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Assumes you qualify for the settlement points offer, your borrowings split across two accounts for the period and maintain a minimum combined net balance across of all accounts of at least $50,000.
(1) All new customers who apply for a home loan with LVR of 90% or below will receive 1,000 Velocity Points for every full $10,000 drawn at settlement. For construction loans points will be paid after the first drawing (paid in $10,000 increments). Assumes earn rate remains the same for the period shown. LVR is the loan to valuation ratio of your loan. Velocity Points will be credited to the Primary borrower’s Velocity account only, up to 60 days after settlement.
(2) 1,000 Velocity Points per loan account per month.
(3) Anniversary Points, currently 30,000 Velocity Points, are paid on every 3 year anniversary of the settlement date provided total borrowings are greater than $50,000 (net of any balances held in a linked offset facility). Points are only paid once regardless of the number of split borrowings a customer has with us and they must be a continuous Reward Me Home Loan customer during the period.