Pro Packages - Rate discount based off initial or current loan amount?

Nearly all the professional packages have interest rate discounts based off the 'loan amount'. e.g. 0-100k = 0% discount, 100-150k = 0.25%, 150-250 = 0.5%, and 250+ = 0.75%

The question I have, are these discounts worked out based off:
1) the original loan amount, regardless of how much is left
2) the current loan value/balance
3) the current balance minus any amounts in offsset

E.g. if you've only got the one property with a large amount in an offset, will there be a point where the pro packages are useless?

Peter
 
The original loan amount.

And, if you keep taking out loans make sure you get them to increase your discount. Doesn't hurt to always try for a bit more too. I'm currently 85bp discount under the WBC pro pack just by trying it on.

Cheers,
Michael
 
The original loan amount.

And, if you keep taking out loans make sure you get them to increase your discount. Doesn't hurt to always try for a bit more too. I'm currently 85bp discount under the WBC pro pack just by trying it on.

Cheers,
Michael

I thought WBC pro pack will only go up to 0.7% discount.
 
Most lenders have a pricing department your banker or MB can apply to for larger loan amounts. As a generaly rule loan amounts over a mill might get up to .8 to .9% off the STV, depedning on the lender and their risk profile/market share at the time.......
 
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