Professional Packaged Home Loans

A Professional Package Home Loan is a type of home loan offered by banks and lenders that includes a range of benefits in exchange for an annual fee. These packages are typically designed for borrowers with higher loan amounts and offer discounted interest rates, reduced costs, and additional banking benefits.

Key Features of a Professional Package Home Loan:

1. Discounted Interest Rates – Lenders offer lower interest rates compared to standard variable or fixed home loans.

2. Fee Waivers – Common fees such as application fees, ongoing account fees, and annual fees on linked products (e.g., credit cards) may be waived.

3. Offset Account & Redraw Facility – Many professional packages include a free or discounted offset account and redraw facility.

4. Bundled Banking Products – Borrowers may receive discounts on financial products such as credit cards, insurance, and transaction accounts.

5. Higher Borrowing Power – Lenders may offer higher loan-to-value ratios (LVR) or more flexible loan conditions.

6. Additional Repayment Flexibility – Some lenders allow extra repayments without penalties, helping borrowers pay off their loans faster.

Who Can Benefit?

• Borrowers with larger loan amounts (typically over $250,000 or $500,000, depending on the lender).

• Professionals with stable incomes who can leverage the interest rate discounts.

• Homebuyers looking for an all-in-one package that combines their mortgage with other financial products.

Considerations Before Choosing a Professional Package Loan

• Annual Fees – These loans often come with a yearly fee (typically $300–$400), which should be weighed against the savings.

• Loan Amount Requirements – Some lenders require a minimum loan amount to qualify.

• Comparison With Basic Loans – A fundamental home loan with a lower rate and fewer fees may be more cost-effective if you do not need the extra benefits.

Popular Australian Lenders Offering Professional Package Loans

Most major banks and lenders in Australia offer professional package home loans, including:

• Commonwealth Bank (Wealth Package)

• Westpac (Premier Advantage Package)

• ANZ (Breakfree Package)

• NAB (Choice Package)

• Smaller lenders also provide competitive professional package options.

Would you like assistance comparing specific professional package loans?

If so, feel free to call us on 0417 693 281, and with just 15 minutes of your time, we can do a quick check with a few lenders and find a product that suits your unique needs.