350,000 rewards points offered in big four home loan bundle

by Miklos Bolza07 Apr 2017
The National Australia Bank (NAB) is now offering 350,000 NAB Rewards Points to new customers through a combined home loan and banking package.

Those eligible include owner-occupiers, investors, refinancers from other banks, and construction loan customers. Eligibility also requires brokers to help customers apply for a new NAB mortgage of $250,000 or more by 31 August with approval and drawdown occurring by 30 November.

The applicant must also be a primary cardholder of any NAB Rewards Credit Card and hold a personal NAB Transaction Account.

“A change to an existing NAB Home Loan which results in a new account number does not on its own qualify as new home lending,” the bank said.

Eligible home loans include the NAB Choice Package (excluding the NAB FlexiPlus Mortgage), NAB Base Variable Rate Home Loan, and NAB Tailored Home Loan. NAB HomePlus, NAB Peak Performance, lines of credit and Portfolio facilities are excluded.

Finally, this promotion is not available for new home lending or refinancing from UBank or Advantedge nor with refinancing from NAB or NAB Broker.

Customers eligible for these rewards points will receive them within 90 days following the home loan drawdown. Points can then be traded for gift cards, plane flights, homewares and more.

NAB’s promotion commenced on 1 April and ends on 31 August.

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