Quay Credit Union

Benefits of a packaged home loan

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It’s not uncommon to have your mortgage with one bank and credit card with another. It’s likely your insurance products are with another company too. Wouldn’t it be great if they could all be bundled together to save you time and money? Luckily, such a thing exists in the form of a packaged home loan.

A packaged home loan – the home loan with the lot

A packaged home loan can combine your mortgage with other related financial products. Depending on your circumstances, owner-occupied and investment property home loans may be eligible. A packaged home loan will usually have an annual package fee – often around $400 per year.

What’s included in a packaged home loan?

Packaged home loans vary depending on the financial institution but some of the inclusions that may be bundled together include:

Can a packaged home loan save me money?

Potentially yes! However, it of course, depends on your circumstances and whether you use the bundled products and benefits and how you use them too. There are a few potential ways you could save if you take out a packaged home loan as opposed to a standard mortgage.

What else do I need to know?

A packaged home loan can be useful. However, before you sign on the dotted line, there are things you should consider:

How do I find out more?

Qudos Bank has a Low Cost Home Loan (Value Package) with one of the best home loan rates in Australia. To find out more about it and see if it suits your needs, contact Qudos Bank on 1300 747 747 or send us a message.

 

  Disclaimer:

Loans are subject to approval. Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval. You should read and consider the relevant Terms and Conditions and our Financial Services Guide available on our website qudosbank.com.au, before deciding whether to obtain any of our financial products or services.

Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305. The information in this article is of a general nature and has been prepared without considering your objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances.

 

Article published May 2019