As lenders become more competitive, greater flexibility and features have been introduced which can save you money. Lenders often enhance their features so it is worth keeping track of what’s on offer.

Professional Benefits Packages
These are a packaged bundle of features and discounts which generally attract an an annual fee for the package. Discounts may initially include a nil, or reduced, application fee, no monthly account keeping fees and a discount on interest rates. The amount of the discount offered will depend on the amount borrowed. Other features may include waiving other costs associated with the loan, such as redraw fees and offering offset accounts . Some lenders include discounts on other products, such as building and contents insurance, travel insurance and a rewards program. Professional packages will vary between lenders and it is important to understand the eligibility criteria.
Portability
Redraw
Repayment holidays or Payment Pause
Parental leave
Salary Credit
Offset accounts