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Virgin Money Home Loan 2.09% Fixed 2 or 3 Years Owner Occupied P&I + $2500 Virgin Rebate

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Virgin Money Home Loan 2.09% Fixed 2 or 3 Years Owner Occupied P&I + $2500 Virgin Rebate
Go to Deal
AssociatedLen -Bundle Loans @ Bundle Property Home Loans on 07/09/2020 - 14:07 virginmoney.com.au (210 clicks)
Last edited 07/09/2020 - 15:28 by 1 other user

Virgin Money is decreasing 2 and 3 yr fixed rates for new lending. This is a new offer.

If you see other offers on Ozbargain, contact us to obtain a price beat guarantee on the same product. eg broker rebate up to 0.4%+. Ozbargain does not allow brokers to post duplicate offers if already posted, but most brokers have access to all the same lenders and products.

2.09% (CPR 2.71%) owner occupied 2 or 3 year fixed p&I
- not advertised on website, Limited time only
- loans $300k +, <80% and < 6 x DTI (debt ie loan size to income ratio)

PLUS
$2500 Virgin refinance cashback to end by 29th November 2020, with loans now required to settle by 28th February 2021:
Offer applies to a minimum loan amount of $300,000 and up to 80% LVR
Offer applies to new borrowings only
Customers will need to open a companion account alongside their loan. The $2,500 cashback² payment will be credited to the companion account.

PLUS
Up to 0.4% Broker Rebate for purchase or refinance (available via Broker only, not via the bank).
In ADDITION to bank rebates, we have up to 0.4% rebate of loan size (net of offset ie balance owing) for ANY bank or product (Paid 50/50 at 2 and 24 months after settlement).

$200k x 0.2% = $400 Broker cash rebate
$300k x 0.3% = $900 Broker cash rebate
$500k x 0.3% = $1,500 Broker cash rebate
$1m + x 0.4% = $4,000 Broker cash rebate

We have access to other $3,000 bank rebate per property including big 4 banks, discounts of up to 2.10%, $1 LMI for first home buyers and $2,000 purchase rebates.

Let me know if we can help.

Len
Bundle Property Home Loans
T: (02) 9698 7186
M: 0422354868
E: [email protected]
ACL 445947

Referral Links

Referral: random (292)

Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).

Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.

Financial Cashback Home Loan Loan

Related Stores

Virgin Money
Virgin Money
Bundle Property Home Loans
Bundle Property Home Loans
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closed Comments

  • wisc on 07/09/2020 - 14:12
    -4

    meh, loans.com.au

    1.99% p.a. variable for 12 months and then 2.48% p.a. variable

    couple more here as well under 2% for fixed…
    https://www.ratecity.com.au/home-loans/fixed-rate?sortBy=adv…

    • AssociatedLen -Bundle Loans @ Bundle Property Home Loans on 07/09/2020 - 14:17
      +1

      Virgin is offering $2500k bank rebate plus broker rebate, I don't think online ones are.
      Best avoid a 'honeymoon' rate in case you can't refinance in 12 months due to loss of job/income cuts etc

      • wisc on 07/09/2020 - 14:19
        -3

        edit your advert and check the associated box.

        Also comparative rate with the 2500 rebate would still be higher.

        • AssociatedLen -Bundle Loans @ Bundle Property Home Loans on 07/09/2020 - 14:39
          +1

          Every broker on ozb has explained the CPR concept - it is misleading/irrelevant if your loan size is not $150k over 25 years.
          Always look at actual fees, not CPR.

          • wisc on 07/09/2020 - 15:49
            -2

            @Len -Bundle Loans: As i'm sure your well aware, Comparative rate includes things like annual fees, account fees, setup fees ect, if you don't believe comparative rate is not important, tell you what, i'll provide a fixed loan at 0% interest!!!! up to 500K, (fine print, 1,000,000 monthly account keeping fees. 500K setup fee.)

    • kasp on 17/09/2020 - 12:25
      +1

      loans.com.au sucks.

      Went there as they were the cheapest and well the rate I was paying by the end with all the increases and not passing on cuts was 3.2 while everywhere else was 2.69. When I called up and complained they so graciously offered me a 0.01% discount.

      So unless you really plan on changing in 2 years when they nickle and dime you find somewhere else.

      • wisc on 18/09/2020 - 13:43

        thanks for the feedback

      • megadeth on 18/09/2020 - 22:59

        +1 They gave me 0.06% discount but it's still expensive and I'll be ditching them very soon.

  • jv on 07/09/2020 - 14:14
    -1

    I'm pretty sure voting +ve on your own advertisement is against the posting rules.

    jv on 07/09/2020 - 14:14 (Collapsed - Offtopic. Show)
    • wisc on 07/09/2020 - 14:15
      -3

      yep, they didnt mark themselves as associated/affiliate. etc (I've also reported)

    • [Deactivated] on 07/09/2020 - 16:36

      Actually, OzBargain automatically adds a positive vote by the deal poster when the deal is created. Even for associated posters.

      • Moderatorhamza23 on 07/09/2020 - 16:48

        The automatic positive vote doesn't apply to associated posters.

        In this case it's a third party post so the + vote is still automatically added by the system, that is by design.

        • [Deactivated] on 08/09/2020 - 07:31

          Ah, thanks for the clarification.

  • AssociatedLen -Bundle Loans @ Bundle Property Home Loans on 07/09/2020 - 14:30
    +2

    The link is to Virgin and not our own broker site. We didn't +1, it auto does it.
    Per guidelines we have previously been requested by mods not to tick the 'associated' box.

    Len -Bundle Loans @ Bundle Property Home Loans on 07/09/2020 - 14:30 (Collapsed - Offtopic. Show)
    • jv on 07/09/2020 - 14:42
      -3

      Are you profiting from this?

      If so, you should not be voting on your on deal…

  • Phoebus on 07/09/2020 - 14:55
    -1

    Rates are going down. Why would you want a fixed rate?

    • alpln on 07/09/2020 - 15:19
      +1

      I guess there's not much room for further cuts. Current rate is 0.25% and "negative interest rates as being an extraordinary unlikely" as per https://thenewdaily.com.au/finance/finance-news/2020/08/07/r…

      So even if there's another 0.25% cut and if some lenders will pass it in full for consumers, having e.g. 500k loan will save you 0.0025 * 500000 * 2y=$2500, while this offer gives you same 2500 of cashback plus $1500 Broker cash rebate.

      This is how I understand this, please correct me if I am wrong - I am quite new to this financial loan thing

  • amanda89 on 07/09/2020 - 15:19
    -1

    I wouldn't trust Virgin with a penny now they've gone into VA, still haven't got a refund

    • dmbminaret on 07/09/2020 - 16:26

      I wouldn't trust Virgin with a penny

      Virgin Airlines. Do you really think the are not independent?

      And furthermore, they're actually trusting you with a penny or two. It they go bust won't you maybe get your house for free? lol

    • stockastics on 07/09/2020 - 16:58

      Lol.

    • [Deactivated] on 08/09/2020 - 07:32

      Virgin Money is Bank of Queensland. They're just franchising the Virgin name from Richard Branson. Totally unrelated company to Virgin Australia.

  • amsaini15 on 07/09/2020 - 23:42

    Hi OP Any offer for Investors with Interest only loan? Thanks

  • tg on 25/09/2020 - 14:45

    OP, thank you for mentioning about "6 x DTI (debt ie loan size to income ratio)"
    I will give it a pass

  • tg on 25/09/2020 - 14:54

    OP, what is the rate for 7 X DTI?

    • AssociatedLen -Bundle Loans @ Bundle Property Home Loans on 03/10/2020 - 11:56

      It is higher so prob would not go Virgin if not getting the 2.09%

  • AssociatedLen -Bundle Loans @ Bundle Property Home Loans on 19/10/2020 - 14:17

    Virgin now increased rebate to $3000

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