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Medical professionals

Lending that reads a medical career the way lenders should.

Updated

Doctors, dentists, specialists, vets and pharmacists earn in ways standard lending forms do not expect: registrar rotations, locum and on-call income, practice distributions and a career that starts late and climbs. Some lenders recognise that with reduced or waived lenders’ mortgage insurance and a wider view of income. We assess which ones, and structure the application so your position is seen properly.

Start a medical finance review How we assess

Short assessment to begin. No documents at this stage, no credit check. Eligibility for medical lending policies depends on your profession, registration, income and the lender.

How medical income is earned, and how much of it a lender will count A standard lending form shown as a single grey bar holding base salary only. Below it, the income a medical policy can count: base and rostered hours beside locum, on-call and practice billings. Below that, what can differ between lenders and what does not change. THE INCOME A STANDARD FORM SEES Base salary, entered once, in a single box the rest of how the income is earned is left off THE INCOME A MEDICAL POLICY CAN COUNT Base and rostered hours Locum, on-call, billings counted to the extent the lender’s own policy allows ProfessionRegistrationEntity structureIncome history WHAT CAN DIFFER, AND WHAT CANNOT LMI reducedwith some lenders onlyHigher ratiossubject to eligibilitySame assessmenton every application eligibility depends on profession, registration, income and the lender How medical income is earned, and how much of it a lender will count THE INCOME A STANDARD FORM SEES Base salary, in a single box WHAT A POLICY COUNTS Base and roster Locum, billings ProfessionRegistrationEntity structureIncome history WHAT CAN DIFFER, AND WHAT CANNOT LMI reducedsome lendersHigher LVRif eligibleAssessmentsame every file eligibility depends on the profession and the lender
How medical income is earned, and how much of it a lender will count
2010Established
$1B+Lending settled
50+Lenders through our lender and aggregator network
PremiumBroker status with leading banks
5.0From 196 Google reviews

At a glance

Who it is for
Registered medical practitioners, dentists, specialists, veterinarians, pharmacists, optometrists and some allied health professions, salaried or in practice
What can differ
Reduced or waived lenders’ mortgage insurance with some lenders, subject to eligibility; income assessed on how medical income is earned
What does not change
Full assessment, responsible lending and documentation apply to every application
Also arranged
Practice purchase or fit-out, medical equipment finance, investment property and SMSF lending
Credit assistance
Dayan Kasturiratna, Australian Credit Representative 394747, under Australian Finance Group Ltd, ACL 389087
What we arrange

Four kinds of medical lending, assessed on how the income is really earned.

Home, investment, practice and equipment. Different lenders, different policies, one question first: which lender treats your profession, your income mix and your entity structure the way you need.

A doctor and partner at the front of a renovated period home in a Melbourne suburb, keys in hand01

Home loans for medical professionals

Purchase, refinance and upgrade. Some lenders offer reduced or waived lenders’ mortgage insurance at higher loan to value ratios to eligible medical professions, which can change the deposit needed and the total cost. Eligibility depends on profession, registration and the lender’s policy at the time.

Begin A registrar reviewing a roster and payslips at a kitchen table in the evening02

Income assessed properly

Registrar and fellowship rotations, locum and on-call income, overtime, private billings through a service entity and practice distributions. We map how the income is earned and which lender will count it, before the application is written.

Begin A newly fitted-out medical consulting suite with reception desk and treatment rooms03

Practice purchase and fit-out

Buying into or setting up a practice: goodwill, premises, fit-out and working capital while the patient base builds. Assessed on the practice’s earnings and your own capacity, structured so the premises and the practice entity are not cross-secured unless they need to be.

Begin Dental treatment chair and imaging equipment in a modern dental surgery04

Equipment and vehicle finance

Imaging, dental and surgical equipment, practice technology and vehicles, structured so the asset carries itself rather than tying up property security or the practice overdraft.

Begin

Eligible professions and the lending policies that apply to them vary by lender and change over time. We confirm the position with the lender before anything is lodged, and no approval is given in advance.

How we assess

Profession, income and structure.

Three things decide how a medical application lands: whether the lender recognises the profession under a medical lending policy, how the lender counts income that is earned in rotations, locums and distributions, and which entity should hold the property or the practice.

Front elevation of a two-storey townhouse in a leafy Melbourne suburb, morning light

Home and investment lending: what is assessed

  1. Profession and registration against each lender’s medical policy list
  2. Income by source: salary, overtime and on-call, locum, private billings and distributions, and how much of each the lender counts
  3. Loan to value ratio and whether lenders’ mortgage insurance is reduced, waived or applies in full
  4. Which entity holds the property: personally, through a trust, or a service entity, and which lender suits that entity
  5. Existing HECS or HELP debt, practice loans and guarantees, and their effect on capacity
  6. Serviceability at the assessed rate and after a rate rise
Consulting room interior with desk, examination bed and afternoon window light

Practice and equipment lending: what is assessed

  1. The practice’s earnings, patient base and billing history, or the vendor’s figures for a purchase
  2. Your own capacity alongside the practice: salary continuing, drawings expected, and the ramp-up period
  3. Premises: lease terms or purchase, fit-out cost and who holds the premises
  4. Equipment: asset type, useful life, and whether it should carry itself on asset finance
  5. Entity structure: service entity, practice company or trust, and who guarantees what
  6. Whether property security is being asked for where the practice can carry the facility on its own
Illustrative scenarios

Three medical positions, assessed the way a lender would.

Hypothetical positions with rounded figures, built to show how the assessment works. None is a client result, approval, quote or promise.

Illustrative scenario

First home for a registrar with a rotation income

Position
Second-year registrar, salaried
Overtime and on-call history
12 months
Purchase price
~$950,000
Deposit available
~10%
Standard treatment
LMI at 90% LVR
Medical policy treatment
LMI reduced or waived, some lenders
Income counted
Base plus a share of overtime
Outcome considered
Less cash at settlement

Whether lenders’ mortgage insurance is reduced or waived depends on the profession list, registration and lender policy at the time. The saving is real where it applies; it is not a discount on the assessment.

Illustrative photograph of a compact modern apartment building in inner Melbourne Illustrative image Illustrative scenario

First home for a registrar with a rotation income

Counting the income the roster actually pays.

Illustrative scenario

Buying into a practice while keeping the home separate

Position
Specialist, seven years in practice
Buying
A one-third share
Purchase price of the share
~$600,000
Practice earnings
Consistent, three years
Home offered as security
No
Structure considered
Practice loan on the practice entity
Equipment
Separate asset finance
Outcome considered
Home stays clear

Some lenders ask for property security by default. One of the things we assess is whether the practice can carry the facility on its own. Where it can, we structure the application that way and say so to the lender.

Illustrative photograph of a suburban medical centre with a small car park Illustrative image Illustrative scenario

Buying into a practice while keeping the home separate

The practice carries the practice.

Illustrative scenario

An investment property at 90% with no lenders mortgage insurance

Position
Specialist, six years in private practice
Purchase
Investment apartment, ~$1.4m
Deposit
~10%, home not offered as security
Standard treatment
LMI on the full loan at 90%
Medical policy treatment
LMI waived to 90% with some lenders, profession list applies
Rent counted
~80% of gross
Structure considered
Own security, separate loan, no cross-collateralisation
Outcome considered
Purchase without the premium or the home

The waiver applies to the profession and the registration, not to the purpose, so it is available on an investment purchase with the lenders that offer it. The assessment is unchanged; the cash at settlement is what changes.

Illustrative photograph of a modern mid-rise apartment building near a Melbourne hospital precinct Illustrative image Illustrative scenario

An investment property at 90% with no lenders mortgage insurance

Investment at 90% under the profession policy.

Illustrative scenarios. Figures are hypothetical and rounded. These are not client results, approvals, quotes or promises. Lender policies for medical professions vary and change; eligibility is confirmed with the lender before anything is lodged. Finance remains subject to lender assessment, valuation, documentation and applicable law.

How it works

Four steps, and nothing lodged until you agree.

01

Tell us your profession and what you are doing

A short assessment: profession, how you are paid, what you are buying or funding, deposit or equity, and timing. No documents, no credit check.

02

We map income and policy

With your agreement, we gather what the lender will need, work out how each lender counts your income, and confirm which medical lending policies you are eligible for, before anyone else sees it.

03

We take it to the right lender

Major bank, specialist or non-bank, chosen for your profession, income mix and entity structure, across our lender and aggregator network. Costs and conditions set out in writing.

04

You decide, then we lodge

Nothing is lodged until you have seen the terms and agreed. If the standard product is the better answer, we say so.

What we will ask for at step two

  • Current registration and evidence of your profession
  • Payslips, employment contract and the last two years of tax returns or notices of assessment
  • Locum, private billing or distribution statements where they apply
  • Existing loan, HECS or HELP and guarantee statements
  • For a practice: financial statements, the purchase agreement or valuation, and the premises lease
  • For equipment: the quote or invoice and the asset details

What we will not do

  • Present a medical lending policy as an entitlement or an approval in advance
  • Quote a capacity figure as if it were an approval
  • Advise on whether to establish an SMSF or invest through super
  • Put your home up as security when the practice can carry the facility on its own
Who you will deal with

One person, from the first conversation.

Medical lending files sit with Dayan Kasturiratna, who provides the credit assistance on every file.

Dayan Kasturiratna, Founder and Director of Opulent Finance, seated in a Melbourne boardroom

Dayan Kasturiratna

FIPA FFA CTA

Founder and Director. Chartered tax adviser and finance specialist. Australian Credit Representative 394747, under Australian Finance Group Ltd, ACL 389087.

Established Opulent Finance in 2010. Medical careers produce income that standard forms misread and lender policies that reward the right application. The work is putting the two together so the position is seen properly the first time.

Mobile0423 272 600 Office1300 001 551
dayan@opulentfinance.com.au
WINNER · 2026Best Solo OperatorAFG Broker AwardsWINNER · 2025 · VIC/TASBest Finance Brokerage (Office)The Adviser Better Business AwardsOpulent Finance
Premium Broker statusWith leading banks
Established 2010Melbourne finance brokers
Burwood, Victoria22 Harker Street

Credit assistance is provided by Dayan Kasturiratna, Australian Credit Representative 394747, authorised under Australian Finance Group Ltd, Australian Credit Licence 389087.

Google reviews

What clients say about working with us.

5.0196 Google reviews
Dayan and the team were approachable and knowledgeable, and always willing to help.Bich Thuy Nguyen on Google
Both were warm and friendly and always available.Melanie Georgiou on Google
I highly recommend Dayan and Lihini for their honest, professional, and reliable service.Varuni Wickramasinghe on Google

Where these reviews come from, and the rest of what clients say

Questions

Before you start.

Which professions qualify for medical lending policies?

Lists differ by lender, but commonly include registered medical practitioners, dentists, medical specialists, veterinarians, pharmacists, optometrists and some allied health professions. Some lenders include interns and registrars; others require a minimum period of registration. We confirm your profession against each lender’s current list before the application is written.

What does a waived lenders’ mortgage insurance policy actually change?

Lenders’ mortgage insurance is a one-off premium charged when the loan is above a set loan to value ratio, usually 80%. Some lenders waive or reduce it for eligible medical professions at higher ratios. That changes the cash needed at settlement and the total cost of the loan. It does not change serviceability, credit assessment or responsible lending obligations, which apply in full.

How do lenders treat registrar, locum and on-call income?

Differently. Some count overtime and on-call in full with twelve months of history; others take a share. Locum income and private billings through a service entity are usually assessed on tax returns or business activity statements over a longer period. We map each income source and which lender counts it before choosing where to apply.

Can I buy the practice premises and fund the fit-out together?

Often, and sometimes it is the wrong structure. Premises are commercial property, assessed on value and lease; fit-out is a practice cost, assessed on the practice’s earnings; equipment usually carries itself on asset finance. Combining them can tie the premises to the practice’s security when it does not need to be. We assess each part and structure them so the entities are separated where that protects you.

Does an enquiry affect my credit score?

No. The assessment and our review involve no credit enquiry. A credit check only occurs if you decide to proceed with an application, and we tell you before it happens.

Can I use my SMSF or a trust to buy the practice premises?

A self-managed super fund can, in some circumstances, borrow to buy business real property and lease it to your practice, under a limited recourse borrowing arrangement. It is a specialised structure with its own rules, and we do not advise on whether to establish an SMSF or invest through super; that is advice for your accountant or financial adviser. If the fund and the advice are in place, we arrange the lending.

Further reading

Articles on medical lending.

Longer reads from our archive, written for practitioners rather than lenders.

ArticleA medical lending specialist guide for doctorsRead ArticleMedical professionals and lending paths that support growthRead ArticleMedical professionals building wealth through lendingRead ArticleSmart ways to grow with medical lendingRead ArticleHome loans for healthcare workersRead
Ready when you are

Tell us your profession. We will tell you which lenders will see it properly.

Short assessment. No documents at this stage, no credit check. Contact at the time and by the method you choose.

Start a medical finance review How we assess

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