Lite Home Loan
Our Lite Home Loan has all the green flags – flexible, rewarding and competitive. Skip the landlord and be the main character.{sub-heading}
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Variable rate+
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Comparison rate*
Competitive rates
Looking for competitive home loan rates in Australia? We’ve got you.
3. Available for new owner occupier, principal & interest loans, Minimum loan size $150K, max 80% LVR11.
4. Available for new 2yr fixed owner occupier, principal & interest loans, min loan $20k, max 80% LVR11.
Features and benefits
Our home loans are built to help you get the most of your home loan. Straight up – more value, more flexibility, more rewards.
Maximise your perks
Earn 1,000 Points every month – then turn them into travel, gift cards, or even cash straight into your account.14
Pay down your loan sooner
Got some extra cash? With our variable rate home loan, you can make unlimited extra repayments and shave time (and interest) off your loan.13
Lock in your rate – or do the splits
Split your loan into fixed and variable portions – lock in a low rate on one part, and keep the freedom of a variable rate on the rest. Win-win.
Get discounts based on loan size and deposit
Get rewarded with discounted rates based on your loan size and loan-to-value ratio (the size of your deposit vs. your home’s value).
Redraw your home loan
Made extra repayments but need the cash back? Easy. With our variable rate home loan, you can redraw anytime with no extra charges (minimum $100).
Talk to a home loan specialist
Our experts can guide you through every step of the journey.
Variable Rate Home Loan rates and fees
Our Reward Me Variable Rate Home Loan offers competitive Owner Occupied and Investment home loan rates.
Rates
For a full list of fees and charges that could apply refer to our fees guide below.
Lending and Deposits Guide to Fees and Charges.{link-button}
Rates
For a full list of fees and charges that could apply refer to our fees guide below.
Lending and Deposits Guide to Fees and Charges.{link-button}
Fees
For a full list of fees and charges that could apply refer to our fees guide below.
Lending and Deposits Guide to Fees and Charges.{link-button}
$0
No ongoing fees. Just more money in your pocket to spend on the things you love.
$150
Payable for completing settlement of your loans
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.
$750
If you make a rate lock request after the settlement date, payable at the start of the fixed interest
rate period if it starts before the rate lock expiry date.
Our handy tools
Useful for first time buyers
Ready to level-up to home ownership? Get ready with our handy calculators. Crunch some numbers, plan your budget, and find the best home loan rates.
Deposit & Savings Goal Tracker
Helps buyers understand how much they need to save for a deposit and how long it will take.
Stamp Duty Calculator
Helps buyers understand how much they need to save for a deposit and how long it will take.
Property Purchase Cost Estimator
Helps buyers understand how much they need to save for a deposit and how long it will take.
FAQs
If you can’t find the answer to your question here, there’s more support available. {sub-heading}
What is redraw?
Redraw gives you access to any extra repayments you've made on your home loan. By making additional repayments, you reduce your loan balance, which means paying less interest over time. And if you have a variable rate home loan and need to use those funds later, they’re there when you need them.
If you have a fixed rate home loan you won't be able to access redraw during the fixed period.
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.
What is a 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.
Contact us
Find support, contact details & important information.{sub-heading}