Fixed Rate Home Loan

1.98% p.a.
2-year Fixed Rate*
2.66% p.a.
Comparison rate#
Fixed
Terms of 2 to 5 years available

*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 June 2021.

Features and benefits

Lock it in (or part of it)

Want the best of both worlds? Why not split your loan in to a variable and fixed portion. You’ll get the security of a low fixed rate for a portion of your loan and all the benefits and flexibility of a variable rate for the other portion. It’s win win. Find out more with our split home loan calculator.

Astounding offset account

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. You can use this account to offset the interest you will pay when your fixed rate loan reverts to a variable rate loan, helping you pay off your loan sooner. Plus, the Companion Account will make it easier to make repayments and pay any fees and charges. Read more about our Home Loan Companion Account.

Pay off your loan sooner

All of our fixed rate home loans come with the ability to make additional repayments, you can make repayments of up to $10,000 per anniversary, giving you the ability to pay off your loan sooner. Find out more with our additional repayments calculator.

Rate Lock4

Like the rate you see when you apply? You can lock in an interest rate applicable as of the rate lock request date for up to 100 days, provided that you loan settles within 100 days from the request date, so that you can protect yourself from any potential rate increases. Fees and charges apply.

Ready to get started?    Enquire now   Call us on 13 81 51


$3,000 home loan cashback offer

Get a little something back with $3,000 home loan cashback38 when you refinance with us. T&Cs apply.

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$2,000 cashback offer46

Get $2,000 cashback46 when you keep your Home Loan with us. T&Cs apply.

 

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Fixed Home Loan rates and fees

Our Reward Me Fixed Rate Home Loan offers competitive Owner Occupied and Investment home loan rates.

  • Owner Occupied

    Principal and Interest (up to 90% LVR)

    Interest rates shown are for a Principal and Interest (up to 90% LVR) owner occupied loan with the Reward Me Fixed Rate Home Loan.

    Term Rate (p.a.) Comparison Rate (p.a.)#
    2 year Fixed

    2.53%

    1.98% special (for new applications received from 3 June 2021 with total new borrowings of $300,000 or more and up to 80% LVR).

    2.78%

    2.66%

    3 year Fixed

    2.89%

    2.09% special (for new applications received from 30 July 2021 with total new borrowings of $300,000 or more and up to 80% LVR)

    2.83%

    2.64%

     

    4 year Fixed

    2.59%

    2.29% special (for new applications received from 3 June 2020 with total new borrowings of $300,000 or more and up to 80% LVR

    2.76%

    2.66%

    5 year Fixed

    2.89% 

    2.49% special (for new applications received from 3 June with total new borrowings of $300,000 or more and up to 80% LVR)

    2.88%

    2.72%

    At the end of any fixed rate period, loans revert to the current Virgin Money Variable Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

    Principal and Interest (over 90% LVR)

    Interest rates shown are for a Principal and Interest (over 90% LVR) owner occupied loan with the Reward Me Fixed Rate Home Loan.

    Term Rate (p.a.) Comparison Rate (p.a.)#
    2 year Fixed 3.23% 4.52%
    3 year Fixed 3.59% 4.50%
    4 year Fixed 3.09% 4.26%
    5 year Fixed 3.39% 4.27%

    At the end of any fixed rate period, loans revert to the applicable Virgin Money Variable Rate plus a margin of 0.50%p.a.

    Interest Only

    Interest rates shown are for a interest only owner occupied loan with the Reward Me Fixed Rate Home Loan.

    Term Rate (p.a.) Comparison Rate (p.a.)#
    2 year Fixed 2.59% 3.40%
    3 year Fixed 3.69% 3.61%
    4 year Fixed 3.79% 3.67%
    5 year Fixed 3.89% 3.74%

    At the end of any fixed rate period, loans revert to the current Virgin Money Variable Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

  • Investment

    Principal and Interest (maximum LVR 90%)

    Interest rates shown are for a Principal and Interest investment loan with the Reward Me Fixed Rate Home Loan.

    Term Rate (p.a.) Comparison Rate (p.a.)#
    2 year Fixed

    2.70%

    2.39% special (for new applications received from 3 June 2021 with total new borrowings of $300,000 or more and up to 80% LVR)

    2.90%

    2.85%

    3 year Fixed

    2.93%

    2.48% special (for new applications received from 30 July 2021 with total new borrowings of $300,000 or more and up to 80% LVR)

    2.95%

    2.84%

    4 year Fixed 2.78% 2.92%
    5 year Fixed 2.88% 2.96%

    At the end of any fixed rate period, loans revert to our current Virgin Money Variable Investment Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

    Interest only (maximum LVR 90%)

    Interest rates shown are for a interest only (maximum LVR 90%) investment loan with the Reward Me Fixed Rate Home Loan.

    Term Rate (p.a.) Comparison Rate (p.a.)#
    2 year Fixed

    2.94%

    2.59% special (for new applications received from 3 June 2021 with total new borrowings of $300,000 or more and up to 80% LVR)

    3.02%

    2.96%

    3 year Fixed

    3.14%

    2.64% special (for new applications received from 30 July 2021 with total new borrowings of $300,000 or more and up to 80% LVR)

    3.08%

    2.96%

    4 year Fixed 2.78% 2.99%
    5 year Fixed 2.88% 3.02%

    At the end of any fixed rate period, loans revert to the applicable Virgin Money Variable Investment Rate minus a discount based on the overall amount borrowed and the loan to value ratio (LVR) at loan approval.

Fees

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
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.

Rate locker 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.

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 fees and charges that could apply refer to our Lending and Deposit Guide to Fees and Charges.

Download the key facts sheet

Ready to get started?    Enquire now   Call us on 13 81 51

 

FAQs

Still have some questions? Let’s see if we can answer them for you now.

  • Q. What is a fixed rate home loan?

    A fixed rate home loan is a home loan with an interest rate that doesn’t change for an agreed period (also called a ‘term’). We offer fixed rate home loans with terms of 2–5 years.  After this period, the rate will revert to an applicable variable rate, unless you enter into another fixed-term contract.

    The main advantage of a fixed rate home loan is certainty. You can plan for the future, knowing that your repayments will stay the same during that period, and budget accordingly.

  • Q. How do fixed rate home loans work?

    The interest rate for a fixed rate loan remains fixed for the agreed term of the loan. Fixed interest rates resist any fluctuations and volatility in the economy during the fixed rate term, such as a shift in the cash rate set by the Reserve Bank of Australia. It means that the monthly loan repayments will remain the same during the fixed term.

    In contrary, variable interest rates could change with economic growth and contraction. Hence, the decision on whether or not to choose a fixed rate loan will depend on the term of the loan as well as your personal and financial circumstances.

  • Q. Should I choose a variable or fixed rate?

    To fix or not to fix: that is the question. The decision can make a big difference to the life of your home loan. Find out more about whether a fixed rate home loan is right for you.

  • Q. Can I change my home loan from fixed to variable?

    You can switch from a fixed rate to a variable rate home loan during your fixed rate period. However, keep in mind that the break costs apply. Find out more about breaking a fixed rate home loan.


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