Medical professionals are premium borrowers. Get exclusive rates, higher lending limits, and LMI waivers up to 90% LVR.
Medical professionals are among the most sought-after borrowers in Australia. Here's why lenders compete for your business.
GPs average $150K-$300K, specialists earn $300K-$600K+. Lenders know you can afford the repayments.
Medical professionals have near-zero unemployment. Healthcare is recession-proof and always in demand.
Doctors have statistically the lowest mortgage default rates of any profession. You're a safe bet.
Medical Board registration proves qualifications and gives lenders confidence in your professional standing.
Access exclusive loan features not available to general borrowers.
Get 0.2-0.5% rate discounts with medical professional packages. On a $1M loan, that's $3,000-$7,000/year saved.
Example Savings
$1,000,000 loan × 0.3% discount = $3,000/year or $90,000 over 30 years
Most borrowers pay LMI above 80% LVR. Medical professionals can avoid it up to 90% LVR (some lenders even 95%).
LMI Saved
$900K purchase (10% deposit) = Save $25,000-$35,000 in LMI
Locum work, private practice income, and fellowship allowances can all be included in serviceability assessments.
Income Types Accepted
Medical professional applications are often fast-tracked through credit assessment. Get conditional approval in 24-48 hours.
Typical Timeline
Submit → 1 day → Conditional Approval → 3-5 days → Full Approval
Medical professionals can often borrow 6-7× gross income compared to 5-6× for general borrowers.
Borrowing Example
$200K income = $1.2M - $1.4M borrowing capacity
Many lenders waive application fees, annual fees, and valuation fees for medical professionals.
Typical Fees Waived
Application: $600 + Annual: $395 + Valuation: $300 = $1,295 saved
Medical income can be complex. Here's how lenders calculate your borrowing power.
Hospital Base Salary
$180,000
Hospital Consultant Fee
$350,000
Not all lenders offer medical professional packages. Here are the top options.
Variable Rate from
5.69%
Comparison Rate 5.89%*
Best for: Medical specialists with high income. Industry-leading medical professional package.
LMI Waiver
Up to 95% LVR
Max Loan
$5 million
✓ Accepts locum income (3 months history) • ✓ Private practice income • ✓ No annual fees • ✓ Professional package discount
Variable Rate from
5.79%
Comparison Rate 5.94%*
Best for: Early-career doctors and registrars. Strong support for medical training pathways.
LMI Waiver
Up to 90% LVR
Rate Discount
0.3% off
✓ Available to registrars • ✓ Fellowship allowances accepted • ✓ $0 application fee • ✓ Free valuation
Variable Rate from
5.84%
Comparison Rate 5.99%*
Best for: Doctors wanting comprehensive banking relationship. Australia's largest bank.
LMI Waiver
Up to 90% LVR
Max Loan
$3 million
✓ Medical professional package • ✓ Premium banking benefits • ✓ Fast approval for medical specialists • ✓ Branch network
Variable Rate from
5.74%
Comparison Rate 5.91%*
Best for: Doctors wanting lowest rates. Digital-first with competitive professional package.
LMI Waiver
Up to 90% LVR
Annual Fee
$0
✓ Lowest rates for medical professionals • ✓ 100% online application • ✓ Fast approval • ✓ Backed by NAB
We compare 32+ lenders to find your best medical professional package rate.
Get Your Rate →Yes! Many lenders offer medical professional packages to doctors in training. NAB and Macquarie specifically have programs for registrars. You'll need your current employment contract and evidence of your training pathway (e.g., fellowship enrollment). Some lenders will consider your future earning potential as a qualified specialist.
Most lenders require 3-12 months of consistent locum work history. You'll need to provide locum contracts, payment evidence, and your AHPRA registration. Some lenders (like Macquarie) only need 3 months of history, while others require 12 months. Private practice income typically requires 2 years of tax returns plus current year profit & loss statements.
Not necessarily! Medical professionals can get LMI waivers up to 90% LVR (some lenders even 95%). On a $900K purchase with 10% deposit, that saves you $25,000-$35,000 in LMI. This is one of the biggest benefits of medical professional packages. You'll still need genuine savings for your deposit, but the LMI waiver makes it much easier to enter the market sooner.
Both GPs and specialists qualify for medical professional packages, but specialists often get access to higher loan amounts and some lenders offer slightly better rates for specialists. The main difference is borrowing capacity - specialists with higher incomes can borrow more. All medical professionals with AHPRA registration qualify for LMI waivers and professional package discounts.
Yes, but HECS/HELP debts do affect your borrowing capacity. Lenders calculate your minimum HECS repayment based on your income and reduce your borrowing capacity accordingly. For example, a $100K HECS debt might reduce your borrowing by $50K-$80K depending on your income level. However, medical professionals' higher incomes typically offset this impact. Some lenders are more HECS-friendly than others.
Absolutely! Medical professionals frequently relocate for positions, and lenders understand this. You'll need your new employment contract showing start date and salary. Some lenders can approve you before you start the new role, while others may require you to have started. If you're relocating interstate, consider lenders with national presence like the Big 4 banks.
Complete our 2-minute assessment and we'll show you exactly which medical professional packages you qualify for, plus how much you can save.
✓ AHPRA-registered doctors only • ✓ No obligation • ✓ Compare all medical professional packages
