What is professional package loan?
A package loan bundles a home loan with a transaction account and credit card under one annual fee (commonly $395-$495) in exchange for a discount of 0.50-1.20% off the standard variable rate.
A 'professional package' or 'home loan package' bundles a discounted variable home loan with a fee-free transaction account and a credit card under one annual package fee — commonly $395-$495 per year. The package fee replaces the standard monthly loan-service fee.
The big-bank discount on the package variable rate is typically 0.50-1.20% off the lender's standard variable rate (SVR), depending on loan size. On a $500,000 loan a 0.80% discount is worth $4,000/year in interest saved, easily covering the package fee.
Watch the comparison rate, not the headline. The package fee gets folded into the comparison rate on a standardised $150,000 / 25-year benchmark — but at much higher loan sizes the fee's impact is smaller, and at smaller loan sizes (sub-$250K) the fee can eat the discount. Math the break-even before signing up.
home loan package · professional package · package home loan
- Variable-rate home loan — A variable-rate loan moves with the lender's pricing decisions and the RBA cash rate cycle — the rate (and your repaymen…
- Comparison rate — Comparison rate is a statutory percentage that folds standard upfront and ongoing fees into the headline rate on a $150,…
General information only — not personal financial advice. Verified against https://ratesniffers.com.au/glossary on 2026-06-01.