Finance for Medical Professionals
It’s great to be a medical professional – because banks love you. As a result, they offer special deals on loans that aren’t available to the wider public.
Medical professionals can include everything from doctors, pathologists, plastic surgeons, dentists and orthodontists to vets, chiropractors, physios, pharmacists and optometrists.
These special deals apply to both employee medical professionals and medical business owners – and, sometimes, interns and residents too.
Why do banks love medical professionals so much?
Because they know people who work in the medical sector have greater employment security and earn higher salaries than average workers. That makes them more desirable customers.
We apply our extensive knowledge to find a solution that is right for you and guide you throughout the loan application process.
Medical professionals may be eligible for lower interest rates
What kind of special deals are available? Well, depending on your situation, you might be able to:
- Gain access to specialised loan products
- Qualify for lower interest rates and fees
- Buy a property with a lower deposit
- Borrow more than 80% without having to pay lender’s mortgage insurance (LMI), or pay a reduced premium when LMI is charged
If you’re a medical professional, banks offer favourable terms on a range of loan products, including:
- Home loans
- Construction loans
- Refinancing
- Car loans
- Personal loans
- Business loans
- Equipment finance
Before applying for a loan, there are a couple of things to be aware of.
First, different banks have different lending policies and offer different specials – so it can be hard to find a great loan for your unique situation if you’re not a medical professional finance expert.
Second, medical professional finance is a specialised field – so if you decide to use a broker, choose one that understands medical professional finance, like Brendon Cowan, from Finance Broker Melbourne.
Are you a medical professional who’s looking to buy a property, car or business?
Meet Brendon Cowan
A Melbourne based finance broker with over 20 years experience, Brendon’s clients are mostly professional and/or small business owners seeking a relationship based approach to obtaining finance.
