Limited time
bonus Velocity
Points offer6

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. Others advertise one rate and have a few more hidden in their back pocket....if you know how to ask.

We like to keep it simple and tell it like it is. We also like to recognise and reward your value to us, with discounted variable interest rates based on loan size and loan-to-value ratio. To find out what rate is applicable for you check out our rates and fees summary.

Features and Benefits

Competitive interest rates

We recognise and reward the value of our customers with discounted variable interest rates based on loan size and loan-to-value ratio.

Make every dollar count with mortgage offset

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. Every dollar that you keep in this account offsets the interest costs on your variable rate loan, so it reduces the amount of interest you'll have to pay on your home loan and will help you pay it off sooner. Now, that makes perfect sense!

As long as you have a positive balance in this account, you won't be charged any ongoing fees for maintaining it. We'll use this account to debit ongoing fees and charges across your loans and you can use it to make the repayments on your loan.

Read more about our Home Loan Companion Account

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 borrowings

You can split your borrowings and lock in a portion of your loan with a fixed rate to get repayment certainty over a fixed period. That way you'll have some protection if rates rise during that 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 Fixed Rate Home Loan


If you're ahead of your minimum repayments, you can redraw those funds online at any time (minimum redraw amount $100) with no extra charges.

No application fees

There are no application fees on our variable rate loan. For other key fees and charges applying to your loan, refer to our Fees and Charges section below.

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.

Bonus Points

Borrowing $300,000 or more? Get 100,000 bonus Points after settlement.6

Or if you’re borrowing $1,000,000 or more? Get 200,000 bonus Points after settlement.6


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 + $281.16 Taxes, Fees & Carrier Charges

Return, Economy Reward seat Sydney to Los Angeles

35,600 Points + $326.32 Taxes, Fees & Carrier Charges

Return, Economy Reward seat Brisbane to Nadi, Fiji

150,000 Points + $648 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
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.
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 (Variable) 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.

Talk to us

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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.