Home Loans For Doctors

Medico Home Loans

Home loans for doctors were created due to lenders favouring the average doctor’s circumstance; low-risk borrowers, earning high incomes. On record, doctors default rates are the lowest in comparison to any other profession, which enables them to gain further discounts.


Eligibility for Medico Loans

It’s important to understand that not all doctors are automatically eligible for the medico package discount. The below list outlines those eligible:

  • Allergist
  • Anaesthetist
  • Cardiologist
  • Chiropractor
  • Clinical Pharmacologist
  • Dentist
  • Dermatologist
  • Dietician
  • EN&T Surgeon
  • Endocrinologist
  • General Practitioner
  • General Surgeon
  • Gynaecologist
  • Haematologist
  • Herpetologist
  • Immunologist
  • Neurologist
  • Neurosurgeon
  • Obstetrician
  • Oncologist
  • Ophthalmologist
  • Optometrist
  • Orthodontist
  • Veterinarian
  • Diagnostician
  • Orthopaedic Surgeon
  • Otolaryngologist
  • Podiatrist
  • Pathologist
  • Pharmacist home loans
  • Plastic Surgeon
  • Psychiatrist
  • Radiologist
  • Registrars
  • Thoracic Surgeon
  • Rheumatologist
  • Urologist


As a doctor, you must be a member of an Australian association, Hunter Galloway will speak to you about the list of associations eligible.

Also eligible: Staff specialists, registrars, interns.


Learn More About Medico Loans

Home loans for doctors are mortgages set up specifically to a doctors circumstance. These mortgages are different to standard ones due to:

  • Eligibility for special discounts
  • A higher maximum borrowing capacity (case by case)


Wave goodbye to Lenders Mortgage Insurance!

Lenders Mortgage Insurance (LMI) is waived for doctors as they are considered low-risk borrowers. This means doctors can borrow up to 90% of property value without paying LMI, or up to 105% of property value if your parents guarantee the loan.


It Gets Better – Discounted Interest Rates!

Doctors are really getting the most out of lenders as those who are borrowing less than 80% of the property value will receive discounted interest rates.

As a doctor – lenders are fighting for your business. As a mortgage broker, this means that we can find you an even better deal as the lenders become extremely competitive with deals and discounts.


Hunter Galloway’s Tips for Medico Loans in Brisbane, Australia

If you’re a doctor interested in getting medico loan, ensure you are aware of the following:

  • Ensure you make us aware of your profession
  • Have your required documents ready so that we can make it a seamless process
  • Let us know about any associations you are a part of


Don’t wait, chat to our team of experts today about setting up your medico loan through Hunter Galloway. Call us on 1300 088 065 or send an enquiry here.