Velocity Points Calculator

With a Reward Me Home Loan you get more than competitive rates. You'll earn Velocity Frequent Flyer Points1 on your loan with Points on settlement6, monthly5 as you pay down your loan and even more Points every 3rd year3 just to say thanks for sticking with us.

Plus for a limited time receive 20,000 Velocity Points for every $100,000 drawn at settlement6, hurry offer ends 30 November 2018.

Plus, check out how you could supercharge your Velocity Points balance with our insurance and credit card offers - exclusive for Reward Me Home Loan customers. Use our calculator below to see how many Points you could earn.

How many Velocity Frequent Flyer Points could you earn?

  1. Step 1
  2. Step 2 (optional)
  3. Results
  1. Loan amount
    $
  2. Simulation term
    years
    • Split loan means you split your borrowings into more than one loan. The calculator assumes a maximum of 2 loans.
    • New loans with LVR 90% and below.
Take out other Virgin Money products to boost your Velocity Points (optional)
  1. On retail purchases14, earn 0.66 Velocity Points per $1 spent, up to $1,500 per statement period, then 0.5 Velocity Points per $1 spent. Minimum income of $35,000 & minimum card credit limit of $6,000 required for this product. Credit assessment criteria apply.
    On retail purchases14, earn 1 Velocity Point per $1 spent, up to $8,000 each statement period, then 0.5 Velocity Points per $1 spent. Minimum income of $75,000 & minimum card credit limit of $15,000 required for this product. Credit assessment criteria apply.
    $
Velocity Points earned over the first
    Restart
    What you need to know

    Assumptions: Calculations correct as at 27 August 2018. You maintain an overall home loan balance of greater than $50,000 (net of any balances held in a linked offset facility) over the specified term and continue to meet our eligibility criteria; Velocity Points calculations for credit card spend are based on retail spend only and do not include additional Points that you could earn if you spend with Virgin Australia; stated monthly credit card spend remains constant over the stated period; you do not cancel any selected insurance products before the applicable minimum policy holding period; our Velocity Points earn rates for the above products do not change over the term.

    Settlement Velocity Frequent Flyer Points are paid in $10,000 increments and Anniversary Velocity Points are allocated within 6 weeks of your 3rd anniversary and every 3 years thereafter. Velocity Points will be credited to the Primary borrowers Velocity Account only, up to 60 days after settlement. For more information on terms and conditions for the Reward Me Home Loan Loyalty Program please click here. The Velocity Calculator does not display any additional bonus Velocity Points you may be eligible for if you take out a Virgin Australia Velocity Flyer credit card and meet any associated offer conditions. We reserve the right to change or remove the Velocity Points rewards from the Virgin Money Reward Me Home Loans at any time in line with our Terms and Conditions.

    Where could you fly with your Velocity Points?20

    89,600 Points + $158.26 Taxes, Fees & Carrier Charges

    Return, Economy Sydney to Los Angeles

    35,600 Points + $264.38 Taxes, Fees & Carrier Charges

    Return, Economy Brisbane to Nadi, Fiji

    119,000 Points + $164.85 Taxes, Fees & Carrier Charges

    Return, Business-Class Melbourne to Hong Kong

    How do you earn Velocity Points?

    Settlement

    20,000 Velocity Points for every $100,000 drawn at settlement6

    Monthly

    A further 1,000 Velocity Points every month (per loan account).5

    Anniversary

    Receive 30,000 Velocity Points every 3 years3 you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.

    Bundle

    See how you could supercharge your Velocity Points balance with one of our insurance products or a Virgin Australia Velocity Card with our exclusive Virgin Money offers just for home loan customers.

    Get started today

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