Understanding professionally packed loans in Sydney

Professionally packaged loans are useful to those looking to borrow a large sum of money, often in excess of $250,000. This loan offers a discount on the standard variable rate, as well as other benefits offered by the lender. The professionally packaged loans for can be used to purchase a

home or investment property. Our Sydney professionals are happy to advise on the best loan for your situation.

What are the advantages?

When exploring loan options, the professionally packaged loan includes a 0.50% to 0.70% reduction in the standard variable rate along with a possible reduction in the fixed rate between 0.00% and 0.25%. With that said, a higher discount can be negotiated if borrowing in excess of $750,000. In addition, borrowers may receive discounts on other lender services and products. Please note that these types of loans incur an annual package fee of around $300-400.

We recommend taking out a professionally packaged loan alongside a savings account when they wish to take advantage of the offset account with the same lender that holds their loan.

What are the main benefits?

100% offset account (with debit card)
Redraw facility
The Internet and phone banking
Extra repayments
Interest-only or principal and interest payments
Repayment holiday
Ability to fix or repair your loan
Credit card facilities

What we do

At Finance in Sydney, we aim to make your options clear and understandable. We also realise that this may be your first foray into loans, so we‟re able to answer any questions you may have.

We draw upon our experience and expertise to provide you with accurate advice that meets your circumstances and financial goals.