Fixed rate home loan

2 Year Fixed Rate
2.29% p.a.
Comparison rate#
2.96% p.a.

Available for new owner occupied principal and interest loans with an LVR of 80% or less and total borrowings of $300,000 or more, submitted on or after 3 April 2020.

  • Competitive fixed rates
  • Ability to rate lock
  • Velocity Points on settlement2 , monthly5 and every 3 years3
  • Additional repayments up to $10,000 per annum
  • Loans with an LVR of 90% and under revert to a discounted variable rate on expiry of their fixed rate

Interest Rates

Interest rates are an important factor in most people's home loan decisions, but often it’s tricky to understand what rate you'll be able to get. Some lenders take a one size fits all approach – meaning you may not get the best fit for you.

At Virgin Money we offer competitive fixed rates for 1 to 5 year terms.  To find out what rate is applicable for you check out our rates and fees summary


Virgin Money has won the Money magazine Best of the Best Award 2020 for Cheapest Five-Year Fixed Investment Loan

Features and Benefits

Rate Lock4

Ask us to lock in a rate at the time of application for up to 100 days to protect yourself from any potential rate rises until the lending date. Fees and charges apply.

Be rewarded with Velocity Points1

Just because you have a home loan, your holiday dreams don't have to go on hold. With your Reward Me Home Loan you'll receive Velocity Points on settlement2, monthly5 and every 3 years3 – it's our way of saying thanks for being a great customer.

See how you could go from home loan to holiday with our Velocity Points Calculator

Split your borrowings for the best of both worlds

You can split and keep a portion of your borrowings with a variable rate to retain more flexibility. That way you'll have some protection if rates rise during your fixed rate period, but maintain some flexibility with the variable portion of your loan to make extra repayments or access funds through redraw if things change.

Read more about our Variable Rate Home Loan

Additional Repayments

Additional repayment up to $10,000 per annum allowed on all fixed rate terms.

Home Loan Companion Account

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. The Companion Account will make it easier to make repayments and pay any fees and charges. Plus, you can use the account to offset the interest on your 1 year fixed rate home loan or when you revert to a variable rate to help you pay the loan off sooner.

Read more about our Home Loan Companion Account

How do you earn Velocity Points?

With the Reward Me Home Loan, you don’t just earn Velocity Points upfront, you’ll earn Points for the life of your loan – now that’s refreshing.


10,000 Points for every $100,000 drawn on settlement.2

1,000 Points per month

A further 1,000 Velocity Points every month (per loan account).5

30,000 Points every 3rd year

Receive 30,000 Velocity Points every 3 years3 you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.

Where could you fly with your Velocity Points?20

89,600 Points + $282.36 Taxes, Fees & Carrier Charges

Return, Economy Reward seat Sydney to Los Angeles

35,600 Points + $296.72 Taxes, Fees & Carrier Charges

Return, Economy Reward seat Brisbane to Nadi, Fiji

150,000 Points + $678.30 Taxes, Fees & Carrier Charges

Return, Economy Reward seat Melbourne to London

Who we lend to

Our Reward Me Home Loan is available for the following purposes:

  • Individual and joint personal applicants, no companies or trusts
  • Multiple applicants and guarantors
  • Applicants with PAYG income
  • Purchase or refinance of residential property
  • Construction of residential property
  • Purchase of vacant land & construction (home & land package)
  • Property improvements (including renovations)

Fees and Charges

Below is an outline of some key fees applicable to our Reward Me Home Loan.

Key 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
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.
Ongoing fees after settlement of your loan
Home Loan Fee $10
Charged to each loan account on every repayment date (monthly)
For a full list of all fees and charges that could apply refer to our Lending and Deposits Guide to Fees and Charges.

Get started today

Virgin Money Home Loans - Download our Product Essentials Guide

Product Essentials Guide

Download our little features and benefits guide and have it handy when you meet with a broker to discuss your home loan needs

Download Reward Me Home Loan (Fixed) Product Essentials

Download Construction Loan Product Essentials

Virgin Money Home Loans - Get ready to apply

Get ready to apply

Download our checklist to ensure that you have everything ready to make applying for a home loan as easy and quick as possible

Download Virgin Money Home Loan Checklist 

Virgin Money Home Loans - Apply with a mortgage broker

How to apply

Get in touch with us

Learn more about home loans

Why Virgin Money Home Loans?

We thought it was time Virgin Money shook up the home loan market. So we created a home loan that works hard for you in many ways:

At last, a home loan that rewards me

When was the last time your bank thanked you? Our Reward Me Home Loan is all about giving our customers something back. Rewarding our customers for their loyalty with Velocity Points along the way, exclusive Virgin Money bundle offers just for home loan customers and as part of the Virgin family you'll also have access to other great benefits across the Virgin group as well.

We recognise your value

We like to recognise the value of our customers, that’s why we offer discounted variable interest rates based on loan size and loan-to-value ratio.

We'll tell it like it is

We're taking a stand against jargon, hidden charges and broken promises. So we're not going to bamboozle you with information. Instead we promise to be straight up and keep it simple.

We're small enough to be different with a bank by our side

We're a well-known & trusted brand established to shake up the market and provide a real alternative to the Big 4 Banks. By teaming up with Bank of Queensland, one of Australia’s leading regional banks, we offer stability and solidity, along with Virgin’s renowned ability to do things differently and better.

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Call us

If you’re ready to apply for a Reward Me Home Loan please call us on 13 81 51
We’re available Monday to Friday 8am – 6pm (AEST) excluding public holidays.