Professional Packages
Frequently asked questions we receive about professional packages
What is a professional package?
A professional package is a ‘PACKAGE’ of benefits that a lender may offer if you meet certain criteria.
A professional package DOES NOT refer to any particular lending product (eg, a variable rate or fixed rate loan) – it refers to benefits that may apply to a variety of products that a lender may offer.
What sort of benefits can I get with a professional package?
The biggest benefit that lenders offer is a discount on their published variable interest rates.
Other benefits include access to lower application fees, valuation fees, ongoing fees, fee free credit cards, etc.
The benefits offered are different from one lender to the next. It is true to say that no two lenders are alike in this regard. As a snapshot, there are some lenders that will give you a 0.7% discount if you borrow $750,000 or more (some lenders even a bit less during particular campaigns)
Additionally, some lenders may give a ‘Professional Pack customer’ access to a reduction on their and fixed rate and line of credit loans as well.
Which lenders have them?
They are available at a wide variety of lenders. Lenders have different names for them – but they are essentially the same thing – that is, benefits that apply to a variety of products.
Do I have to be a professional?
Nowadays, it does not matter what your occupation is – most lenders criteria centres around the amount of money you can afford to borrow.
How do I know if I am eligible?
This is a very broad question and it is difficult to tell you here – this is where Vision Home Loans comes in – by all means give us a call or submit your details online and we can discuss your eligibility with you.
Can you give me an idea of some of the benefits available?
As a snapshot, there are some lenders that will give you a 0.7% discount if you borrow $750,000 or more (some lenders even a bit less during particular campaigns)
Additionally, some lenders may give a ‘Professional Pack customer’ access to a reduction on their and fixed rate and line of credit loans as well.
