Home loans for doctors, medical professional and health care professionals

Updated: Correct as of 11th Novemebr 2019

Sometimes referred as a medico package home loan, as the name suggest it's a special discounted home loan ( life of the loan discounts) with special flexible policy made available for borrowers employed in the medical industry.

Bank's provides favorable discount and flexible policy for medical professionals and other professionals because, according to bank's statistic Medical professionals and Doctors has the lowest mortgage delinquency rate and tend to start their own practice which require commerial and business loan later down the track.

The 9 industries that banks has special policy and loans for;

1. Medical professionals, health care professionals, nurse and doctors

2. Lawyers, barrister, judge and magistrate

3. Civil Engineers, Software Engineers, mining Engineers and geotechnical sciences

4. Accountant with CPA or CA and Financial Planners, Auditors and Actuarial

5. CEO, CFO and high management

6. Real estate agents, property valuers, Quantity Surveyor and Architects

7. Politician 

8. Professional athletics

9. Actors, actress, public personnel, Radio host and Television host

Loans for Doctors, Dentist, Optometrist, Pharmacist and other medical profesionals 

Type of loans and specials for health care professionals 

Will have access to the following.

• NO LMI ( No Lenders mortgage insurance)  loans up to 85% and  90% 
• A bigger discount on home loans, commercial loans and business loans - Available for investment loans and owners occupied
• Flexible choice of income - We can accept 1 years self employed tax returns  and also we can accept 1 years ABN for contractors
• Increase borrowing capacity than your average loan
• A wider rang of securities that we can accept at a higher LVR - Dual key apartments/ Units under 50 sq meters
• Access to higher LVR commercial loans and business loans
• Probation is fine
• Access to full doc loans and low doc loans

No LMI home loan for Medical professional, Nurse and Doctors

	85% LVR NO LMI	90% LVR  NO LMI	Extra Interest rate discount  for IP and Owners  ( 11th November 2019)
Anaesthetist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Cardio Thoracic Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Cardiologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Chiropractor	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Clinical Pharmacologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Cosmetic Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Dentist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Dermatologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Ear and Throat Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Emergency Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Endocrinologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Gastro Intestinal Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Gastroenterologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Haematologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Hepatologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Immunologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Nurse	Investment and Owners ** Min income and min work years applies		Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Neuro Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Neurologist and Nephrologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Obstetrician	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Oncologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Ophthalmologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Optometrist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Oral and Maxillofacial Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Orthopaedic Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Orthopaedic Registrars	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Otolaryngologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Paediatric Surgeon (Neonatal/Perinatal)	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Pathologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Pharmacist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Physio	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Plastic Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Psychiatrist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Radiologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Radiographer	PPOR and IP ** Min income and min work years applies		Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Reconstructive Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Respiratory/Thoracic Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Rheumatologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Surgeons	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Urologist	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Vascular Surgeon	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable
Veterinarian	Investment and Owners	Investment and Owners	Discount up to 2.15% off = From 2.74% Fixed rate and 2.80% Variable

Owners= Principle place of resident  

Investment = Investment property

Available for refinance/ Purchase, cash out, equity and debt consolidation.  

Correct as of 11th Nov 2019

Eligibility for Medico Package home loans and NO LMI home loans

Anaesthetist.
Cardio Thoracic Surgeon
Cardiologist

Chiropractor
Clinical Pharmacologist
Cosmetic Surgeon
Dentist
Dermatologist
Ear and Throat Surgeon
Emergency Surgeon
Endocrinologist
Gastro Intestinal Surgeon
Gastroenterologist
General Practitioner
General Surgeon
Gynaecologist
Haematologist
Hepatologist
Immunologist

Nurse
Nephrologist
Neuro Surgeon
Neurologist
Obstetrician
Oncologist
Ophthalmologist
Optometrist
Oral and Maxillofacial Surgeon
Orthopaedic Surgeon
Orthopaedic Registrars
Otolaryngologist
Paediatric Surgeon (Neonatal/Perinatal)
Pathologist

Pharmacist

Physio
Plastic Surgeon
Psychiatrist
Radiologist
Reconstructive Surgeon
Respiratory/Thoracic Surgeon
Rheumatologist
Surgeons
Urologist
Vascular Surgeon
Veterinarian