Home Loan Refinance | Virgin Money

Variable Rate Home Loan

6.44% p.a.

Variable Rate⁺

6.58% p.a.

Comparison Rate^*

Offset

100% Interest Offset

Available for new owner-occupied principal and interest loans with an LVR of 60% or less and total borrowings of $500,000 or more.

Why refinance with Virgin Money?

Features and benefits:

Want the best of both worlds? When you refinance with Virgin Money, you can split your loan into fixed and variable portions to enjoy both certainty and flexibility. Learn more with our split home loan calculator.

Access the cash you made in extra repayments with a redraw facility. Otherwise, see how you can pay off your home loan sooner with our additional repayment calculators.

We love rewarding you. Refinance your home loan with Virgin Money and we can offer discounted variable rates based on your loan size and Loan to Value Ration (LVR) i.e, the size of your deposit.

Refinancing to our Reward Me Home Loan comes with a Home Loan Comparison Account. Use it to offset the interest on your variable interest rate and you could pay off your home loan faster.

Variable Rate Home Loan Interest Rates

Our Reward Me Variable Rate Home Loan offers competitive interest rates and extra flexibility with the ability to redraw and make unlimited additional repayments.

Owner Occupied

Interest rates shown are for total borrowings less than $500,000 on an owner occupied loan with the Reward Me Variable Rate Home Loan.

Loan to Value Ratio (LVR) Interest Rate (p.a.)⁺ Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60% 6.44%
6.58%
60.01% to 80% 6.44%
6.58%
80.01% to 90% 6.94% 7.08%
Over 90% 8.87% 9.01%
INTEREST ONLY

Less than or equal to 60% 7.19% 6.92%
60.01% to 80% 7.19% 6.92%

Loan to Value Ratio (LVR)	Interest Rate (p.a.)⁺	Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60%	6.44%	6.58%
60.01% to 80%	6.44%	6.58%
80.01% to 90%	6.94%	7.08%
Over 90%	8.87%	9.01%
INTEREST ONLY
Less than or equal to 60%	7.19%	6.92%
60.01% to 80%	7.19%	6.92%

Interest rates shown are for total borrowings between $500,000 and less than $750,000 on an owner occupied loan with the Reward Me Variable Rate Home Loan.

Loan to Value Ratio (LVR) Interest Rate (p.a.)⁺ Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60% 6.44%
6.58%
60.01% to 80% 6.44%
6.58%
80.01% to 90% 6.94% 7.08%
Over 90% 8.87% 9.01%
INTEREST ONLY

Less than or equal to 60% 7.19% 6.92%
60.01% to 80% 7.19% 6.92%

Loan to Value Ratio (LVR)	Interest Rate (p.a.)⁺	Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60%	6.44%	6.58%
60.01% to 80%	6.44%	6.58%
80.01% to 90%	6.94%	7.08%
Over 90%	8.87%	9.01%
INTEREST ONLY
Less than or equal to 60%	7.19%	6.92%
60.01% to 80%	7.19%	6.92%

Interest rates shown are for total borrowings over $750,000 on an owner occupied loan with the Reward Me Variable Rate Home Loan.

Loan to Value Ratio (LVR)	Interest Rate (p.a.)⁺	Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60%	6.44%	6.58%
60.01% to 80%	6.44%	6.58%
80.01% to 90%	6.94%	7.08%
Over 90%	8.87%	9.01%
INTEREST ONLY
Less than or equal to 60%	7.19%	6.92%
60.01% to 80%	7.19%	6.92%

Investment

Interest rates shown are for total borrowings less than $500,000 on an investment loan with the Reward Me Variable Rate Home Loan.

Loan to Value Ratio (LVR) Interest Rate (p.a.)⁺ Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60% 6.59% 6.73%
60.01% to 80% 6.59% 6.73%
80.01% to 90% 7.34% 7.48%
INTEREST ONLY

Less than or equal to 60% 6.79% 6.82%
60.01% to 80% 6.79% 6.82%
80.01% to 90% 7.34% 7.48%

Loan to Value Ratio (LVR)	Interest Rate (p.a.)⁺	Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60%	6.59%	6.73%
60.01% to 80%	6.59%	6.73%
80.01% to 90%	7.34%	7.48%
INTEREST ONLY
Less than or equal to 60%	6.79%	6.82%
60.01% to 80%	6.79%	6.82%
80.01% to 90%	7.34%	7.48%

Interest rates shown are for total borrowings between $500,000 and less than $750,000 on an investment loan with the Reward Me Variable Rate Home Loan.

Loan to Value Ratio (LVR) Interest Rate (p.a.)⁺ Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60% 6.59% 6.73%
60.01% to 80% 6.59% 6.73%
80.01% to 90% 7.34% 7.48%
INTEREST ONLY

Less than or equal to 60% 6.79% 6.82%
60.01% to 80% 6.79% 6.82%
80.01% to 90% 7.34% 7.48%

Loan to Value Ratio (LVR)	Interest Rate (p.a.)⁺	Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60%	6.59%	6.73%
60.01% to 80%	6.59%	6.73%
80.01% to 90%	7.34%	7.48%
INTEREST ONLY
Less than or equal to 60%	6.79%	6.82%
60.01% to 80%	6.79%	6.82%
80.01% to 90%	7.34%	7.48%

Interest rates shown are for total borrowings over $750,000 on an investment loan with the Reward Me Variable Rate Home Loan.

Loan to Value Ratio (LVR) Interest Rate (p.a.)⁺ Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60% 6.59% 6.73%
60.01% to 80% 6.59% 6.73%
80.01% to 90% 7.34% 7.48%
INTEREST ONLY

Less than or equal to 60% 6.79% 6.82%
60.01% to 80% 6.79% 6.82%
80.01% to 90% 7.34% 7.48%

Loan to Value Ratio (LVR)	Interest Rate (p.a.)⁺	Comparison Rate (p.a.)^*
PRINCIPAL & INTEREST
Less than or equal to 60%	6.59%	6.73%
60.01% to 80%	6.59%	6.73%
80.01% to 90%	7.34%	7.48%
INTEREST ONLY
Less than or equal to 60%	6.79%	6.82%
60.01% to 80%	6.79%	6.82%
80.01% to 90%	7.34%	7.48%

Variable Rate Home Loan Fees & Charges

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

Upfront fees

Application Fee	$300 Payable for processing application of your loans. Charged at settlement.
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.
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)	$350 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.
Top up Fee	$150 Payable when you apply to top up your loan (6 months or more after settlement) and we agree to increase your existing loan.
Construction Fee	$250 – Contract Builder

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.

Ready to enquire about a Reward Me Home Loan?

There’s 2 ways you can get in touch with us.

Call us on 13 81 51
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Your home refinance questions answered

Chat to us today about a Reward Me Home Loan please call us on 13 81 51.
We’re available Monday to Friday 8am – 5pm (AEST) excluding public holidays.

REFINANCE HOME LOAN

Variable Rate Home Loan