These packages are available to those borrowers who meet certain lending, balance or employment criteria. The costs to participate are generally around $300 per annum as a trade off for lower or waiving of application, monthly or transaction fees, lower loan interest rates or increased deposit interest rates.

These discounts can add up to substantial savings, and are especially attractive to the professional investor who is able to take advantage of interest rate savings that can be spread over a complete loan investment portfolio.

Not all lenders offer these Professional packs and the features can vary substantially between lenders. Ask the staff at Lending Specialists to explain the benefits in more detail.

Some of the features of Professional Packs are:

• Annual Fees may apply
  

   

  
  


• Fee Discounts or waivures on credit cards or transaction accounts
  

   

  
  


• Interest Rate Discounts on fixed or variable loans.
  

   

  
  


• Offsets
  
  


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  The Professional Pack may have a set loan amount entry criteria. These amounts vary between lenders, as does the percentage of the interest rate discount, the annual fee and any associated discounts or fee waivures.