Virgin Money is offering double Velocity Frequent Flyer Points on settlement for eligible new home loans.
Customers who apply for a Virgin Money Reward Me Home Loan with an LVR of 90% or below will now earn 20,000 Velocity Points for every $100,000 borrowed at settlement, if they apply between 5 March and 31 May 2018 and settle by 31 August 2018.
This means a customer borrowing $500,000 will receive 100,000 Velocity Points after settlement, enough Points for a return economy flight from Sydney to Los Angeles.
In addition, you will earn a further 1,000 Velocity Points every month (per loan account).
Also, receive 30,000 Velocity Points every 3 years you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.
You could receive 304,000 Velocity Points over 6 years with a $500,000 loan:
100,000 Points after settlement
144,000 monthly Points (across 2 loan accounts)
30,000 Points every 3rd year anniversary
Fixed and variable rates are competitive.
Variable rates from: 3.69% (Comparison rate: 3.83% p.a.) for new owner occupied principal and interest loans
with minimum 20% deposit and balances of $750,000 or more.
3 year fixed rate: 3.69% p.a for Principal & Interest up to 90% LVR with total borrowings of $300,000 or more.
Current as 18 April 2019.
"Customers who apply for a Virgin Money Reward Me Home Loan with an LVR of 90% or below will now earn 20,000 Velocity Points for every $100,000 borrowed at settlement, if they apply between 5 March and 31 May 2018 and settle by 31 August 2018."
2018??