Virgin Money

• Home loans up to $800,000
• Low-interest starting from 2.74%
• Repayment up to 30 years

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Virgin Money - They are reliable

They are a reliable and well-known brand established to shake up the market providing alternatives to the bigger Banks.

Virgin Money has teamed up with the Bank of Queensland which is one of Australia’s leading regional banks in order to offer you stability and solidity together with their renowned ability to do things a bit differently and better. They allow you to quickly and easily apply for a loan online through their online platform. 

Talk to them about - Flexible rate home loans and home loan rewards and benefits

• They are a bit different in terms of giving something back as you can see in their Reward Me Home Loan which was built to recognise the value of their customers and to say thank you for your loyalty.
• Discounts on their flexible rates – this depends on your loan to the ratio as well as the size of your loan.
• Earn Velocity Points – this is one way of saying thank you for being a great customer. Points on a settlement points every 5 months and points end every 3 years
• Exclusive Virgin Money offers – They offer insurance and credit card products exclusively for home loan customers.
• Virgin family perks – you have the right to use red-hot offers and involvements from other Virgin family businesses in Australia.
• Supercharge your Velocity Points balance by making use of their insurance and credit card offers, this offer is exclusive for Reward Me Home Loan customers and make use of their calculator and see how many points you are able to earn.
• Plus you could continue earning Velocity Points on your loan as you go along. They have only shown you the first 10 years in this example.

Who they lend to

Virgin Money Reward Me Home Loan and related property finance products are available for the following purposes:

Any individual and or joint applicants but they do not accept companies or trusts, multiple applicants, and guarantors, all applicants with a PAYG income, and any person who wants to purchase or refinance the residential property and the construction of the residential property.

Plus, the Home & land package, the purchase of vacant land & construction and this includes property investment & renovations Australian Government regulations stop you from accessing your super benefit until such time that you retire from the workplace and have reached your preservation age.  You are able to access your super in the following situations although conditions may apply.

Should you leave employment and you have less than $200 in your benefit. Should you leave profitable employment after the preservation age which is generally 60 years of age but you can take a look at your preservation age in their FAQ.

Should you become permanently disabled, terminally ill, or have experienced severe financial struggles and you do meet certain requirements. Should you be in need of cash and you have compassionate grounds, this was approved by the Prudential Regulation Authority. If you are a short-term resident and have a specified class of visa and you’re permanently departing from Australia. You’re a short-term resident on a specified class of visa and you permanently depart Australia.

Virgin Money is a trusted & reliable provider of home loans

In our review, Virgin Money adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Virgin Money is a registered credit provider in Australia: ACL 238098