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The FINANCE broker of choice for medicos
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LOAN SPECIALS FOR MEDICAL PROFESSIONALS

Loans for Doctors

Special Treatment for Medicos - Mortgage Insurance waivers!

LENDERS MORTGAGE INSURANCE WAIVER

  • This policy potentially saves you thousands of dollars and makes the assessment of your application, easier, quicker and smoother!
  • This is where the lender approves your loan up to 95% of the property's value and waives the requirement for Lenders Mortgage Insurance (LMI).
  • Tier 1 Medicos - 95%LVR no LMI / Tier 2 Medicos up to no 90%LMI

Tier classifications

LENDERS MORTGAGE INSURANCE WAIVERS

Tier 1 - Doctors, dentists, GPs, Medical Specialists, Hospital employed doctors (Intern, Resident, Registrar, Staff Specialists)

- No minimum income requirements

Tier 2 - Audiologists, Chiropractors, Midwives, Registered nurses, Occupational Therapists, Osteopaths, Physiotherapists, Podiatrists, Psychologists, Paramedics, Radiographers, Sonographers, Speech Pathologists, Optometrists, Pharmacists, Vets.

- $90k pa minimum income requirement

Loans for Doctors

Special Treatment for Medicos

BETTER RATES & POLICIES

  • Medical Professionals have access to lower interest rates, lower fees and more flexible lending policies to others.
  • This helps with borrowing more under better terms and potentially saving thousands of dollars!

100% loans

We have access to loans which provide:

  • 100% of the funds to buy the land
  • 100% of the construction costs of your practice
  • 100% of the fit-out for your practice

Loans for Doctors

Unsecured loans

If you want to buy-out another practice, we can provide 100% buyout funds on an unsecured basis.

This is also known as goodwill lending

No assessment required loans

  • We can fund the purchase of assets
  • Up to $150,000 without income  assessment.
  • Only requires proof of owning a property & a clean credit record.
  • Auto-approval in most cases

No BAS / No tax returns required!


Copyright © 2023 Chocolate Money - All Rights Reserved. Please note lending criteria, terms, conditions, fees & charges apply to all loans.

The information in this website is general in nature and not to be considered advice of any kind.

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