Virgin Money home loans

Virgin Money
Virgin Money's overall rating for home loans

(as rated by the Mozo community)

9.0 / 10

based on 1 reviews

Virgin Money is an Australian financial services business, which operates under the well-known Virgin brand. Virgin Money is taking a stand against banking jargon and tricky contracts, by bringing customers transparent, easy to understand home loan offers. Check them out below.

Rates and fees verified as correct at 06 December, 2016. Other information correct at the time of writing.

What home loans do Virgin Money offer?

Fixed Rate Home Loans Fixed Rate Home Loans

When you take out a fixed rate home loan from Virgin Money, there are a number of different rate tiers, depending on both your LVR and how much you want to borrow. LVRs range up to 95%. You’ll also be able to make fee free extra repayments up to $10,000 p.a., and if you choose a 1 year fixed term, you’ll have the use of an offset account. Remember that there are both upfront and monthly fees to consider - but the good news is, you can also earn velocity points on your home loan.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.99% p.a.

4.38% p.a.

$10.00 monthly

$150

3.99% p.a.

4.34% p.a.

$10.00 monthly

$150

3.99% p.a.

4.31% p.a.

$10.00 monthly

$150

3.99% p.a.

4.20% p.a.

$10.00 monthly

$150

3.99% p.a.

4.16% p.a.

$10.00 monthly

$150

3.99% p.a.

4.12% p.a.

$10.00 monthly

$150

3.79% p.a.

4.07% p.a.

$10.00 monthly

$150

3.79% p.a.

4.03% p.a.

$10.00 monthly

$150

3.79% p.a.

4.00% p.a.

$10.00 monthly

$150

3.79% p.a.

4.25% p.a.

$10.00 monthly

$150

3.79% p.a.

4.22% p.a.

$10.00 monthly

$150

3.79% p.a.

4.18% p.a.

$10.00 monthly

$150

3.79% p.a.

3.92% p.a.

$10.00 monthly

$150

3.79% p.a.

3.89% p.a.

$10.00 monthly

$150

3.79% p.a.

3.85% p.a.

$10.00 monthly

$150


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Variable Rate Home Loans Variable Rate Home Loans

Like the fixed rate alternative, different loan amounts and LVRs will attract different interest rates on your variable rate Virgin Money home loan. You’ll be able to borrow up to 95% of the property’s value, depending on which offer you choose. In terms of features, you can make unlimited fee-free extra repayments and free redraws (minimum applies) as well as use an offset account to keep costs low. And remember with this home loan you also have the chance to cash in on velocity points. Just keep in mind there are monthly and upfront fees to budget for.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.34% p.a.

4.47% p.a.

$10.00 monthly

$150

4.29% p.a.

4.42% p.a.

$10.00 monthly

$150

4.24% p.a.

4.37% p.a.

$10.00 monthly

$150

4.09% p.a.

4.22% p.a.

$10.00 monthly

$150

4.04% p.a.

4.17% p.a.

$10.00 monthly

$150

3.99% p.a.

4.12% p.a.

$10.00 monthly

$150

3.99% p.a.

4.12% p.a.

$10.00 monthly

$150

3.94% p.a.

4.07% p.a.

$10.00 monthly

$150

3.89% p.a.

4.02% p.a.

$10.00 monthly

$150

4.24% p.a.

4.37% p.a.

$10.00 monthly

$150

4.19% p.a.

4.32% p.a.

$10.00 monthly

$150

4.14% p.a.

4.27% p.a.

$10.00 monthly

$150

3.79% p.a.

3.92% p.a.

$10.00 monthly

$150

3.74% p.a.

3.88% p.a.

$10.00 monthly

$150

3.69% p.a.

3.83% p.a.

$10.00 monthly

$150


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Virgin Money home loan features in a glance

Free extra repaymentsFree extra repayments

Pay off your home loan quicker by making fee-free extra repayments. Just remember, that while these are unlimited on variable rate options, additional repayments are capped at a value of $10,000 p.a. on fixed rate options.

Velocity pointsVelocity points

Love your rewards points? With a home loan from Virgin Money you can earn 10,000 Velocity Points for every $100,000 drawn at settlement, 1,000 points every month and 30,000 every 3 years for long as your loan balance remains above $50,000.

Flexible repayment scheduleFlexible repayment schedule

Your repayments can be monthly, fortnightly or weekly - whatever suits your budget.

How are Virgin Money home loans rated?

Check out our customer review section to find out how regular Aussies think Virgin Money home loans stack up in areas like trust, price, customer service and convenience.

Virgin Money home loans

Overall 9.0*

Price

Features

Customer service

Convenience

Trust

1 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Virgin Money home loan reviews Recent Virgin Money home loan reviews

Virgin Money

Virgin Money home loan review

Overall rating   9 / 10

Competitive rates; easy to use online access

They offer very competitive interest rates and fees; easy to use online systems; better than other banks with information and over the phone assistance. Have never had anything that I can complain about with Virgin Money in over seven years of...

Full review

They offer very competitive interest rates and fees; easy to use online systems; better than other banks with information and over the phone assistance. Have never had anything that I can complain about with Virgin Money in over seven years of being with them.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Debbie (QLD), reviewed over 3 years ago

Virgin Money

Virgin Money home loan review

Overall rating   7 / 10

Great rates and compassionate service

We have had four providers over the life of our mortgage and found Virgin to be the best. We have access to the redraw facility, and at one stage, needed a mortgage "holiday', which was well received and met with compassion and helpfulness. I...

Full review

We have had four providers over the life of our mortgage and found Virgin to be the best. We have access to the redraw facility, and at one stage, needed a mortgage "holiday', which was well received and met with compassion and helpfulness. I would definitely recommend Virgin Money especially as they are quick to pass on any interest rate cuts.

    Price   7 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   4 / 10

Less

Caroline (WA), reviewed almost 4 years ago

Virgin Money

Virgin Money home loan review

Overall rating   10 / 10

I have been holding home loan with Virgin Money for years now and have never had any problems whatsoever. After 3 Years of loyalty we've got discounted interest rate and there are no fees at all.

Full review

I have been holding home loan with Virgin Money for years now and have never had any problems whatsoever. After 3 Years of loyalty we've got discounted interest rate and there are no fees at all.

    Price   10 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Vojkan (VIC), reviewed almost 5 years ago

Virgin Money

Virgin Money home loan review

Overall rating   6 / 10

Good and simple, no bells and whistles. They are no longer doing home loans I believe, but ongoing customer support is quite good I must say.

Full review

Good and simple, no bells and whistles. They are no longer doing home loans I believe, but ongoing customer support is quite good I must say.

    Price   7 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   6 / 10

Less

Janine (WA), reviewed over 5 years ago

Virgin Money

Virgin Money home loan review

Overall rating   6 / 10

No instant updating of transaction balances

Full review

No instant updating of transaction balances

    Price   9 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   3 / 10

    Trust   8 / 10

Less

Julie (NSW), reviewed over 5 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Virgin Money home loan? What do you need to apply for a Virgin Money home loan?

You can apply for a Virgin Money home loan via a broker on their website. For this, you’ll just need your personal contact details, but when you actually fill out the loan application, here are a few things you might need:

  • I.D. - your passport or driver's licence is a good bet
  • Employment details, including proof of salary
  • Living expense details
  • Details of your assets including, savings shares or property
  • Details of debts, including other loans, overdrafts, or credit cards
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