Professional Package Loans
When it comes to home loans, there is often more than meets the eye, especially for professional packages.
In an effort to attract people on higher incomes, many lenders offer special loan deals to a wide variety of people with sufficient income and/or assets.
Professional packages generally offer discounts of 0.5 per cent off lenders’ standard variable interest rate and up to 0.25 per cent off fixed interests rates. Depending on the size of the loan, bigger discounts may apply.
Typically lenders require the borrower to bundle all their personal banking into the one package and offer a range of range of discounts on additional banking accounts such as credit cards, transaction, margin loans and insurance.
Professional Packages are applicable to:
- High net worth individuals
- High income earners or clients with loan amounts exceeding a predetermined level.