This new home loan promises rewards

Virgin Money has revealed details a new mortgage product, the Reward Me Home Loan.

The variable and fixed rate Virgin Money Reward Me home loans will reward customers with Velocity Frequent Flyer Points on settlement, each month and on specific anniversaries plus exclusive benefits on related Virgin Money products and offers from other Virgin businesses including Virgin Australia, Virgin Mobile, Virgin Wines and Virgin Active.

Borrowers will get 10,000 Velocity Points for every $100,000 borrowed at settlement, 1,000 Points per month for each loan split, plus 30,000 bonus Points every three years.

Source: Mortgage Business