Virgin Money Reward Me Home Loan


For a limited time receive 20,000 Velocity Points for every $100,000 drawn at settlement, plus a great competitive rates from 3.64% p.a. (3.78% p.a. comparison rate). Offer ends 30 November 2018.


Rates from
3.64 % p.a.
Comparison rate
3.78 % p.a.#
Application Fee
$0

Receive 20,000 Velocity Points for every $100,000 drawn at settlement

Simply apply for an eligible Reward Me Home Loan by 30 Nov 2018 and settle by 28 Feb 2019.

  • Rates from
    3.64% p.a.
  • Comparison Rate
    3.78% p.a.#
  • Application Fee
    $0
  • Settlement Fee
    $150
  • Home Loan Fee
    $10 per month


Secure online application


  • Clicking the Apply Now button will take you to your Online Application on the bank's website.

Virgin Reward Me
Home Loan

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Some Benefits of a Virgin Money Home Loan

  • No application fee

    You’ll pay no application fees and have the option to split your borrowings.

  • Receive double Velocity Points on settlement

    20,000 Velocity Points for every $100,000 drawn at settlement. Simply apply for an eligible Reward Me Home Loan by 30 November 2018 and settle by 28 February 2019.

  • Monthly Velocity Points

    Simply for paying off your home loan, as you normally would, you will earn a further 1,000 Velocity Points every month (per loan account).

  • Competitive interest rates

    Competitive interest rates from 3.64% p.a. (3.78% p.a. comparison rate#) with borrowings up to 95% LVR for Owner Occupied loans and 90% for Investment loans.

  • Flexibility

    You can opt for a fixed rate or a variable rate on your home loan. You have the option to split your borrowings should you need to.

The Virgin Money Reward Me Home Loan

An awesome option for homebuyers who want to take their rewards points earning to the next level, the Reward Me Home Loan from Virgin Money is currently offering double Velocity Points on settlement, plus the chance to win 1 million Velocity Points on application.

The Reward Me Home Loan offers you the chance to supercharge your points balance, giving you Velocity points on settlement, on each three year anniversary, and at monthly intervals. On top of that, you have the opportunity to save money and earn further rewards on other Virgin products, while taking advantage of competitive interest rates and no application fees on your home loan.

  • Receive double Velocity Points on settlement
  • Enter to win 1 million Velocity Points
  • Competitive interest rates
  • Choice of fixed rate or variable rate
  • Interest rates based on loan amount & loan-to-value ratio
  • Enjoy 10% discount on Virgin Australia domestic flights
  • Earn further Velocity Points on bundled Virgin Money products
  • To be eligible for double Velocity Points on settlement, apply by 30 November 2018 and settle by 28 February 2019.
  • Interest rates from 3.64% p.a. (3.78% p.a. comparison rate)
  • Application Fee: $0
  • Settlement Fee: $150
  • Home Loan Fee: $10 per month
  • Other fees and charges may apply (see Virgin Money’s Lending and Deposits Guide to Fees and Charges on this loan for more).

 

Double Velocity Points Offer

Perhaps one of the most appealing features on the Reward Me Home Loan is its potential to provide Velocity Points to homeowners, simply for paying down their home loan. After all, if you have a home loan, you have to make home loan repayments. So why not get rewarded for them?

If you take out a Reward Me Home Loan, you can earn Velocity Points at three main levels. You can earn points on settlement, you earn points monthly, and you will receive points every three years you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.

However, you can boost your points earning to receive DOUBLE Velocity Points on settlement, if you apply by 30 November 2018, and settle by 28 February 2019. So, instead of receiving 1,000 Velocity Points for every full $10,000 drawn at settlement, you will receive 2,000 Velocity Points.

As an example, if you take out a home loan of $500,000, you would receive 100,000 Velocity Points at settlement alone. All you need to do is apply, be approved and settle by the due dates on the offer, and your Velocity account will be credited up to 60 days after settlement with those 100,000 points. Bear in mind the number of points you receive will depend on your loan amount.

1 Million Velocity Points Competition

If you like the sound of having 100,000 Velocity Points in your account, you’re sure to be tempted by 1 million. This offer is pretty simple. All you need to do is apply for the Reward Me Home Loan by 31 October 2018, and you'll go into the draw to win 1 million Velocity Points. Be sure to provide your Velocity Membership number by 23 November 2018. T&Cs apply.

Velocity: The Basics

One of Australia’s most popular frequent flyer programs, the Velocity Frequent Flyer program allows members to earn Velocity points on travel purchases and everyday spending on their Velocity-linked credit card, or through other Virgin products, such as the Reward Me Home Loan.

Members can then redeem the points they earn as they choose. That could mean using their points on travel, for flights, flight upgrades or hotel stays, or alternatively, using their points to buy merchandise or gift cards from the Velocity Rewards Store, or fuel at BP.

There are four levels of Velocity membership, with each level determining the types of benefits members receive when they travel. To progress from entry-level membership to Silver, Gold and Platinum membership, members must earn Status Credits.

Status Credits can be earned when flying with Virgin Australia and its partners, and when shopping using Velocity flybuys-linked credit cards at Coles, Coles Online, Liquorland or First Choice Liquor.

As a Platinum or Gold member, you will receive benefits that include airport lounge access, Priority Check-in, Priority Boarding and additional baggage allowance. You can also take advantage of complimentary membership to premium tiers of Virgin’s car hire and accommodation partners.

Allowing you to earn points fasters, as a Platinum, Gold or Silver member, you will earn a Velocity Points bonus when you fly on eligible fares with Virgin Australia, Etihad Airways and Delta Air Lines, plus when you book with selected Velocity accommodation, car hire, insurance and travel partners.

Virgin Reward Me
Home Loan

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From Home Loan to Holiday

Wondering where your Reward Me Home Loan Velocity Points could take you? As an incredibly flexible frequent flyer program, Velocity offers a number of options for points redemption. To find out more, just jump on the Velocity Frequent Flyer site.

But, to give you an idea of what’s currently on offer, you could fly:

  • Return, Economy from Sydney to Los Angeles for 89,600 Velocity Points (plus $158.26 taxes, fees and carrier charges).
  • Return, Economy from Brisbane to Nadi, Fiji for 35,600 Velocity Points (plus $264.38 taxes, fees and carrier charges).
  • Return, Business-Class from Melbourne to Hong Kong for 119,000 Velocity Points (plus $164.85 taxes, fees and carrier charges).

 

Earning Velocity Points on the Reward Me Home Loan

With the Reward Me Home Loan, earning Velocity Points is super easy. However, it is worth pointing out that to earn and redeem Velocity Points, you must be a Velocity Frequent Flyer member. Application is quick, easy and free, and can be done online through the Velocity site.

Settlement Points

If you apply for a Reward Me Home Loan before 30 November 2018, and settle by 28 February 2019, will receive double points on settlement. This means you will receive 2,000 Velocity Points for every $10,000 drawn at settlement, instead of the standard 1,000 Velocity Points per $10,000.

To be eligible, you need to be new customer applying for a home loan with loan-to-value of 90% or below.

Monthly Points

Simply for paying off your home loan, as you normally would, you will earn a further 1,000 Velocity Points every month (per loan account).

Anniversary Points

As a reward for your loyalty, you will receive 30,000 Velocity Points every three years you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.

How does that all stack up? Over a period of six years, our example $500,000 home loan could earn 100,000 Velocity Points on settlement, 72,000 monthly Velocity Points, and 60,000 anniversary Velocity Points. This is a total of 232,000 Velocity Points.

Virgin Reward Me
Home Loan

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Choosing Virgin Money

By choosing Virgin Money and becoming a Reward Me Home Loan customer, you could save some serious money when you fly Virgin Australia. Not only that, by bundling your home loan with other Virgin products, you could pick up some bonus Velocity Points to boost your account balance even further.

Flying Virgin Australia

As a Reward Me Home Loan customer, you can enjoy 10% off Virgin Australian domestic flights. Of course, you can also earn Velocity Points on your fare, and any other travel you choose to book with Virgin’s vast selection of partners.

Virgin Australia Velocity Flyer Card

If you apply and are approved for a Virgin Australia Velocity Flyer Card by 31 October 2018, you will receive 20,000 bonus Velocity Points. If you make an eligible transaction within three months of card approval, you will earn 10,000 bonus Points. You can earn a further 10,000 bonus Velocity Points if you spend $5,000 on eligible transactions within that three month period.

Virgin Life Insurance or Virgin Income Protection Insurance

If you purchase a new Virgin Life Insurance or Virgin Income Protection Insurance policy by 31 October 2018 (and have not previously received points for that same policy number), you could benefit from up to 40,000 Velocity Points per policy. T&Cs apply.

Choosing the Virgin Money Reward Me Home Loan

Obviously, choosing a home loan is about more than just rewards points. If you want those rewards points to mean something, you need to have a home loan that offers the features you need, while still remaining affordable.

Ticking many of the boxes for potential homebuyers, the Reward Me Home Loan is both flexible and affordable.

Flexibility

  • You have the option to split your borrowings should you need to.
  • You can opt for a fixed rate or a variable rate on your home loan.
  • You will have access to loans with up to 95% loan-to-value ratio for owner occupied loans and up to 90% loan-to-value ratio for investment loans.

Affordability

  • You will pay no application fees.
  • You will have access to competitive interest rates from 3.64% p.a. (3.78% p.a. comparison rate).
  • Your rate will be discounted based on the size of the loan and your loan-to-value ratio.

Making the Right Decision

Whether you’re looking to buy your first home or even your fifth, the Reward Me Home Loan could be the perfect option for you.

This is a flexible, affordable home loan that is designed to reward you simply for paying off your home loan. You will get points on settlement, every month, and every three year anniversary, while saving on Virgin Australia domestic flights, and earning further bonus points on other Virgin Money products.

Want to get all that, plus double points on settlement and be in with the chance of winning 1 million Velocity Points? Apply now.

Virgin Money Home Loans