 6.04 6.79% 7.37%
    4 Year 7.19 6.33 6.99% 7.38%
    5 Year  6.99 6.36 7.09% 7.38%
  • Owner Occupier - Fixed
    LVR Less than or equal to 80%
    Term       Interest Rate (% p.a.)+ Comparison Rate (% p.a.)* Base Rate (% p.a.)+ Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    1 Year 5.64 5.65 7.69% 7.62%
    2 Year 5.14 5.55 7.59% 7.61%
    3 Year 5.14 5.51 7.29% 7.52%
    4 Year 5.44 5.58 7.29% 7.49%
    5 Year 5.44 5.57 7.49% 7.56%
    INTEREST ONLY
    1 Year 7.09 5.79 7.09% 7.55%
    2 Year 6.79 5.87 6.79% 7.44%
    3 Year 6.59 5.92 6.79% 7.37%
    4 Year 6.99 6.14 6.99% 7.38%
    5 Year 7.19 6.33 7.09% 7.38%
Investor

Buying or refinancing a place to rent out?  We’re invested in making investing more rewarding for you.

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  • Investor - Variable
    <$150K

    Please note: The minimum amount that may be borrowed is $20,000.00

    Loan to Value Ratio (LVR)11 Interest Rate (% p.a.)+ Comparison Rate (% p.a.)* Base Rate (% p.a.)* Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    Less than or equal to 80% 5.74 5.76 7.79% 7.81%
    80.01% to 90% 6.04 6.06 7.79% 7.81%
    INTEREST ONLY
    Less than or equal to 80% 5.89 5.82 7.99% 7.90%
    80.01% to 90% 6.24 6.14 7.99% 7.90%
  • Investor - Variable
    >$150K
    Loan to Value Ratio (LVR)11 Interest Rate (% p.a.)+ Comparison Rate (% p.a.)* Base Rate (% p.a.)* Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    Less than or equal to 80% 5.74 5.76 7.79% 7.81%
    80.01% to 90% 6.04 6.06 7.79% 7.81%
    INTEREST ONLY
    Less than or equal to 80% 5.89 5.82 7.99% 7.90%
    80.01% to 90% 6.24 6.14 7.99% 7.90%
  • Investor - Fixed
    LVR Less than or equal to 80%
    Term       Interest Rate (% p.a.)+ Comparison Rate (% p.a.)* Base Rate (% p.a.)+ Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    1 Year 5.84 5.77 6.24% 7.64%
    2 Year  5.34 5.68 5.94% 7.42%
    3 Year  5.34 5.65 5.94% 7.26%
    4 Year  5.64 5.72 6.14% 7.19%
    5 Year  5.64 5.71 6.24% 7.11%
    INTEREST ONLY
    1 Year  5.94 5.78 6.44% 7.66%
    2 Year  5.44 5.70 6.14% 7.46%
    3 Year  5.44 5.67 6.14% 7.32%
    4 Year  5.74 5.76 6.34% 7.26%
    5 Year  5.74 5.76 6.44% 7.20%
  • Investor - Fixed
    LVR 80.01% to 90%
    Term       Interest Rate (% p.a.)+ Comparison Rate (% p.a.)* Base Rate (% p.a.)+ Comparison Base Rate (% p.a.)*
    PRINCIPAL & INTEREST
    1 Year  6.14 6.07 6.24% 7.64%
    2 Year  5.54 5.96 5.94% 7.42%
    3 Year  5.44 5.89 5.94% 7.26%
    4 Year  5.74 5.95 6.14% 7.19%
    5 Year  5.74 5.93 6.24% 7.11%
    INTEREST ONLY
    1 Year  6.14 6.07 6.44% 7.66%
    2 Year  5.64 5.98 6.14% 7.46%
    3 Year  5.54 5.92 6.14% 7.32%
    4 Year  5.84 5.98 6.34% 7.26%
    5 Year  5.84 5.97 6.44% 7.20%
Lite on fees

With no annual, setup, or ongoing fees, you get to keep more of your money.

Money icon to represent home loan fees

Annual fee $0
Settlement fee  $150 – to prepare your loan documents and settle your home loan.
Valuation fee We will cover the valuation costs up to $300
Rate lock $750 – Payable if you elect to lock in your interest rate on a fixed rate loan. We will hold the interest rate for 90 days from the date we process your request. If your loan settles after 90 days, and the fixed rate has increased, the rate that is current on the day of settlement will apply.
Government fees and charges These fees are calculated at the time of your application and may include land title search fee, mortgage discharge fee, mortgage registration fee.

Guide to fees and charges   Compare interest rates 

Banking calculators & tools 

We love making things easy! Our tools and calculators help you work out all the important home loan stuff.

CALCULATORS & TOOLS
How much can I borrow?

Calculate how much you may be able to borrow for your home loan based on your income and expenses.

Calculate amount

CALCULATORS & TOOLS
How much can I save?  

Increasing or making extra repayments could help you pay off your home loan sooner.  

Calculate saving

CALCULATORS & TOOLS
Compare home loans.

See the financial differences between a fixed rate home loan and a variable rate home loan.

Start Comparing

Lite home loan support and FAQs

Here you'll find all your home loan questions answered!

Book symbolising learning about a Virgin Money Lite home loan

Get in touch

Our lending specialists are here to help. Start with a quick, no obligation chat at a time that works for you. Just fill in the form and our home loan experts will aim to contact you within 24 hours.


13 81 51

General enquiries | Home loan & offset account

Monday to Friday 8am - 6pm (AEST/AEDT)
Saturday 8am - 5pm (AEST/AEDT)
Excluding public holidays.

1800 701 997

General enquiries | FInancial Hardship Assistance

Monday to Friday 8.30am - 5pm (AEST/AEDT)
Excluding public holidays. 

View support page

Important stuff

Virgin Money Australia, a division of Bank of Queensland Limited ABN 32 009 656 740, AFSL and Australian Credit Licence 244 616 is the credit provider for the Lite and Loaded Home Loans.   

Virgin Money (Australia) Pty Limited ABN 75 103 478 897 (“Virgin Money Australia”) promotes and distributes the Reward Me home loans as an authorised credit representative of BOQ. Virgin Money Australia is a wholly-owned but non-guaranteed subsidiary of BOQ.

+Interest rates are current as at  29 May 2025 and are subject to change. The variable interest rate may include a discount or margin that is applied to the product’s variable base rate. Variable interest rates may include a discount or margin that is applied to the product’s variable base rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time.

*Home Loan comparison rates are based on a loan of $150,000 for a term of 25 years, repaid monthly. For variable loans with interest only repayments, the comparison rates are based on an initial 5 year interest only period. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. The comparison rates for fixed loans with interest only repayments are based on the interest- only period being equal to the fixed rate term.

Terms, conditions, fees and charges apply. Applications are subject to credit approval.

View Virgin Money home loan key facts sheet

  • Things you need to know

    1. Participation in the Virgin Money Rewards Program is subject to Virgin Money Rewards terms and conditions. Each Virgin Money Lite home loan borrower can earn 1000 monthly bonus points for a calendar month if the Lite home loan has an outstanding balance on the last day of the calendar month and the borrower is not in default on the last day of the calendar month under any home loan contract with us (including those relating to other home loans). 

    2. Participation in the Virgin Money Rewards program is subject to Virgin Money Rewards terms and conditions. Virgin Money Loaded home loan borrowers can earn 2000 bonus points for every $10,000 of the loan amount advanced at settlement provided the loan is not a further advance, top-up or refinance of an existing Virgin Money loan. The loan must remain open, and the borrowers must not be in default before points are credited. Points will be evenly split among multiple borrowers of the same loan. Additionally, each Virgin Money Loaded home loan borrower can earn 2,000 monthly bonus points for a calendar month if the Loaded home loan has an outstanding balance on the last day of the calendar month and the borrower is not in default on the last day of the calendar month under any home loan contract with us (including those relating to other home loans). 

    3. Available for new Virgin Money Lite owner occupier, principal and interest loans, Minimum loan size $150K. max 80% LVR^. The variable interest rate may include a discount or margin that is applied to the product’s variable base rate. Variable interest rates may include a discount or margin that is applied to the product’s variable base rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time. 

    4. Available for new Virgin Money Lite 2 year fixed owner occupier, principal and interest loans, min loan $20k, max 80% LVR. 

    5. Available for new Virgin Money Loaded owner occupier, principal and interest loans, Minimum loan size $400K. max 60% LVR^. The variable interest rate may include a discount or margin that is applied to the product’s variable base rate. Variable interest rates may include a discount or margin that is applied to the product’s variable base rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time. 

    6. Available for new Virgin Money Loaded 2 year fixed owner occupier, principal and interest loans, min loan $20k, max 80% LVR. 

    7. You will earn 8 Virgin Money Points for any settled debit card purchases (not pending), direct debits and BPAY payments from your Virgin Money Go Account. For customers who open a Virgin Money Go Account jointly with another person, the points will be split and evenly allocated to both joint account holders of that account. For further information refer to our Virgin Money Rewards terms and conditions.

    8. Welcome Offer Criteria: The Virgin Money Go Account comes bundled with the Virgin Money Boost Saver. New Virgin Money Go Account customers will receive 5,000 Bonus Virgin Money Points when they make one (1) debit card purchase, direct debit or BPAY payment from their Virgin Money Go Account in the first 30 days from account opening. Debit card purchases must settle in the first 30 days from account opening (not pending). Cash withdrawals, deposits, refunds, reversals or credits to the Virgin Money Go Account, Pay Someone payments and internal transfers are excluded. For customers who open a Virgin Money Go Account jointly with another person, the Bonus Points will be split and evenly allocated to both joint account holders of that account once the Welcome Offer Criteria have been met. Virgin Money reserves the right to amend or withdraw this offer at any time without notice. A new customer is any person who does not currently or has not previously held a Virgin Money Go Account or Virgin Money Grow Saver. Offer ends 31 July 2025. For further information on the Virgin Money Rewards Program refer to our terms and conditions.

    9. Virgin Money Australia, a division of Bank of Queensland Limited ABN 32 009 656 740 (BOQ), is the issuer of the Virgin Money Rewards Program. Participation in the Virgin Money Rewards Program is subject to Virgin Money Rewards Terms and Conditions

    10. Home Loan comparison rates are based on a loan of $150,000 for a term of 25 years, repaid monthly. For variable loans with interest only repayments, the comparison rates are based on an initial 5 year interest only period. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. The comparison rates for fixed loans with interest only repayments are based on the interest- only period being equal to the fixed rate term.

    11. Loan to Value Ratio (LVR) is the loan amount divided by the value of your property (determined by Virgin Money at assessment), multiplied by 100. The LVR value compares the amount you have owning on your home loan against the actual value of your property. For example, if your property was valued at $400,000 and your loan amount was $340,000, your LVR would be 85%.

    12. The variable interest rate may include a discount or margin that is applied to the product’s variable base rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time.

    13. Additional repayments made into a fixed rate home loan are limited to $10,000 per year and are not available for redraw during the fixed period.     

    14. Participation in the Virgin Money Rewards Program is subject to Virgin Money Rewards Terms and Conditions. Each Virgin Money Lite Home Loan borrower can earn 1000 monthly Bonus Points for a calendar month if the Lite Home Loan has an outstanding balance on the last day of the calendar month and the borrower is not in default on the last day of the calendar month under any home loan contract with us (including those relating to other home loans).

    15. Participation in the Virgin Money Rewards Program is subject to Virgin Money Rewards Terms and Conditions. Virgin Money Loaded Home Loan borrowers can earn 2000 Bonus Points for every $10,000 of the loan amount advanced at settlement provided the loan is not a further advance, top-up or refinance of an existing Virgin Money loan. The loan must remain open, and the borrowers must not be in default before points are credited. Points will be evenly split among multiple borrowers of the same loan. Additionally, each Virgin Money Loaded Home Loan borrower can earn 2,000 monthly Bonus Points for a calendar month if the Loaded Home Loan has an outstanding balance on the last day of the calendar month and the borrower is not in default on the last day of the calendar month under any home loan contract with us (including those relating to other home loans).    

    16. Participation in the Virgin Money Rewards program is subject to Virgin Money Rewards terms and conditions.
      Virgin Money Lite home loan borrowers can earn;
      1000 monthly Bonus Points for a calendar month if the Lite Home Loan has an outstanding balance on the last day of the calendar month and the borrower is not in default on the last day of the calendar month under any home loan contract with us (including those relating to other home loans).

      Virgin Money Loaded home loan borrowers can earn;
      2000 bonus points for every $10,000 of the loan amount advanced at settlement provided the loan is not a further advance, top-up or refinance of an existing Virgin Money loan. The loan must remain open, and the borrowers must not be in default before points are credited. Points will be evenly split among multiple borrowers of the same loan. Each borrower can earn 2,000 monthly bonus points for a calendar month if the Loaded home loan has an outstanding balance on the last day of the calendar month and the borrower is not in default on the last day of the calendar month under any home loan contract with us (including those relating to other home loans).