The ‘Professional Australian’ Package
The Professional Australian Package is a mortgage & banking package we have designed to compliment your lifestyle and rewards you with up-front and ongoing benefits.
It is available to eligible professional persons° who take out new or additional loans of $100,000 or more on eligible loan types which include the Professional Australian Home Loan or Professional Australian Line of Credit.
Professional Australian Package customers will receive a range of Package Benefits on their loans, financial services and insurances as per the summary below. Full details are contained in the Professional Australian Package
Schedule of Benefits (PDF, 89KB)
.
An Annual Package Fee applies.
The Professional Australian Package means that when you choose Wide Bay Australia, you get a lot more than just a home loan!
Features and benefits
| |
Standard Variable Professional Australian Home Loan |
Fixed Rate Professional Australian Home Loan |
Professional Australian Line of Credit |
| Annual Package Fee |
$300 each year - payable on initial funding date (and annually on anniversary of funding date) |
| LOAN BENEFITS |
| Discounted Loan Interest Rates (PDF, 153KB) |
0.62% p.a |
0.10% p.a |
0.40% p.a |
| Loan features and benefits |
You retain access to all the standard features and benefits available on the above loans. This includes features such as repayment flexibility, redraw, payment holiday, free monthly statements, ‘smartlink’ Internet, Mobile & Phone Banking and Mortgage Muncher Professional Account 100% offset savings account! |
| Application Fee – new loans |
Nil (an annual package fee applies) |
| Monthly Loan Account Fee |
Nil |
Nil (normally $10/month) |
Nil (normally $10/month) |
| Application Fee – Additional Loans & Further Advances |
Nil |
| EVERYDAY BANKING BENEFITS |
| Monthly Account Fee |
Nil – on your Mortgage Muncher Professional Account or Professional Australian Line of Credit Access Account (an annual package fee applies) |
| Lower or no Transaction Fees |
You will automatically receive free withdrawals via Wide Bay Australia branches, ‘Wide Bay’ and ‘Westpac’ ATM’s, EFTPOS, ‘smartlink’ Internet, Mobile & Phone Banking; BPAY®; personal cheques; direct debits and periodical payments on your Package Mortgage Muncher Professional Account or Professional Australian Line of Credit Access Account. |
| SAVINGS BENEFITS |
| Earn higher interest on standard Term Deposits |
You will receive 0.25% higher interest rate
on Term Deposits of $500 or more |
| HOME INSURANCE BENEFITS |
| Home Building & Contents Insurance |
Save up to 10% on your combined
home building and home contents insurance.* |
| Home Building Insurance |
Receive up to 90 days free on your home building insurance.^ |
| Home Building or Landlord Insurance |
Receive $100 ‘cash back’ on your home building or landlord insurance.~ |
| Home Contents Insurance |
Receive $50 ‘cash back’ on your home contents insurance.~ |
| CAR INSURANCE BENEFITS |
| Car Insurance |
- Save up to 5% on your motor vehicle insurance premium.*
- Receive $50 ‘cash back’ on your motor vehicle insurance.~
|
| CREDIT CARD BENEFITS |
| Credit Card |
Pay no annual fee on your new ‘Rewards’ MasterCard for the first year (normally $99 for Card Services Rewards).
Plus you will automatically receive other great card benefits including –
- 1 Reward point for every dollar spent on purchases
- Complimentary Purchase Cover for up to 90 days after purchase+
- Complimentary International Travel Insurance+, Transit Accident Insurance & Emergency Travel Assist when the travel is paid in full using your Gold Mastercard.
|
The Professional Australian Package is offered by Wide Bay Australia ABN 40 087 652 060 (Australian Financial Services & Australian Credit Licence: 239686) and is only available to approved applicants through Wide Bay Australia’s branch network and is not available to applicants introduced by third parties where Wide Bay has paid brokerage or commission.
Professional Australian Package Terms & Conditions (PDF, 73KB)
apply.
°You must be a natural person/s or a discretionary family trust where at least one of the individual applicants or trustees is a recognised member of and employed in an eligible profession at the time of application. Business entities and other trusts are not eligible for this Package. Package benefits are only available on Eligible Products held by the borrowers of the eligible Package Loan/s. A list of eligible professions is available on application.
Package Benefits are contained in the Professional Australian Package Schedule of Package Benefits. (PDF, 89KB) .
A Package Fee applies. Unless varied under the Package Terms & Conditions standard Terms & conditions and fees & charges also apply to individual package products.
Home Loans & Lines of Credit:
Wide Bay Australia Ltd ABN 40 087 652 060 (Australian Credit Licence No: 239686) is the credit issuer. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Prior to entering into a credit contract with us you should read our Credit Guide (PDF, 74KB). Loans are only available to approved applicants offering security in approved property in Australia.
^The Comparison Rate is 6.73% p.a. based on a secured Professional Australia Home Loan (L12) of $150,000.00 for a term of 25 years. Comparison Rate Schedules are available at Wide Bay’s local branches. WARNING: This Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
Transaction, Savings Accounts and Term Deposits:
Wide Bay Australia Ltd ABN 40 087 652 060 (AFS Licence No: 239686) is the issuer of this account/these accounts and any non-cash payment facilities that may be used in conjunction with them. To decide if they are appropriate for you please carefully read the booklet 'Your Guide to Wide Bay Australia's Accounts and Banking Services' (PDF, 1004KB)
Insurance:
Insurance covers are available from Wide Bay Australia Ltd ABN 40 087 652 060 (AFSL: 239686) ("Wide Bay Australia Widecover"). In offering this insurance we act as an agent of Allianz Australia Insurance Ltd ABN 15 000 122 850 (AFSL: 234708) ("Allianz") - not as your agent. Allianz is the underwriter of this insurance. To help you make an informed decision about whether to acquire an Allianz insurance product through Wide Bay Australia Widecover you should read our
Wide Bay Australia Financial Services Guide (PDF, 187KB)
and the Product Disclosure Statement available for the insurance cover.
We do not provide advice about these policies based on any consideration of your personal objectives, financial situation or needs. To decide if they are right for you please carefully read the relevant Product Disclosure Statement.
*
Where two or more discounts apply - the second and any subsequent discounts may be applied to the premium (excluding applicable taxes and government charges) after it has been reduced by previous discounts. If your premium is below our minimum premium then the minimum premium will apply. Discounts may not be applied to any flood component of the premium (if applicable).
~ Available on new policies only. Not available in conjunction with any other offer. Limit of one ‘cash-back’ for home building or landlord cover, one ‘cash-back’ for home contents cover and 2 ‘cash-backs’ for motor vehicle (driven for personal use only - commercial vehicles excluded) covers per Package.
^^ The free cover will apply for 90 days or up to the date of the settlement of your Wide Bay Australia loan contract (whichever is sooner) from the time you accept the offer. After this free period normal premiums will apply. If you withdraw your home loan application or cancel your Mortgage Package, the free cover period will cease on the date of your withdrawal. If your home loan application is declined, the free cover period will cease 5 days, from the date of declinature.
Credit Cards:
Wide Bay Australia MasterCards are supplied by arrangement with Card Services – a division of Citigroup Pty Limited ABN 88 004 325 080 (AFSLN 238098) ("Citigroup"). Citigroup is the issuer and administrator of Wide Bay Australia MasterCards. Applications must be in the name of individuals. Credit approval of your application is subject to satisfying Citigroup credit criteria including verification of income of over $35,000, Australian residency and your credit history. Wide Bay Australia is not responsible for the credit decision regardless of your acceptance for a Wide Bay Australia mortgage loan. To help you make an informed decision about whether to acquire a Citigroup credit card product through Wide Bay Australia you should read our Credit Card Credit Guide (PDF, 62KB) available at our branches. Upon approval of your application, Citigroup will notify you of how to meet the identification procedure required by law. Terms and conditions, and other fees and charges apply - full details on application
+ International Travel Insurance (Gold Cards only) and Purchase Cover (Silver & Gold Cards) are provided automatically to cardholders under a master agreement between Zurich Australian Insurance Limited ABN 13 000 296 640 (AFSL 233507) and Citigroup Pty Ltd and is subject to either Gold Cardholder Terms and Conditions and exclusions contained in the Policy of Insurance. An excess applies to Purchase Cover Insurance.
