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Take out a NAB Home Loan, Credit Card & Bank A/C - Earn 250,000 Velocity Frequent Flyer Points

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Take out a NAB Home Loan, Credit Card & Bank A/C - Earn 250,000 Velocity Frequent Flyer Points
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CapeFin on 01/04/2016 - 18:06 nab.com.au (539 clicks)
Last edited 27/07/2016 - 10:41 by 1 other user

Edit: This deal now includes investment loans.

This offer has just been extended!!

There’s a great deal with NAB until the end of July, where if you refinance your home loan or take a new loan, you could be eligible for 250,000 Velocity Frequent Flyer points

That’s enough points for two return flights to Europe or America!

The deal has a requirement to make NAB your main bank, so you will need to open a transaction account for your salary to go in to (they have one without a monthly fee) and a credit card. It’s also only available to owner occupied loans for $250k+.

Eligibility
► New Owner Occupied only home loan of $250K or more
► Have or apply (and are approved) for a NAB transaction account and NAB Credit Card
► Must make a salary or equivalent income credit to the NAB Transaction account
► Applications submitted by 31 December 2016 and drawn down on or before 31 March 2017
► Excludes line of credit and portfolio facilities

NB: Perth based mortgage broker here, happy to assist with your refinance (free of charge) Australia wide
Authorised credit representative 478455 of Connective Credit Services Pty Ltd Australian Credit Licence Number 389328.
Drop me an email [email protected] or you can do it yourself direct with NAB.

And for that legal bit.. Your full financial situation would need to be reviewed prior to acceptance of any offer or product. Normal lending criteria and fees and charges apply. Terms and conditions apply and are available upon request.

Financial Frequent Flyer Home Loan Loan Refinance Reward Points Velocity Frequent Flyer

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

closed Comments

  • jv on 01/04/2016 - 18:07
    -3

    Velocity Frequent Flyer Points with home loans

    And why is that a bargain when I can get a cheaper home loan elsewhere ?

    • suicine94 on 01/04/2016 - 18:08

      how do you bold your text?

    • QuickToThePointless on 01/04/2016 - 18:09
      -1

      Bargaining

    • CapeFin on 01/04/2016 - 18:10

      Hi JV,
      This may not be for everyone however the points can add significant value you your loan package depending how you use them.

      • [Deactivated] on 01/04/2016 - 18:16
        +1

        Considering points are traded for 1c each, this offer equates to $2500 in actual cash money value, so when you compare it to the savings some potential customers could make by getting a better rate / conditions from one of your competitors, I doubt the claim of "significant value" stacks up.

        • jv on 01/04/2016 - 18:18
          +1

          I wonder how their PDS defines "significant value" ?

        • CapeFin on 01/04/2016 - 18:21

          As mentioned it depends how you use them. I looked recently at what the points would get me for an annual fishing trip we do and 250k points was roughly $7k worth of flights to that destination.

  • DJ710 on 01/04/2016 - 18:39
    +1

    This offer has been around since last year! Just extended now.

  • ihbh on 01/04/2016 - 18:44

    As an alternative, give Ubank a go, which is a subsidiary of NAB. There are no middlemen so you get the benefit of lower rates. Sorry Op.

    • CapeFin on 01/04/2016 - 18:45

      Not a problem, just here to show people who might be interested what NAB currently have on offer.. we always suggest shopping around before obtaining finance!

  • jas168 on 01/04/2016 - 21:46
    +3

    I still haven't got my points after 5 months even though I called them up a few times and still have not finalised my points as yet.

    • carwashhair on 05/04/2016 - 07:50

      I've heard this from a few people too. NAB using very restrictive clauses to avoid paying the points, or just can't get their shot together

  • sritha1 on 01/04/2016 - 22:24

    If you can match the UBank's 3.99%, I'm happy to give it a go!

  • pitufon on 01/04/2016 - 22:28
    +1

    This is awesome as I am about to ink the contract with NAB next week, 250k on top of my 150K will get me places. Thanks OP.

  • Stahh on 01/04/2016 - 22:47
    +1

    So borrowing about 800k with 90% lvr what rate can you get as a nab broker op?

    • CapeFin on 01/04/2016 - 23:12

      PM sent.

  • dumkaze on 05/04/2016 - 16:25
    +1

    What's the variable rate of interest are they offering ?

    • CapeFin on 05/04/2016 - 16:32

      Depends on a few factors, if you would like to drop me an email [email protected] or PM me on here I would be happy to request pricing for you.

      • dumkaze on 06/04/2016 - 12:32
        +1

        Pm me please

        • CapeFin on 06/04/2016 - 14:16

          Done.

  • info2leon on 06/05/2016 - 09:26

    Hi, I have two loans, can I transfer it over to NAB one by one and get rewards twice?

    Thanks!

    • CapeFin on 06/05/2016 - 09:29

      Unfortunately not, you would just be eligible for the one lot of 250k points. Would you like me to organise you pricing?

      • info2leon on 06/05/2016 - 10:02
        +1

        oh.. a CBA banker told me they can give me 2 rebates if I refinance one by one.

        • CapeFin on 06/05/2016 - 10:19

          Interesting, I have been told it is only the one but I will look in to it and let you know.

  • asuka03 on 11/10/2016 - 22:08
    +1

    Hi, could you let me know the interest rate for 400k loan with LVR 80%. Thank

    • CapeFin on 11/10/2016 - 22:12

      Hi Asuka03,

      Could you please confirm the following as it will have an impact on what rate NAB will offer:

      • Fixed or variable rate
      • Owner occupied or investment
      • Principle and interest or interest only

      Feel free to PM me or email direct to [email protected]

      • asuka03 on 12/10/2016 - 08:22
        +1

        Hi

        the loan will be variable
        investment loan
        and can you outline both P/I and Interest only?

        Thank you

        • CapeFin on 12/10/2016 - 10:36

          Please check your inbox

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