A professional package home loan, originally introduced by the banks to reward low-risk high-profit customers such as doctors, accountants and lawyers, is now available to most people borrowing more than $250,000 and capable of servicing their debt according to the bank.

In simple terms, a professional package home loan or a pro pack home loan is a bundle of banking products rolled together with generous interest rate discounts and other freebies such as credit cards benefits, discounts and a 100% offset account that could help you save more on your home loan as well as shorten its lifespan. 

perth home loan


Banks usually charge an annual fee between $300-$750 for a professional package home loan. In return, you may no longer need to pay the annual fees for your transaction account, credit cards, and the loan application fee may be waived off as well (Compare what each bank is offering you before making a decision).
In addition, most banks offer an interest rate discount of over 0.7% (on a loan size of up to $250,000) on your home loan that could lead to substantial savings. You may also receive discounted rates on your other debts with the bank.

Would you like the comfort of having all your loans, investments and savings in one single place, and receive special discounts as well? Contact a mortgage broker to switch to a professional package loan that gives you much more for less!

What are the benefits of a professional package home loan?

Different banks may offer different benefits to their customers, but you would find the following features in most professional package home loans:

  • Between 0.5% to 1% discount on standard variable home loan rates and up to 0.25% discount on fixed interest rates
  • Discounted fees for many services, including insurance products
  • Waiver of annual credit card fees
  • An offset account linked to your home loan (Read how an offset account can save you thousands over the life of your loan)
  • Discounted interest rates on personal loans

How to choose the right professional package home loan:

Check the annual fee – Lenders require you to pay an annual fee when you take a package loan. It makes sense to compare the fees charged by different lenders vis-à-vis the features and discounted interest rates offered.

Check the features – While a package home loan may offer a range of features, does it provide the features you are going to use? 

Compare interest rates – The interest rate discounts are applicable on the standard variable rate offered by the bank. Thus, it is important to compare the standard variable rates (as well as comparison rate) provided by different banks before making the final choice. 


Ask, and you might just receive! Yes, it is possible to negotiate further discounts than what is advertised by a lender, especially if you are a high-doc borrower applying for a low Loan-to-Value Ratio (LVR) loan. With all your banking services vested in one back, you could negotiate a package substituting all the small fees that you have been paying for a single fee that would probably be much lesser than the combined extras you have been shelling.

Who can apply?

To be eligible for a professional package home loan, you need to borrow a minimum amount that is generally over $250,000. The more you borrow, the more discounts you get. Additionally, lenders offer better deals to borrowers with lower LVRs.

(It is possible to borrow up to 95% of your property’s purchase price. Read more.)

If you don’t need to borrow a significant amount of money, a professional package home loan may not be for you. However, it doesn’t harm to crunch the numbers and compare home loans to choose the best deal.

Overall, professional home loan packages are great if you are looking to borrow a large sum of money and don’t mind switching banks to get the best deal. On the flip side, opting for a personal package home loan will tie you down to a single bank; it might be cumbersome to switch to better offers (if any) in the future. The ultimate choice, of course, rests on your preferences and financial vision. Getting in touch with an expert could help you understand your options better.

If you are planning to buy a home or refinance your existing loan, compare broker pre-negotiated home loan deals from over 60 lenders across Australia, updated weekly, only on HashChing.


By Vidhu Bajaj
HashChing Content Writer



HashChing is helping Australians by providing access to pre-negotiated home loan deals. Obligation free consultation with one of our partner brokers might save you time, hassle and money.

We already have your details. Please click here to login.