Free yourself with a home loan that fits
Refinance your home loan and enjoy the benefits of property ownership with extra rewards.
Earn points just for paying your home loan
Earn Virgin Money Points every month, just for repaying your home loan on time.16
Pay your loan off pronto
Make extra repayments fee-free with no limits and withdraw them whenever.13
Wait less for yes
Get faster application decisions when you refinance, plus mobile banker support.
Why refinance with Virgin Money
Our home loans are designed to give you more. Refinancing could get you those freebies, better value, and more rewards. {sub-heading}
Pay down your loan sooner
Got some extra cash and want to pay down your loan faster? Our variable rate home loan lets you make unlimited repayments off your loan.
Lock in your rate – or part of it
Mix it up with a split loan - part variable, part fixed. Get the security of a low fixed rate for part of your loan and all the benefits and flexibility of a variable rate for the rest. Win-win.
Get discounts based on loan size and deposit
Get recognised and rewarded with discounted rates based on your loan size and loan-to-value ratio (in other words, the size of your deposit compared to the value of your home).
Redraw your home loan
Made some extra payments but now you want to access the cash? No worries. You can redraw on those funds from your variable rate home loan at any time with no extra charges (minimum redraw $100).
Maximise your perks
We’ll start you off with a sweetener at your home loan settlement and then reward you every month after that. It’s our way of saying thank you for having your home loan with us.
Want to talk to a home loan specialist?
Our experts have got you covered. They’re on hand to guide you through every step of the journey.
Low fees
See the full list of fees for our Lite and Loaded home loans in our Lending and Deposits Guide
Annual fee
Payable for the first time on the settlement date and then on or about every anniversary of the settlement date. We may waive this annual fee if you’re already paying an annual fee on another Loaded Home Loan held in the same name and capacity
Settlement fee
To cover preparation of your loan documents and settle your home loan.
Rate lock
This is the fee if you choose to lock in your interest rate on a fixed rate loan. We’ll 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 applies will be the rate on the date of settlement.
Even more handy tools
Money made simple
Use our handy calculators to track your cash and keep more of it where it belongs – with you. {sub-heading}
Split home loan
Split your home loan into fixed and variable rate parts to keep your repayments more flexible.
Lump sum payment
Got extra cash? Put it toward your loan and check how much quicker you could pay it off and save on interest.
Principal and interest calculator
Calculate how much of your repayment goes towards paying off your loan and how much is interest.
Frequently asked questions
If you can’t find the answer to your question here, there’s more support available. {sub-heading}
What does ‘refinancing’ mean?
How do variable interest rates work?
A variable interest rate is a rate that could move up and down at any time. The variable interest rate a bank offers could be affected by a number of factors, including the official cash rate set by the Reserve Bank of Australia (RBA) as well as higher or lower funding costs for the lender.
You can use a Mortgage Repayment Calculator to estimate repayments and interest charges over the life of a loan.
Should I choose a variable or fixed rate?
What is Virgin Money Rewards?
Virgin Money Rewards is our loyalty program designed with you in mind. Our goal is to recognise and reward you for who you are, and to help you create better money habits. It’s about giving you a rewarding banking experience every day, not just someday.
How do I access my account?
You can access your account on the Virgin Money app.
Download the Virgin Money app, or join online, and sign up in minutes. Literally.
(Have your favourite type of Australian ID handy.)
How do I request a key fact sheet?
Learn more
Didn’t find what you were looking for? Go to our help and support page to find out more.{sub-heading}
Contact Us
Questions? We’re here to help with anything from setup to rewards. Get in touch today. {sub-heading}
Important information
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
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- 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.
- Available for new Virgin Money Lite 2 year fixed owner occupier, principal and interest loans, min loan $20k, max 80% LVR.
- 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.
- Available for new Virgin Money Loaded 2 year fixed owner occupier, principal and interest loans, min loan $20k, max 80% LVR.
- 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.
- 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).