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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 (207 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 (351)

Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 January 2024 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

Related Stores

Virgin Money
Virgin Money
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?

    • alenpln 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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