Breaking news: Virgin Money relaunches home loan brand aimed at premium borrowers
Virgin Money has recently revealed its new mortgage product called the Reward Me Home Loan, which will reward customers with Velocity Frequent Flyer Points and exclusive Virgin-branded benefits.
Customers will earn 10,000 Velocity Points for every $100,000 borrowed at settlement. They will also receive 1,000 points per month for each loan split and 30,000 bonus points every three years. Points will also be awarded on specific anniversaries, together with exclusive benefits on related Virgin Money products. Customers will also receive offers from other Virgin businesses like Virgin Australia, Virgin Mobile, Virgin Active, and Virgin Wines.
“Virgin Money’s Reward Me Home Loan will be as competitive as you’d expect—with some very Virgin points of difference that will reward our customers upfront and throughout the life of their loan,” said Virgin Money CEO Greg Boyle.
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Owned and backed by Bank of Queensland (BOQ), Virgin Money Australia is a financial services company that offers credit cards, home loans, insurance and superannuation products. Virgin Money Australia is a reputable Australian financial services company with a focus on customer service. Initially launching Virgin Money credit cards in 2003, the company added superannuation and home loans to its product suite in 2008.
In the words of the Virgin Money team: “Whether you’re buying your first or your fifth home, it’s one of the largest financial decisions you’ll ever make. That’s why we give you more than just a competitive home loan. At Virgin Money, we want your home loan to be rewarding too, because we’re all for giving you something back. So, you get what you expect, and that Virgin bit more that really counts”.
For a limited time only eligible borrowers+ will enjoy $1000 cashback at exclusively at Naritas for Virgin Reward Me home loans.
- 3.99% p.a. (CR: 4.12% p.a.) Available for new owner occupied loans with minimum 20% deposit and balances of $750,000 or more.
- Rate reductions and further discounts available to high quality borrowers (assessed ad hoc).
- Virgin’s Reward Me Home Loan rewards you with Velocity Points, discounted variable home loan rates based on the size of the loan and your loan-to-value ratio, exclusive Virgin Money offers just for home loan customers and other red-hot Virgin family perks.
- As a Reward Me Home Loan customer you can enjoy 10% off Virgin Australia domestic flights booked before 30 December 2016**
- Get a 50% discount on the Virgin Australia Velocity High Flyer card value $144++. Virgin High Flyer card customers can enjoy a $129 Virgin Australia Gift Voucher each year^
- Two complimentary Virgin Australia domestic Single Entry Lounge passes^^
The team at Naritas are experts in delivering timely guidance & finance approvals. We have over 100 lenders on our panel & a high quality team of dedicated advisers to steer you efficiently through the approval process.
Things you should know:
* Velocity Rewards Points calculation based on $750,000 loan size, with bundled Virgin Australia Velocity High Flyer Card with a monthly spend of $2,000 and the borrower taking Virgin Home & Contents Insurance. Different scenarios will yield different points totals. To calculate your own scenario use the calculator located here. To see the screen clip demonstrating our calculation refer here (current as at 24/05/16).
+ Minimum loan size $350,000. Terms & conditions apply.
** As a Reward Me Home Loan customer, you can enjoy 10% off Virgin Australia domestic flights booked before 30 December 2016 for travel up until 30 June 2017. You’ll need to book 20 days in advance of your travel date. You’ll be able to access this offer each time you log out of the Hub (your online account access portal). Terms and conditions apply.
^ The Virgin Australia Gift Voucher benefit is available to Primary Cardholders only and provides one Virgin Australia Gift Voucher to the value of $129 (AUD) each year. You will become eligible for your $129 Virgin Australia Gift Voucher 30 days after card approval in your first year and 30 days after your card anniversary thereafter provided you have made a retail purchase as the Primary Cardholder on your card within 2 months prior to requesting your voucher, your account is active and in good order and you are a Velocity Frequent Flyer Member. See Terms & conditions for full details.
^^ Relax and enjoy some time out before your flight with two complimentary Virgin Australia domestic Single Entry Lounge passes. These passes will appear in your Velocity account as an anniversary present from Virgin Australia each year and are valid for 12 months. The complimentary Lounge pass benefit is available to Primary Virgin Australia Velocity High Flyer Cardholders only and provides two Single-Entry Virgin Australia domestic Lounge passes each year. You will become eligible for your two Single-Entry Virgin Australia domestic Lounge passes upon card activation in your first year and then each anniversary thereafter. See Terms & Conditions for full details.