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HOME LOAN OR HOLIDAY: Velocity Frequent Flyer & Westpac are offering both

Velocity Frequent Flyer and Westpac have formed a new partnership which will give Westpac customers applying for a new home loan the chance to benefit from hundreds of thousands of Velocity points.

Velocity Frequent Flyer and Westpac have formed a new partnership which will give Westpac customers applying for a new home loan the chance to benefit from hundreds of thousands of Velocity points.

From today, Aussies taking out a Westpac loan will get the added bonus of Velocity Points to help them holiday sooner.

Westpac has two new Velocity home loan offers based on a customer’s borrowing requirements when taken with a Premier Advantage Package.

Virgin Australia planes

Offer 1: 200,000 Points on loans of $250,000 or more; which can help get a couple on their way to Hong Kong or a family on their way to Queensland

Offer 2: 500,000 Points on loans of $1,000,000 or more; which can help get a couple on their way to London or a family on their way to Los Angeles.

Velocity Points can be used to purchase flights with Virgin Australia and its international partners, book hotel stays and purchase fuel.

Luxury travel

Research findings show that 72% of Australians find it difficult to contemplate going on holiday after taking out a home loan, with more than half of Australians waiting for two years or longer before taking their next domestic holiday.

Velocity Frequent Flyer CEO, Karl Schuster, said that it was a wonderful opportunity for families and individuals to celebrate.

“We are proud to be able to offer Australians the opportunity to go on holiday sooner after taking out a new packaged home loan than they otherwise would consider doing so.”

Velocity Frequent Flyer CEO, Karl Schuster

karryon_couple_rio de janeiro

Image: Ben Ostrower/Unsplash

The offer is available to new Westpac Premier Advantage Package home loan customers who apply between now and 30 September 2018 and settle by 30 November 2018.

READ: HOW YOU CAN EARN 1,000 VELOCITY POINTS ON A HOTEL BOOKING

READ: Velocity Frequent Flyer and flybuys announce partnership

What do you think of the new partnership? Let us know below.