Virgin Money – Where Home Loans and Holidays Go Hand in Hand
If you are in the market for a new home loan and are also in need of a holiday put Virgin Money on your list of lenders to consider.
Virgin believes that having a home loan doesn’t mean that your holiday dreams need to go on hold. With their Reward Me Home Loan you’ll be rewarded with flights, accommodation and other benefits just for having a home loan.
At settlement you will be rewarded with 10,000 Velocity Points for every $100,000 drawn down and a further 1,000 points paid for every $10,000 you borrow. But it doesn’t stop there. Every month and additional 1,000 Velocity Points will be earned plus an additional 30,000 points every three years after loan settlement so long as you remain a Reward Me customer and your total outstanding net balance is at least $50,000.
There is also the ability to earn even more points with one of the Virgin Australia Velocity Credit Cards along with their Income Protection, Life Insurance and Home and Contents Insurance products, so stockpiling a healthy Velocity Points balance may take less time than you might think.
Couple all this with the fact that you will enjoy 10% off selected Virgin Australia flights, your next holiday may be just around the corner. But how do their rates stack up? Rather well.
If you are keen to explore your fixed rate options, they are offering a 2.99%* 3 Year Fixed product which allows $10,000 in additional repayments per annum as well as qualifying for the Velocity Points offer.
Virgin’s variable rate products begin at a respectable 3.24%** and include full offset, redraw and the ability to make unlimited additional repayments.
If you are looking at a new home loan option, love holidays and are ready to think outside the major lender box then contact your Blackburne Mortgage Broking team to see if Virgin Money or any other of our extensive lending options are right for you.
*(Comparison Rate 3.42%)
** (Comparison Rate 3.88% )