Medical Worker Loans

Work In The Medical Industry? You Get Amazing Benefits With A Medical Professional Loan!

Before a financial institution will lend money to any borrower, they take a look at the loan applicant’s credit record and financial history. This helps them determine the applicant’s ability to repay the loan, or what loan amount they’d be comfortable able to afford.

Lenders look at certain borrowers as being lower risk, and these borrowers get a special consideration during the approval process. If you’re a dentist, doctor, lawyer, accountant or another professional with a high annual income, you have a unique opportunity to save thousands on your mortgage through a medical professional loan.

These medical professional loans entitle some borrowers to extra perks depending on the lender. These perks include things like better interest rates, discounted fees, the ability to avoid lender’s mortgage insurance (LMI) payments, waived fees and a higher loan-to-value ratio.

How Medical Worker Professional Loans Work

You can use medical professional loans to buy your first home, purchase a second home, purchase an investment property, build a new home or switch from the mortgage you have currently to one with better rates (refinance).

These types of mortgages come set up just like you’d set up a regular mortgage. But, the difference is that if you’re a highly paid professional in the medical industry, you can get a loan that comes with benefits and features that lenders would give their low-risk borrowers. Even if you don’t have stellar credit or a long financial history, your profession can make financial institutions view you as lower risk.

For example, some financial institutions will let medical professionals borrow upwards of 90% of the property’s value that they plan to buy. Sometimes, they can borrow even more without having to take out and pay lenders’ mortgage insurance. This is a large benefit afforded to this type of mortgage.

Typically, if you were to borrow 80% or more of the property’s value with a regular home loan, financial institutions require you to carry lenders’ mortgage insurance. We have lenders who may even allow you to borrow up to 100% of the property’s value if you plan to be an owner-occupier, subject to criteria. Taking out a medical professional loan eliminates this additional cost and removes the lenders’ mortgage insurance requirement.

Comparing Loans for Medical Professionals

When you apply for a specialist home loan like a medical professional loan, there are several things you want to compare to ensure you get the best option possible. They include: 


Ensure that you understand any and all fees associated with your loan. Also, make sure that you ask about which fees this loan waives or discounts before you sign and lock yourself in. 

Interest Rates

The interest rate could potentially add thousands over the life of the loan. It’s a good idea to compare rates from different lenders and check whether or not they offer discounts. Our brokers have a extensive understanding on which lenders offer Medical Professional Loans, we’ll do the shopping around for you.

Lenders’ Mortgage Insurance (LMI)

Arguably one of the best features of this loan is that you can borrow 90% and up of the property’s value without paying lenders’ mortgage insurance.

Loan to Value Ratio (LVR)
How much of the property’s value will the financial institution let you buy? This will vary from lender to lender. However, some medical professional loans offer up to 100% of the loan-to-value ratio if you plan to be an owner-occupier.


Other options and features can make this loan even better. Find out whether or not you can make additional payments without getting a penalty or if the loan’s benefits extend to things like an offset account or a redraw facility.

Financial Institutions That Offer Medical Professional Loans

In Australia, there are a few prominent lenders that offer medical professional loans. They include well-known and trusted institutions and we have developed strong relationships with each of these lenders ensuring you get the best product with the best service possible.

Medical Professionals Entitled to Medical Professional Loans

There are dozens of professionals that can get a medical professional loan. They include: 

  • Academic Pharmacist
  • Anaesthetist
  • Anesthesiologist
  • Animal chiropractor
  • Cardiologist
  • Cardiothoracic Surgeon
  • Chiropractor
  • Clinical Pharmacologist
  • Clinical Pharmacy Specialist
  • Community Pharmacist
  • Compounding Pharmacist
  • Consultant Pharmacist
  • Cosmetic Surgeon
  • Dental Specialist
  • Dentist
  • Dermatologist
  • Doctor
  • Drug Information Pharmacist
  • Ear and Throat Surgeon
  • Emergency Doctor
  • Emergency Medicine Specialist
  • Emergency Surgeon
  • Endocrinologist
  • Epidemiologist
  • Gastro Intestinal Surgeon (Upper/Lower)
  • Gastroenterologist
  • General Practitioner (GP)
  • General Surgeon
  • GP Registrar
  • Gynaecologist
  • Haematologist
  • Heart Doctor
  • Heart Surgeon
  • Hepatologist
  • Herpetologist
  • Home Health Pharmacist
  • Hospital Pharmacist
  • Hospital-employed doctors
  • House Medical Officer (HMO/residency)
  • Immunologist
  • Industrial Pharmacist
  • Informatics Pharmacist
  • Intern doctor (internship)
  • Junior Medical Officer (JMO/residency)
  • Kinesiologist
  • Locum Pharmacist
  • Managed Care Pharmacist
  • Maxillofacial Surgeon
  • Medical Administrator
  • Medical Practitioner
  • Medical Registrar
  • Military Pharmacist
  • Nephrologist
  • Neurologist
  • Neurophysiologist
  • Neurosurgeon
  • Nuclear Pharmacist
  • Obstetrician
  • Oncologist
  • Oncology Pharmacist
  • Ophthalmologist
  • Optometrist
  • Oral and Maxillofacial Surgeon
  • Oral Surgeon
  • Orthodontists
  • Orthopaedic Registrar
  • Orthopaedic Surgeon
  • Otolaryngologist
  • Paediatric Surgeon (Neonatal/perinatal)
  • Paediatric Surgeon (Neonatal/perinatal)
  • Paediatrician
  • Pathologist
  • Pharmacist
  • Pharmacist Clinical Pathologist
  • Pharmacist Clinical Toxicologist
  • Pharmacist prescriber
  • Physician
  • Physiotherapist
  • Plastic Surgeon
  • Psychiatrist
  • Radiation Oncologist
  • Radiologist
  • Reconstructive Surgeon
  • Regulatory-Affairs Pharmacist
  • Resident doctor (residency)
  • Resident Medical Officer (RMO/residency)
  • Respiratory Surgeon
  • Respiratory/Thoracic Surgeon
  • Rheumatologist
  • Specialist Physician
  • Sports chiropractor
  • Surgeon
  • Surgical Registrar
  • Thoracic Surgeon
  • Urologist
  • Vascular Surgeon
  • Veterinarian
  • Veterinary Pharmacist

Medical Professionals Excluded to Medical Professional Loans

There are also some medical professionals who are not eligible for medical professional loans. They include:

  • Medical Research Scientists
  • Naturopaths
  • Psychologists

Prior to proceeding, it is recommended you contact our office to confirm whether your position is accepted and recognized for a medical professional loan.

Contact Us Today!

If you’d like to know more about the medical professional loan, contact us. We’re here to walk you through the application process and help you find the best option for your circumstances. Contact us on on 02 9121 6247 or submit your scenario online.

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Whether you’re a first home buyer looking at entering the market or an existing home owner looking at ways to save money on your home loan, we have you covered. We’ve put hundreds of hours of research into these guides to ensure you end up ahead, and it’s completely on the house.

So, why use Highline Lending for your home loan?

We meet for a consultation, obtain your supporting documents and proceed to structure and package your application for approval knowing exactly what the banks want to see. We also monitor your home loan post approval ensuring you’re home loan suits you and your financial position

We get paid a commission from our lenders as a result of introducing your business to them. Subsequently, our service is at no cost to you. Our commission does not affect your interest rate whatsoever, if anything, we’re in a position to get you a lower interest rate than the general public due to our relationships with our banks

With our many years experience in the industry, we’ve been exposed to both easy and complex loan scenarios. Each loan we process gets presented to over sixty financial institutions, ensuring we have explored all options possible and are able to provide a solution