Specialists Finance & Medico Finance

Specialists Finance

Included Professions:

  • Accounting
  • Legal

Maximum LVR of 90% for maximum loan up to $2.0 million may be approved without the need to obtain mortgage insurance, and Genuine Savings: confirmation and validation of 5% genuine savings is not required for applications whereby mortgage insurance is not required.

Medico Finance

Medico Pack” home loans, is a specialist discounted home loan available to certain medical professionals. Proven statistics, has confirmed that medical professionals have the lower delinquency rate plus a higher than average loan size.

Discounts available

The types of discounts/special deals range from:

  • Discounted interest rates
  • Discounts on Mortgage Insurance (LMI) or even no Mortgage Insurance
  • No set up cost or application costs
  • No valuation
  • Special interest rate for family members
  • Easier cash out (equity release policy)

Features and Benefits

In addition to the above Discounts/Special Deals (i.e. a very competitive interest rate). A Medico Finance loan also has the following features and benefits that you need, both for today and for the future:

  • Confirmation and validation of 5 per cent genuine savings is not required for applications
  • A maximum loan to value ratio (LVR) of 90 per cent may be approved without then need to obtain mortgage insurance (LMI)

Eligible Medical Profession

  • Chiropractor
  • Doctor of Medicine
  • Dentist
  • Pharmacist
  • General Practitioner
  • Surgeon
  • Hospital – Employed Doctors (Intern, Resident, Registrar, Staff Specialist)
  • Optometrist
  • Radiologist
  • Veterinary Practitioner
  • Physiotherapist

Acceptable Security Property

The following types of security properties can be provided as security for Medico Home loans:

  • Residential properties
  • Practice premises that are converted residential houses

Acceptable Loan Purposes

  • Purchase Owner occupied and Investment dwellings
  • Refinance
  • Equity Release and Debt Consolidations

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