Medico Home Loans
Helping Healthcare Workers Buy Sooner
Busy schedule, demanding hours, and unique financial circumstances—health professionals often face challenges that traditional lenders don't understand. That's where we come in. Our Health Professional clients love working with us thanks to:
1. Our fast digital application process
2. Expert lending and tax advice (in conjunction with your accountant)
3. 6 monthly proactive reviews helping them save money
4. Our extensive knowledge of the Medico Lending space
5. Our Vast Network of over 100 Lenders
Who's Eligible?
In the Healthcare space and wondering whether medico-specific Lending is applicable to you? You could qualify for medico-specific lending benefits if you're one of the following:
- General Practitioners (GP)
- Surgeons or Specialist Consultants
- Dentists or Orthodontists
- Pharmacists
- Veterinarians
- Allied Health Professionals (Physiotherapists, Optometrists, etc.)
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Audiologist
Chiropractors
Midwife
Occupational therapist
Optometrists
Osteopath
Pharmacists
Physiotherapists
Podiatrist
Psychologist
Radiographer
Registered nurse
Sonographer
Speech Pathologist
Veterinary Practitioners
If your qualification isn't listed, reach out—some lenders apply discretion based on industry and income.
8 Reasons why Health Professionals need a Mortgage Broker
1. Complex Income Structures
Medical professionals often earn through multiple channels—hospital rosters, private billings, ABNs, or through company/trust structures. Many lenders struggle to properly assess these incomes, which can limit borrowing potential or delay approvals.
5. Credit & Tax Structurng Guidance
Medicos may be eligible to reduce debt tax effectivley depending on how they earn their income. We work with you and your adviser to raise these important questions, to drive the best financial and tax outcomes for you.
2. No Time to Shop Around
Juggling long shifts, patient care, and personal time means there's little room to compare lenders or navigate the loan process thoroughly—making it easy to settle for less competitive terms.
6. Forgetting the Bigger Picture
It's easy to focus on loan approval while overlooking the full cost of property ownership—including strata, council rates, insurance, and repairs. That can stretch finances thin after settlement.
3. Unclear on the Fine Print
Offers like waived LMI or "doctor-only" rates sound attractive—but without context, they can mask trade-offs like inflexible features or rate creep over time.
7. Loan Jargon and Complexity
Offset accounts, redraw, comparison rates—mortgage terminology can be overwhelming. Without someone to explain it clearly, many borrowers miss out on features that could really benefit them.
4. Assuming One Bank Fits All
Trusting a single lender or going straight to your usual bank might mean missing out on packages created specifically for health professionals through alternative lenders.
8. Unclear Eligibility Rules
Not all health roles qualify for medico lending perks. While doctors and dentists often do, others—like therapists or support staff—may not meet lender criteria, depending on the policy.
Why Choose Evoke Capital?
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Award-winning mortgage brokers servicing Australia-wide
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Combined 50+ years residential and commercial lending experience
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Deep commercial relationships with all major business banks banks
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Platnium bank status and access 100+ lenders with the best interest rates
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6-monthly interest rate reviews and annual strategy sessions.
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100% 5-Star Google Reviews
The Best Loans with 100+ Lenders
We are rated in the Top 1% of Mortgage Brokers
Benefits of a Medico Home Loan
Borrow Up to 90-105% LVR Without LMI
Eligible medical professionals may avoid Lenders Mortgage Insurance, even with a lower deposit.
Medical Practice Finance
Eligible applicants may be entitled to 100% LVR on medcial practice purchases, allowing you to build assets outside of just your business income.
Discounted Interest Rates
Access negotiated rates across a panel of major and specialist lenders.
Fast Approval Turnarounds
We work with lenders who prioritise medical professionals and fast-track approvals.
Solutions for Complex Income
We understand hospital rosters, ABN income, and fluctuating workloads.
Medico Lending FAQ
What qualifies someone for a Medico home loan?
Lenders typically extend medico lending benefits to doctors, dentists, specialists, veterinarians, and certain allied health professionals. Eligibility often depends on qualifications, industry registration, and income structure
Can I avoid paying Lenders Mortgage Insurance (LMI)?
Yes, many lenders waive LMI for eligible medical professionals, even with deposits as low as 5–10%. It depends on your role, income stability, and the lender's policy.
What documentation do I need for my application?
This varies based on how you're paid. For PAYG, you'll usually need payslips and a letter of employment. For self-employed or contractors, tax returns, BAS statements, and trust documents may be required.
Can I get a home loan if I work as a locum or contractor?
Absolutely. Many lenders now recognise ABN and contract income from medical professionals—as long as you've got a reliable earnings history and can show ongoing demand for your services.
How do you support busy health professionals during the process?
We handle the research, paperwork, and negotiations—so you don't have to. Our service is designed to save time and simplify the process with flexible meetings, digital documentation, and priority lender channels.