Professional Packages

These days the name - "Professional Package" is a bit of a misnomer. They originate from the days when certain professional bodies had agreements with Banks whereby their members would receive an interest rate discount from a particular Bank. These days the Professional Packages are available to almost anyone depending on whether you qualify. Some Lenders require you borrow a minimum amount and others have certain income requirements. Essentially the loans are a variable rate loan but offered at a discounted interest rate and often with reduced application fees.