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Loans for Medical Professionals

How we provide specialist loan advice for medical professionals

Here at DPM, our specialist team of lending advisors are experts at pairing the right loans with medical professionals.

We’re passionate about finding financial solutions that suit your personal circumstances, goals, and needs.

Whether you’re looking to purchase your dream home, or an investment property, or pursue funding to expand your business, we’re on hand to provide professional lending advice that’s tailored to your situation.

home loans for doctors

Why go with a specialised medical loan broker?

Medical professionals such as yourself often have complex careers and financial circumstances meaning it can be incredibly useful to have a loan broker that’s specialising with dealing with doctors and their finances. 

DPM’s loan, savings, and budget calculators

We’ve created a full suite of accessible calculators that will give you a summary of your loan and repayments based on the information you input to help give you a better understanding.

Explore Lending assistance based on your career stage.

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Medical Students

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Doctors In Training

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Consultants

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Private Practice

Empowering doctors across Australia with specialised financial advice tailored to your personal specific needs.

At DPM, we’re there to assist you in your financial journey, from being a medical student right through to your retirement.

We have over 60 years of experience in providing financial advice for doctors, with a deep understanding of your unique professional and financial considerations and are able to help guide you through your career and lifestyle changes.

Whether you’re in need of tax assistance, lending brokers, financial planning, superannuation help, insurance, property advocacy, or legal services, our DPM specialists are on hand to deliver tailored advice to protect and grow your wealth.

What to expect

At the initial consultation, we’ll spend the time getting to know you, your goals, income, assets, liabilities and needs. This will allow our specialists to better understand.

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Frequently asked questions

Here in Australia, there isn’t a formal program that will offer you a cheaper loan just for being a doctor. However, some banks and institutions will offer you specialised discounts or bundles on the basis that as a doctor you have a certain level of career security as well as a higher income level.

These packages may include lower interest rates, reduced fees, or more favorable terms on loans such as home loans or personal loans. Keep in mind that the availability of these benefits can vary between banks and financial institutions, and you will often have to negotiate with a variety of different lenders.

This is where having a loan broker can come in handy. Here at DPM we work closely with many different lenders and as specialised medical loan brokers, we are experts at pairing the right loan with the right medical professional.

Lenders Mortgage Insurance (LMI) is typically required by lenders when a borrower has a smaller deposit (usually less than 20% of the property’s value). LMI is designed to protect the lender in case the borrower defaults on the loan, and it does not provide any direct benefit to the borrower. Some lenders in Australia may offer LMI waivers or discounts for certain professional groups, including doctors, as they are often considered low-risk borrowers due to their higher income potential and stable employment. However, these arrangements can vary from one lender to another.

It’s essential for doctors or any borrowers to discuss LMI options with their chosen lender directly. They can inquire about any special programs, discounts, or exemptions that may be available based on their profession. Additionally, mortgage brokers may be able to assist in finding lenders that offer favorable terms for specific professional groups.

Keep in mind that the lending landscape can change, and policies may be updated, so it’s crucial to check with lenders for the most current information regarding LMI exemptions or discounts.

The amount you can borrow as a doctor in Australia depends on various factors, including your income, financial history, employment stability, and the lending policies of the financial institution. The good news is that doctors, due to their typically higher incomes and job stability, may be eligible to borrow larger amounts compared to individuals in other professions.

When determining your borrowing capacity, lenders assess your ability to repay the loan, factoring in your income, expenses, and other financial commitments. They also consider the loan-to-value ratio (LVR), which is the ratio of the loan amount to the property’s value. A lower LVR (meaning a larger deposit) may increase your borrowing capacity.

To get an accurate idea of how much you can expect to borrow, we recommend booking an appointment with one of our experts in our lending team at the link here. It’s also important to bear in mind that lending criteria will differ between different banks and institutions so it’s beneficial to shop around and negotiate to find  a suitable loan for you, something which our lending team are well placed to assist you with.

In Australia, some financial institutions may offer specialized loan packages with lower interest rates and favorable terms for medical professionals. These packages are designed to take into account the typically higher income and lower risk associated with individuals in the medical field. However, the availability of such loans can vary between lenders.

Qualifying for a mortgage as a doctor with student loans in Australia is similar to the process for other professionals, but certain considerations may come into play that could help you in the process. Lenders will assess your debt-to-income ratio, so it’s important to manage your student loan debt responsibly. Make consistent, on-time payments, and consider consolidating or refinancing your loans if it makes financial sense. A good credit history is crucial when applying for a mortgage.

Pay your bills on time, minimize outstanding debts, and avoid late payments or defaults. Lenders often look for stable employment and a consistent income. As a doctor, your profession is generally considered stable. Provide proof of income, including pay stubs and tax returns. While some lenders may offer high-LVR (loan-to-value ratio) loans, having a larger down payment can strengthen your mortgage application. Saving for a substantial down payment can improve your chances of approval and may help you secure better terms. Some lenders offer specialized mortgage programs for medical professionals, including doctors.

These programs may come with benefits such as lower interest rates, reduced fees, or more flexible lending criteria. Mortgage brokers such as DPM’s expert lending team can help you navigate the lending market and identify lenders who are more favorable to professionals with student loan debt. They have access to a variety of loan products and can assist you in finding a suitable option.

Before house hunting, consider obtaining a mortgage pre-approval. This involves the lender reviewing your financial information and providing a conditional approval for a certain loan amount. Pre-approval can strengthen your position when making an offer on a property. Remember to thoroughly research and compare mortgage products from different lenders to find the one that best suits your financial situation.

It’s also advisable to seek professional advice from mortgage brokers or financial advisors for personalized guidance.

Doctors in Australia can utilize various financing options to fund the acquisition or expansion of their medical practice. 

Some financial institutions offer specialized medical practice loans tailored to the unique needs of healthcare professionals. These loans may cover the costs associated with acquiring, starting, or expanding a medical practice, including equipment purchases, leasehold improvements, and working capital. 

Doctors can apply for commercial business loans to fund practice acquisition or expansion. These loans may provide the necessary capital for purchasing property, renovating facilities, or investing in new equipment. Commercial loans often have flexible terms and repayment options. 

Asset finance options, such as equipment loans or leasing arrangements, can help doctors acquire necessary medical equipment without a large upfront capital outlay. This allows for the spreading of costs over time, making it more manageable for the practice.

Some banks offer professional packages specifically designed for medical professionals, including doctors. These packages may include discounted interest rates, reduced fees, and other benefits.

Doctors may consider securing a line of credit to have access to funds when needed. This can be a flexible option for managing cash flow during the acquisition or expansion process.

In some cases, doctors may be eligible for government-backed SBA loans, which offer favorable terms for small businesses. However, eligibility criteria and terms may vary.

Seeking advice from financial advisors or consultants who specialise in healthcare finance can be beneficial. They can provide insights into the specific needs of medical practices and guide doctors toward the most suitable financing options.

Our client reviews

We’re proud of our expertise delivering financial services for doctors, and so are our clients.

Thank you to Naomi for your invaluable assistance and wealth of knowledge!
Tristan Harding
Tristan Harding
07:52 12 May 24
Excellent service provided by Kimsor Pan and Anthony dickinson in helping us with our tax return and home loan application. The process went very smoothly and we were constantly updated by them throughout the whole process. Would highly recommend their service
Alvin Loh
Alvin Loh
07:23 02 May 24
Naomi Li was absolutely fantastic throughout the entire the process.She found us the best home loan that suited our circumstances.We were definitely in unfamiliar territory when it came to this and Naomi was there every step of the way.She was also quick to reply us whenever we had any questions.
Ka Sheng Loh
Ka Sheng Loh
03:47 25 Apr 24
Kimsor is the consummate professional and I would highly recommend him for all of your lending needs!
Shanan Woo
Shanan Woo
10:20 09 Apr 24
Naomi was top notch. She matched our pace, clearly outlined the process, required documentation and kept us on task and updated. If you’re looking for. A good Mortgage broker who outlines your options clearly - this is where to find them. Thank you for an easy refinance!
Joshua Dickson
Joshua Dickson
13:00 05 Apr 24
Great customer service. We had Naomi and she was fantastic! We never felt any pressure and we felt they were super flexible with what we wanted and worked within our time frames. Very transparent and helpful with the whole processes!
Charmaine Dickson
Charmaine Dickson
01:39 04 Apr 24
My partner and I had a great experience with Marissa in purchasing our first home. She was so helpful in explaining and guiding us through the entire process, thanks so much Marissa!
Shaan M
Shaan M
04:55 31 Mar 24
Seamless and painless experience
Niall Corcoran
Niall Corcoran
08:06 27 Feb 24
Danha from DPM assisted with buying my first home - my situation was unusual and she was incredible throughout. She had the patience of a saint with my disorganisation and delays and really went into bat to get me the best arrangement possible specific to my needs. She drove the process and turned things around when I was letting the ball slide. I could not recommend her more highly.
Jessica Paul
Jessica Paul
02:07 08 Feb 23
My partner and I used DPM to buy our first home and we can't thank them enough with a special shout out to Danha who went above + beyond for us from day 1 of buying our home. Thank you for every call, email, web conference - thank you for helping us navigate this financial world and supporting us both in purchasing our first literal DREAM home. Would reccomend them for all financial things - I use DPM as my accountant & for insurances as well and only have great things to say for all! Thanks for looking after me DPM 🙂
Mirsada Prasko
Mirsada Prasko
12:04 31 Oct 22
Akmal Yang
Akmal Yang
06:30 04 Oct 22
The DPM team has been great. In particular, Danha has gone above and beyond as a broker and Dino has been extremely supportive throughout all my interactions.
Marcel Boulat
Marcel Boulat
11:09 14 Sep 22
The team at DPM provided a fantastic service in our most recent dealings. A big thank you to Eyal Judah for the time and effort spent in recommending the best solution for our needs. Eyal's expert knowledge of the subject matter shone through as his patient approach made our experience not only informed but also stress-free. Thanks Eyal!
Tomasz Strus
Tomasz Strus
03:53 04 May 22
I have been with DPMFS for over 5 years and I couldn't be happier with them. I strongly recommend their amazing team to any other doctors looking for the most insightful, and personalised care that I've had financially!
Clinton Ellis
Clinton Ellis
03:52 03 Mar 22
Rahul Chakrabarti
Rahul Chakrabarti
03:45 01 Feb 22
Consultant Danha Ngo was very professional and kind. She guided me through the process of acquiring my home loan and made the process very easy.
Ali Baker
Ali Baker
12:16 26 Jan 22
Danha Ngo is an outstanding lending consultant who went above and beyond when helping me purchase my first home! I was very hesitant at first to get a lending consultant but Danha was very knowledgable and able to get me the best variable rate on my home loan within such a short period of time. She was very honest, and educated me on reviewing all documents and walking me step by step through the entire process even though I asked 100's of questions. Responded very promptly to emails and phone calls, making my first home purchase very easy and hassle free. If you're looking for an expert in her field who knows how to navigate her way around home loans to get you the best deals and to expedite loans, then I cannot recommend her enough and will be using her again in the future. 10/10 service!
Jessica Au
Jessica Au
10:07 04 Jan 22
DPM made the process of getting personalised insurance very easy and streamlined, very happy with the policy they recommended.
Alex Strathmore
Alex Strathmore
22:26 05 Nov 21
DPM has provided professional & seamless assistance for us on two services: as a mortgage broker (thank you Danha), and with arranging life & income insurance (thank you Tom R). They've helped prevent us getting bogged-down in paperwork and policy, and have made arranging a home loan & life insurance a breeze. Going further down the line, I'll definitely be planning to use their services again.
Brad J
Brad J
01:32 26 Oct 21
DPM have been excellent to deal with. Their advice has been well considered and they are very responsive. Tom in particular has made it very easy to navigate the maze of financial products and their many different options. I would highly recommend them.
Eric Wong
Eric Wong
05:48 01 Jul 21
Calibration 123
Calibration 123
10:45 25 Aug 20
I have been seeing an accountant at DPM since I graduated from university. Our annual appointment is always professional while also being a friendly catch up on the year.I have recently been assisted by a financial advisor to arrange income protection. The process was smooth and timely. I felt very well supported with plenty of information provided and they kept me up to date on the progress of my application.DPM is a friendly team and always very easy to get in touch with!
Sam Harvey
Sam Harvey
22:05 30 Apr 20
Excellent experience all-round! Accounting, finance and insurances all managed by friendly, capable and talented people and associated support staff. Always available to help and answer all sorts of questions. Highly recommend
Chetan Lodhia
Chetan Lodhia
10:04 30 Apr 20
I had a really good experience with DPM financial services. Tom and Katie were very helpful and efficient. They explained every step thoroughly and provided with best service. I would highly recommend DPM Financial services.
Mi Kyung Jun
Mi Kyung Jun
01:47 02 Apr 20
William Indrawan and his team were very extremely helpful in helping me with my taxes - they were professional, efficient and very knowledgeable. It would have taken me so much time and dedicated research to find out what deductions you are allowed for your taxes as a medical doctor, especially coming from another country. The service was very personalized and such a pleasant personal interaction. And yes, I had a good tax return! Thank you!
Rachel Deschamps
Rachel Deschamps
09:52 22 Nov 19
I have been with DPM working with Aaron Burton for a number of years. My only regret is that we did not engage his services sooner. Aaron has been an excellent guide and advisor, who understands your circumstances and ensures we have made the right decisions at all times. We would recommend him and the services of DPM most highly
Natasha Michael
Natasha Michael
19:18 07 Nov 19
Delighted with the services received at DPM with Tom and Anthony. They were both knowledgeable in their respective fields and efficient at their work. Would highly recommend!
Pearly Gan
Pearly Gan
12:17 06 Sep 19
I have been with DPM for a couple of years. I first started by meeting my now accountant Anthony Pane and he has been wonderful in every single way. I was audited last year and I was able to relax and let Anthony do what he does best. Later I also got insurance advice from Mat, and Eyal has become my broker. Everybody in the team has been great and very helpful. Definitely recommend 👍
Liliana Sousa Nanji
Liliana Sousa Nanji
01:05 30 Aug 19
I have had a very positive experience with DPM for the past 3 years. I always enjoy meeting with Anthony Pane who gives excellent advice and is a consultant I can highly recommend.
Sam Fraser
Sam Fraser
04:30 22 Aug 19
Neri Tan
Neri Tan
01:15 16 Aug 19
Provide fantastic support and advice, always in a swift manner. Very happy with their service.
Andrew Rawlin
Andrew Rawlin
11:07 15 Aug 19
Financial advisors with expertise working with medical professionals. Alyse is professional in all aspects of her work and communicates her wealth of knowledge in a clear and concise manner. With attention to detail and a personalised approach tailored to each individual, I always feel a sense of clarity after a consultation with DPM. Highly recommended.
Daniel Phan
Daniel Phan
11:10 02 Aug 19
I've been with DPM now since 2016 and have nothing but great things to say. Excellent advice and management of all my financial needs. And special shout out to Anthony Pane, who I can highly recommend.
Jason Bishop
Jason Bishop
07:46 02 Aug 19
Great service! I truly appreciate all the assistance and pleasant service rendered by DPM Financial Services with regards to the filing of my taxes. They were very helpful specially due to the fact that I have already migrated overseas during the period of filing. They kept constant communication and were very prompt to respond to all my enquiries. THANK YOU!
Joma Excel Bravo
Joma Excel Bravo
11:25 31 Jul 19
I have been a client of DPM for almost 2 years now, and they are a fantastic team that really do give you bang for your buck!My acountant has helped me navigate through the complex world of salary packaging, and has been excellent in completing tax returns each year. He doesn't just "do my taxes," he explains things and helps me understand concepts myself so as to calm the stress levels. When I wanted to apply for a home loan I was directed to a Lending Consultant who has been nothing short of brilliant. They are efficient, they are helpful and they are extremely approachable. I don't know how much money I would have wasted had I not had DPM's guidance. Definitely worth it!
Vanessa Garry
Vanessa Garry
05:19 25 Jul 19
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DPM acknowledges the Traditional Owners of the land where we live and work. We pay our respects to Elders past, present and emerging, and Elders from other communities we may visit and walk beside. As an organisation, we recognise their connection to Country and their role in caring for and maintaining Country over thousands of years. May their strength and wisdom be with us today.

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