The ‘Professional Australian’ Package
- A home loan (or line of credit option) with no application fee, no monthly administration fees and a 0.40% interest rate discount for the life of the loan^^
Plus...
- A 100% offset account with no monthly account
fee, this account also allows you to save loan interest and potentially pay off your home loan years earlier
- Generous fee free banking on 100% offset account transactions (or line of credit access account transactions) including totally free EFTPOS, Wide Bay ATM, cheque and branch withdrawals#
- Internet and telephone banking with totally free BPAY®
- A Gold “Rewards”
MasterCard with Qantas
Frequent Flyer points
redemption, free overseas
Travel Insurance and no
annual fee for the first year*
- 30 days free
Widecover Insurance
on new home, contents,
domestic motor and
landlord’s policies**
“Professional Australian” Package (“the Package” is offered by Wide Bay Australia ABN 40 087 652 060 (AFS Licence No: 239686) (Wide Bay) and is only available to approved applicants. Terms & conditions and fees & charges (including an Annual Package Fee) apply to the Package and individual package products. Package details and benefits are available as at 1-May-2008 but are subject to change at any time in the future. One applicant must be a recognised member of and employed in an eligible profession at the time of application. Package is available to natural persons or discretionary family trusts - where at least one of the individual applicants or trustees is an eligible individual - business entities and other trusts are not eligible. Minimum qualifying loan amount $100,000. The non-loan Package benefits are only available in association with the qualifying home loan or line of credit. Package products only available through Wide Bay Australia branch network and are not available to applicants introduced by third parties where Wide Bay has paid brokerage or commission. To decide if the ‘Mortgage Muncher Professional’, ‘Professional Australian’ Line of Credit Access Account or non-cash payment services offered in association with this Package are appropriate for you please carefully read the booklet ‘Your Guide to Wide Bay Australia's Accounts and Banking Services'
^^ the 0.4% rate discount applicable to the Professional Australian Home Loan (L12) uses the Wide Bay Home Loan (L1) Standard Variable rate as the reference rate. The 0.4% rate discount for Professional Australian Line of Credit (L16) uses the Freedom Line (L15) Variable rate as the reference rate. Failure to pay the annual Package Fee will result in the loan or line of credit reverting to the applicable reference rate and all other products forming part of this Package reverting to standard terms and conditions applicable to that product.. If the loan or line of credit is withdrawn, cancelled or paid out all products forming part of this Package will revert to these standard terms and conditions.
^The Comparison Rate is 9.30% 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.
# Some transaction and service fees will continue to apply. – details
are contained in
Fees & Charges (PDF, 237KB).
BPAY® is a trade mark of BPAY Pty Ltd (ABN 69 079 137 518)
* Gold Rewards MasterCard offered by arrangement with Citibank Pty Limited ABN 88 004 325 080 (AFSL Licence No. 238098) who supply and administer credit. Cards available to approved applicants - terms, conditions, fees and charges apply – details on application
**Allianz Australia Insurance Limited ABN 15 000 122 850 (AFS Licence No: 234708 (‘Allianz) is the insurer of the insurance policies offered with this Package. Wide Bay acts as an agent of Allianz – not as your agent. We do not provide advice about these policies based on any consideration of your personal objectives, financial situation or needs. To decide if it they are right for you or to help you make an informed decision about whether to acquire an Allianz insurance product through Wide Bay please carefully read the relevant Allianz Product Disclosure Statement and the
Wide Bay Australia Financial Services Guide (PDF, 84KB).
