Medical Professional & Doctor Home Loans

Get special treatment with medico loans & Doctor home loans, provided by specialist lenders across Australia. In fact, it’s not just home loans, it’s also other financing where you’ll be given preferential rates. As a Medical professional, many banks and lenders see you as a safe borrower. They’ll provide you with special benefits and more favourable lending policies. whether it’s your first home or an investment property.

Doctors, Dentists, Surgeons, Specialists, General Practitioners, Physiotherapists, Chiropractors, Veterinarian, Optometrist, Obstetricians, Podiatrists, Allied Health Professionals, Complementary Medicine Practitioners and other self-employed health professionals may be able to access features when applying for a home loan, including:

What The Medical Profession & Doctors Get

Low deposit loan amounts
No deposit loans
Lenders Waive LMI – You don’t need to pay Lenders Mortgage Insurance
Only 6-months of self-employed income verification required
Lower Interest rates
Borrow up to 100 %
Dedicated Relationship Managers to assist with your day-to-day banking needs

Our experienced, Sunshine Coast-based brokers are here to help you to understand any benefits that may be available via Medico financing and Doctor home loans. You’ll get better conditions for many kinds of finance.

What Exactly are Medico Loans?

Medico Loans, a specialised offering in Australia, cater to the distinct financial needs of medical professionals, setting them apart from traditional or “normal” home loans. Medico Home Loans are designed to acknowledge the unique circumstances and earning potential of doctors, dentists, specialists, and other medical practitioners. Here’s how Medical Home Loans differ from regular home loans:

Specialised Eligibility Criteria: Medico Home Loans recognise the typically higher earning capacity and future income potential of medical professionals. Australian lenders may consider projected earnings when assessing eligibility, allowing for more favorable terms than people in other professions.
Higher Borrowing Limits: Due to the higher earning potential, Medico Home Loans may provide the opportunity for a higher borrowing limit compared to standard home loans. This enables medical professionals to secure properties that align with their professional and lifestyle aspirations.
Lower Deposit Requirements: Medical professionals often face delayed entry into the workforce due to extended education and training. To accommodate this, Medico Loans may offer reduced deposit requirements, making it easier for them to enter the property market sooner.
Flexible Repayment Structures: These loans may feature flexible repayment structures that align with the fluctuating income patterns of medical practitioners. This can include options for interest-only periods during times of lower income and stepped repayments that increase as income rises.
Tailored Interest Rates: Medico Home Loans might offer preferential interest rates to reflect the lower risk associated with professionals in a stable and high-demand field, potentially resulting in cost savings over the life of the loan.
Lender Understanding: Lenders offering Medico Home Loans have a deeper understanding of the medical industry, including its unique financial challenges. This understanding often translates into a more empathetic and personalised approach to the lending process.
Additional Benefits: But wait, there’s more! Some Medico Loans come with added benefits, such as professional packages that include fee waivers, not needing to pay LMI, offset accounts, and credit cards with special terms, enhancing the overall financial package.

In contrast, traditional home loans in Australia are designed for a broader range of borrowers and may not take into account the specific circumstances and earning potential of medical professionals. They typically follow more standardised eligibility criteria, deposit requirements, and repayment structures.

However, if you’re in the medical industry, you’ll be provided a pathway to achieve homeownership with greater ease, flexibility, and recognition of your unique financial profile.

Are Doctor Home Loans Different From Medico Loans?

No, although, Medico Loans are usually to assist medical professionals, such as doctors, dentists, and veterinarians, in various financial needs, outside of purchasing a home, whereas “doctor home loans” (also known as physician home loans) are specialised home loans for medical professionals.

Doctors Loans aren’t limited to just doctors. It’s just a phrase coined for financing the medical industry.

These finance options often come with specific benefits, such as lower down payments, relaxed credit score requirements, and sometimes even discounted interest rates.

From Our Clients

I’ve recommended these guys before but I need to do it again and again as they have played a key role in helping me achieve my goals from buying my first property, my vehicle and now refinance + second property. I really don’t think any of those things would have happened without their strategic planning, diligence and excellent communication. If you’re looking to buy a new property or refinance your current home I cannot recommend Luke Meisenhelter and his team enough. Thanks guys.

Lauren McCarthy

Brett Nicholas made it such a seamless and stress free process!

Simon McMahon

Diligent and acts fast with every requirement. Explains the steps.

Richard Beckett

Ready to get started?Discover your options and chat with a Loanright Broker about Doctor home loans & medical loans today.

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Medical Professional Reviews

					The best company they are very professional and very efficient thanks so much Luke and Deb				
Moni Saavedra
7/12/2023

					We trust the Team at Loanright with our financial guidance. Throughout the whole process they make sure you are informed in time, accurately and with all the transparency you could ask for. It really sets you at ease that they have your best interest in mind. Their customer service is prestine and always available for you to ask any questions you may have. Thank you Loanright Team!				
Felipe Prado
6/19/2023

					It has been a pleasure dealing with Luke and his team. During the process Alicia and Shayna have been very informative and kept in contact regularly to make sure we knew what was happening every step of the way! We will definitely be using Loanright in the future and highly recommend. Thank you again for helping us purchase our first home. ????				
Thea Hambuechen
6/19/2023

					Luke and his fantastic team will take care of everything, An honourable mention to Deb Moss for meeting me at 6 am at a BP station to sign docs on here day off to enable me to get the house I had been chasing for months. Ledgends. Have dealt with Luke and his team before and will use them again and again their service is second to none.				
Nicholas Hopkins
6/19/2023

					We have recently re-financed with Luke and his team at Loanright.  Our experience has been outstanding and the advice and introduction to a variety of products to suit our needs, was exemplary.  The team at Loanright are incredibly thorough, efficient, and very knowledgeable. We were lucky enough to to work with many of the team,  and we cannot fault the service of each and every one.  I would strongly recommend Loanright to anyone considering a new mortgage or refinancing.				
Bryanna Farrell
6/19/2023

					The team were extremely knowledgeable  and were able to get us the finance we needed. The whole process was simple and fast. Highly recommend				
Sam Bowman
6/19/2023

					A truly fantastic service from Brett & Alicia.  We needed a review of available options for a re-mortgage.  They provided a thorough market analysis and recommendations, dealing effectively with any questions or queries we had which led us to proceed with an application through them.  Communication was exceptional throughout the process.  A very professional yet friendly and approachable team.  Loanright will always be our first point of call moving forward - highly recommended.				
Stuart Cooper
5/19/2023

					Luke and Shayna were extremely helpful getting our home loan approved. Not only did they move quickly and work after hours to meet our quick deadline, but they educated us and ensured we were well informed before we signed any papers. I highly recommend Loanright!				
Leighton Marshall
5/19/2023

					I have purchased three properties using Loanright. Luke & Shayna always prepare an incredibly personalised financial plan for my situation and make sure I am completely across my options. Their service is impeccable - I cannot recommend them highly enough! I feel confident knowing they have my best interests at heart.				
Sophie Williams
5/19/2023

Medical Loans FAQ's

A Doctor home loan, also known as a physician mortgage or medic finance, in essence is giving medical professionals better rates than the general-public. It’s a home loan product for medical professionals, including doctors, dentists, and veterinarians. These loans cater to the unique financial circumstances and needs of healthcare professionals who are subject to casual contracts, relief work, and uncertainty of income.

Typically licensed Australian medical professionals. For example, doctors (GPs and specialists), dentists, veterinarians, surgeons, and some other healthcare professionals are eligible for doctor home loans.

The borrowing capacity for a doctor loan depends on your income, employment status, contract type, credit history, property value, purchase price, and the lender’s criteria. Generally, medical and doctor loans allow for higher values and reduced interest rates in comparison to standard home loans, with more favorable terms.

Having existing student loans or debts does not necessarily disqualify you from obtaining a doctor loan. Lenders understand that medical professionals may have substantial education-related debts and consider these factors when assessing your loan application. However, your overall financial situation will be taken into account during the evaluation process.

Our specialist Mortgage Brokers make it easy for you. We handle almost everything for you. First, we give you a verbal, informal pre-approval that you’re in a financial position that banks and specialist lending companies will approve. Our mortgage brokers can usually give you an answer within 60 minutes. We then compare all medical lending institutions and find a loan deal that gives doctors and medical profession workers the best benefits. We’ll present you with loan offer options and make a recommendation of whom to borrow from. We then submit your application.

There is still an eligibility criteria required, but even though you’re a doctor with significant student debt, your profession is given benefits. For example, you’ll avoid LMI fees, even though you might have a low deposit. you’ll get preferential interest rates on home loans, which leads to lower loan repayments. It’s best to talk to our Medical Loan Brokers at the time that you’re starting to think about purchasing a property and they’ll talk you through your best options.