Medico Finance
General guideline for Medical Professional loans for no LMI above 80% LVR with banks
General guideline for Medical Professional loans for no LMI above 80% LVR
with banks
medico finance
Medico clients could borrow up to 95% LVR with no LMI. Max loan amount $5M ($7.5M total lending with LMI waiver).
The following occupations are eligible for 95% LVR, LMI waiver, with no minimum income requirements: Please note; These high LVR are case by case and the application be very strong in servcing and above minimum bank criteria.
· Dentists
· General practitioners
· Hospital-employed Doctors
· Medical Specialists
Medico finance
The following occupations are eligible for 90% LVR, LMI waiver, with a minimum income threshold of $120,000 per annum:
- Audiologists
- Chiropractors
- Midwives
- Occupational
- Therapists
- Osteopaths
- Physiotherapists
- Podiatrists
- Radiographers
- Registered
- Nurses
- Sonographers
- Speech
- Pathologists
- Optometrists
- Pharmacists
- Veterinary
- Practitioners
Please note; The above list of medical professional is always changing and it is always good just check with your finance broker to see if your medical profession is on the list
Industry Specialisation, sport & Entertainment Policies
Other industry specialist
These type of industries include;
- Accounting
- Legal
- Real estate rent rolls
Indicative lending parameters (subject to credit approval)
- Typically seeking 150+ residential properties under management
- ICR from 1.3x to 1.8x
- Ideally metro located agencies
- Lending for acquisition, succession, working capital etc.
- Sports & Entertainment
What is the right loan for you?
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At Exptprofin, our mission is to provide exceptional financial solutions to a diverse range of income earners, from expats and self-employed professionals to PAYG employees. With access to over 35 lenders, including private lenders when needed, we are uniquely positioned to offer the most suitable lending options tailored to the specific needs of our clients.
