Professional Package loans
A Professional Package usually provides you with a discount off the standard variable rate (and sometimes also on fixed rates), will give you flexiblity by allowing free product switching, 100% offset, redraw among a host of other options. Sometimes credit cards and transaction accounts may be integrated into the package which often waives their individual monthly fees. Usually the lender will charge an annual fee between $300-$400pa for the package. These packages are great for property investors who have multiple loans as it can save you money on application fees and monthly account keeping fees.
