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}

Variable rate offer

  • {hlx-rates || 98026|| Rate}p.a.%3

    Variable rate20

  • {hlx-rates || 98026|| Comparison Rate} p.a.%

    Comparison rate21

Available for new Owner Occupier, principal & interest loans, Minimum loan size $150K, max 80% LVR11.

Enquire now

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Repayments = rewards

Earn Virgin Money Points every month just for repaying your home loan on time14

Virgin Money Rewards

Hold the annual fees

No annual fees. Just more money in your pocket to spend on the things you love.

Find out more

Pay your loan off pronto

Make extra repayments on a variable rate loan anytime, fee free with no limits and dip back in when you want the money.13

Find out more

Our Lite Home Loan rewards you on the go

On top of great rates and low fees, our Lite Home Loan also rewards you with ongoing points just for making your monthly repayments on time14. Use our calculator to suss out your points-earning potential.

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Competitive rates

Looking for competitive home loan rates in Australia? We’ve got you.{sub-heading}

{empty}
Variable rate offer
Fixed 2 yr rate offer
Rate
Minimum $150k loan, up to 80% LVR

[br]

{hlx-rates || 98026|| Rate}%3 p.a.{rate-display}

variable rate20
Minimum $20k loan, up to 80% LVR

[br]

{hlx-rates || 105541 || Rate2Yr_Fixed}%4 p.a.{rate-display}

fixed 2 year rate
Comparison

{hlx-rates || 98026|| Comparison Rate}% p.a.{rate-display}

comparison rate21

{hlx-rates || 105541 || Rate2Yr_Fixed_AAPR}% p.a.{rate-display}

comparison rate21

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, Minimum loan $20k, max 80% LVR11.

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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.{sub-heading}

Maximise your perks

Earn 1,000 Points every month – then turn them into travel, gift cards, or even cash straight into your account.14

Read more about ways to redeem points

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Pay down your loan sooner

Got some extra cash? Choose a variable loan and you can make unlimited extra repayments and shave time (and interest) off your loan.13

Additional repayments calculator

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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.

Split home loan calculator

Redraw your home loan

Made extra repayments but need the cash back? Easy. With our variable rate home loan, you can redraw whenever you need.

Talk to a home loan specialist

Our experts can guide you through every step of the journey.{sub-heading}

Enquire now

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Lite home loan rate rundown

We keep our rates competitive and our fees to a minimum, because there’s nothing more rewarding than feeling like you got a great deal on your home loan. Apart from maybe all the points you’ll earn.{sub-heading}

Owner Occupier

Found a place you want to call home? Check out our competitive rates for owner-occupiers.

Owner Occupier - Variable <$150K

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Owner Occupier - Variable >$150K

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Owner Occupier - Fixed LVR 0% to 60%

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Owner Occupier - Fixed LVR 60.01% to 70%

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Owner Occupier - Fixed LVR 70.01% to 80%

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Owner Occupier - Fixed LVR 80.01% to 90%

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Owner Occupier - Fixed LVR 90.01% to 95%

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Owner Occupier

Investor

Buying or refinancing a place to rent out?  We’re invested in making investing more rewarding for you.

Investor - Variable <$150K

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Investor - Variable >$150K

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Investor - Fixed LVR 0% to 60%

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Investor - Fixed LVR 60.01% to 70%

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Investor - Fixed LVR 70.01% to 80%

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Investor - Fixed LVR 80.01% to 90%

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Investor - Fixed LVR 90.01% to 95%

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Investor
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Lite on fees

With no annual fee, you get to keep more of your money. For a full list of fees and charges that could apply refer to our fees guide below.{sub-heading}

Key upfront fees {colspan-2 text-center}
Annual fee
$0
Settlement fee

$150

to prepare your loan documents and settle your home loan.

Valuation fee
We will cover valuation costs up to $300
Rate lock fee

$750

Payable if you elect to lock in your interest rate on a fixed rate loan. We will 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 is current on the day of settlement will apply.

Government fees and charges
These fees are calculated at the time of your application and may include land title search fee, mortgage discharge fee, mortgage registration fee.

Depending on how you use your loan, you may have to pay other fees and charges.

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Banking calculators & tools

We love making things easy! Our tools and calculators help you work out all the important home loan stuff.{sub-heading}

How much can I borrow?

Calculate how much you may be able to borrow for your home loan based on your income and expenses.

Calculate amount

How much can I save?

Increasing or making extra repayments could help you pay off your home loan sooner.

Calculate savings

Compare home loans.

See the financial differences between a fixed rate home loan and a variable rate home loan.

See your total buying costs

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Lite home loan support and FAQs

Here you'll find all your home loan questions answered!{sub-heading}

View all FAQs

What is an offset account?

Make every dollar count by offsetting funds against the outstanding balance on your Loaded Home Loan. Every dollar that you keep in your linked Virgin Money Go Account reduces the amount of interest you'll have to pay on your linked home loan.

An offset is created by taking the daily closing balance in your Virgin Money Go Account and calculating it against the annual percentage rate applied to your home loan.

Daily closing balance x interest rate (per annum){text-center}

Number of days in the year (365 days){text-center}

This will then offset against the daily interest charged on your linked Loaded Home Loan and reduce the amount of interest you pay on your loan.

Offset is only available on variable rate Loaded Home Loans. If your loan is on a fixed rate, you won't be able to use offset until the end the fixed rate period when the loan reverts to a variable rate.

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 dip into those funds later and, they’re there when you need them.

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?

A fixed rate home loan is a mortgage where the interest rate is fixed for a set period of time. This means that your monthly repayments will stay the same during this period.

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 on whether a fixed rate home loan is right for you.

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 home loan key fact sheet?

You can access a home loan key fact sheet here.

How do I speak to someone about my existing home loan?

13 81 51

General enquiries | Home loan & offset account

Monday to Friday 8am - 6pm (AEST/AEDT)

Saturday 8am - 5pm (AEST/AEDT)

Excluding public holidays.

1800 701 997

Financial Hardship Assistance

Monday to Friday 8.30am - 5pm (AEST/AEDT)

Excluding public holidays.

View support page

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Get in touch

Find support, contact details & important information.{sub-heading}

View all contact information

Talk to a lending specialist

Our experts have got you covered. They’re on hand to guide you through every step of the journey. Just fill in the form and our home loan experts will aim to contact you within 24 hours.

Enquire now

Important information

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