Rates and Fees Summary

Virgin Money Reward Me Home Loan

Interest Rates

Important: Information contained in this section relates to the Virgin Money Reward Me Home Loan only.

At Virgin Money we offer reduced interest rates based on loan amount & loan-to-value ratio.

Below are our standard variable rates for owner occupied and investment loans. All our variable rates are based on these rates and this is the rate quoted in your loan contract. Any discount that applies to your variable rate loan comes off this rate.

Principal and Interest
Interest Rate (p.a.) Comparison Rate#(p.a.)
Virgin Money Variable Rate (Owner Occupied) 4.64% 4.77%
Virgin Money Variable Investment Rate (Investment) 4.94% 5.07%

Please note: From 29 July 2017, we will be introducing two new Standard Variable Rates for Interest Only loans. These rates will be the Virgin Money Variable Interest Only Rate and the Virgin Money Variable Investment Interest Only Rate. 

From 8 August 2017, these rates will be:

Interest Only Interest Rate (p.a.) Comparison Rate#(p.a.)
Virgin Money Variable Interest Only Rate (Owner Occupied) 4.89% 5.02%
Virgin Money Variable Investment Interest Only Rate (Investment) 5.19% 5.32%

Reward Me Variable Rate Home Loan

Current rates – effective 7 July 2017

Owner Occupied

Loan to value ratio (LVR) Less than or equal to 80% p.a. Comparison Ratep.a. 80.01% to 90% p.a. Comparison Rate# p.a. 90.01%+ p.a. Comparison Rate# p.a.
PRINCIPAL & INTEREST
Less than $500,000 3.89% 4.02% 4.09% 4.22% 4.84% 4.97%
$500,000 to $749,999 3.84% 3.97% 4.04% 4.17% 4.84% 4.97%
$750,000 and above 3.79% 3.92% 3.99% 4.12% 4.84% 4.97%
INTEREST ONLY (MAXIMUM LVR 70%)
Please note: From 8 August 2017, interest only variable rates will increase by 0.25%p.a.
Less than $500,000 4.14% 4.27% N/A N/A N/A N/A
$500,000 to $749,999 4.09% 4.22% N/A N/A N/A N/A
$750,000 and above 4.04% 4.17% N/A N/A N/A
N/A

Investment

Loan to value ratio (LVR) Less than or equal to 80% p.a. Comparison Ratep.a. 80.01% to 90% p.a. Comparison Rate# p.a. 90.01%+ p.a. Comparison Rate# p.a.
PRINCIPAL & INTEREST
Less than $500,000 4.19% 4.32% 4.44% 4.57% N/A N/A
$500,000 to $749,999 4.14% 4.27% 4.39% 4.52% N/A N/A
$750,000 and above 4.09% 4.22% 4.34% 4.47% N/A N/A
INTEREST ONLY
Please note: From 8 August 2017, interest only variable rates will increase by 0.25%p.a.
Less than $500,000 4.44% 4.57% N/A N/A N/A
N/A
$500,000 to $749,999 4.39% 4.52% N/A N/A N/A
N/A
$750,000 and above 4.34% 4.47% N/A N/A N/A N/A

Reward Me Fixed Rate Home Loan

Current rates – effective 7 July 2017

Owner Occupied

Term Interest Rate (p.a) Comparison Rate# (p.a)
PRINCIPAL & INTEREST (UP TO 90% LVR)
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%
PRINCIPAL & INTEREST (OVER 90% LVR)
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%
INTEREST ONLY
1 year Fixed 4.24% 4.06%
2 year Fixed 3.99% 4.04%
3 year Fixed 3.99% 4.05%
4 year Fixed 4.34% 4.18%
5 year Fixed 4.49% 4.27%

Investment

Term Interest Rate (p.a) Comparison Rate# (p.a)
PRINCIPAL & INTEREST
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%
INTEREST ONLY
1 year Fixed 4.34% 4.34%
2 year Fixed 4.05% 4.30%
3 year Fixed 4.14% 4.31%
4 year Fixed 4.44% 4.41%
5 year Fixed 4.59% 4.49%

Fees and Charges

Important: Rate and fee information contained in this section relates to the Virgin Money Reward Me Home Loan. Customers who have a Virgin Money Home Loan managed by Macquarie Bank issued prior to April 2016 please call our Customer Care team on 1300 948 000 for information.

Reward Me Home Loans fees and charges

Below is an outline of the key fees and charges applicable to your loan.

Upfront Fees
Settlement Fee $150 
Payable for completing settlement of your loans
Additional Security Fee $150 
Payable when more than one security is required
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.
Document Variation Fee $200 
Payable if a new set of loan documents needs to be issued due to a change in your requirements.

Post-settlement Fees
Home Loan Fee $10 
Charged to each loan account on every repayment date (monthly)
Rate Lock Fee 0.15% of fixed rate loan amount 
Payable if you request to lock in a specific fixed rate prior to the end of your current fixed rate period.
Break Cost Admin Fee $50 
Payable when we break your fixed rate contract. This fee is payable regardless of whether a break cost is incurred or not.
Switching Fee $300 
Charged for loans converted to another type of loan.
Substitution of Security Fee $300 
Payable if we agree to substitute one security for another security.
Consent Fee $300 
Payable wherever we give consent (following a request from you) to a change in security.
Security Release Fee 
(full or partial)
$320 
Payable when we agree (at your request) to discharge a security.
Production Fee $150 
Payable if a certificate of title or any security is required to be produced to another financial institution.

For the full list of fees and charges applicable to your loan, Home Loan Companion account and Hub access, please go to our Lending and Deposits Guide to Fees and Charges.

Virgin Money Home Loan Managed by Macquarie Bank

Interest Rates

Important: Information contained in this section relates to Virgin Money Home Loans that are managed by Macquarie Bank only and were issued prior to April 2016. These loans are no longer for sale and the information is for existing customers of those loans only.

Variable Rate Home Loans

Current rates – effective 13 April 2017

  Interest Rate (p.a.) Comparison Rate^^ (p.a.)
OWNER OCCUPIER
Virgin Home Loan Variable 4.69% 4.69%
Virgin Home Loan Multi Variable 4.89% 4.89%
Virgin Line of Credit Variable 4.79% N/A
Virgin Home Loan Variable (Low Doc) 2 5.47% 5.47%
RESIDENTIAL INVESTMENT
Virgin Home Loan Investment Rate 5.26% 5.26%
Virgin Home Loan Multi Investment Rate 5.36% 5.36%
Virgin Home Loan Investment Variable (Low Doc) 2 5.99% 5.99%

Low Doc Fixed Rates available on request.

Fixed Rate Home Loans

Current rates – effective 13 April 2017

Virgin Home Loan Fixed Rate Interest Rate (p.a.) Comparison Rate^^ (p.a.)
OWNER OCCUPIER
Virgin Home Loan 1 yr Fixed Rate 4.39% 4.66%
Virgin Home Loan 3 yr Fixed Rate 4.24% 4.57%
Virgin Home Loan 5 yr Fixed Rate 4.89% 4.77%
RESIDENTIAL INVESTMENT
Virgin Home Loan 1 yr Investment Fixed Rate 5.41% 5.27%
Virgin Home Loan 3 yr Investment Fixed Rate 5.46% 5.31%
Virgin Home Loan 5 yr Investment Fixed Rate 5.81% 5.49%

Low Doc Fixed Rates available on request.

^^ Comparison rate for Virgin Money Home Loans managed by Macquarie Bank is calculated on a loan amount of $150,000 for a term of 25 years. These rates are for secured lending only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Virgin Money Home Loans issued prior to April 2016 are managed & serviced by Macquarie Bank Limited ABN 46 008 583 542 & Macquarie Securitisation Limited ABN 16 003 297 336.

Fees and Charges

Important: Rate and fee information contained in this section relates to the Virgin Money Reward Me Home Loan. Customers who have a Virgin Money Home Loan managed by Macquarie Bank issued prior to April 2016 please call our Customer Care team on 1300 948 000 for information.