What Is the Medico Package?

The Medico Package is a unique offering from select lenders that waives Lenders Mortgage Insurance (LMI) for eligible healthcare professionals, even if you're borrowing more than 80% of the property’s value.

This means you could buy a home with as little as a 5-10% deposit without the added cost of LMI, saving you thousands and fast-tracking your home ownership journey.

Lenders recognise that healthcare professionals typically have stable, high-income careers with strong long-term prospects. This makes you a lower lending risk, and lenders reward that with reduced upfront costs & tailored loan products. 

Many professionals across the healthcare field may qualify. You must be registered with a recognised industry body and meet minimum income requirements. 

✅ General Practitioners (GPs)
✅ Surgeons & Medical Specialists
✅ Dentists & Dental Surgeons
✅ Optometrists 

✅ Pharmacists
✅ Physiotherapists
✅ Psychologists
✅ Chiropractors 

✅ Veterinarians
✅ Registered Nurses & Midwives
✅ Paramedics (select lenders)

Not sure if you’re eligible? I can check your profession and advise on your options. 

• No Lenders Mortgage Insurance (LMI)
• Low deposit options - Borrow up to 90-95% of the property value
• Available for owner-occupier or investment properties
• Access to competitive interest rates
• Streamlined application process with tailored support  
• Can be applied individually or jointly

To be eligible, you'll typically need:

• 📝 Evidence of industry registration (e.g. AHPRA, AHPRA-accredited body)  
• 💼 Proof of employment and income (typically $90,000+ p.a.)  
• 💳 Good credit history and conduct on existing debts 
• 💰 Minimum 10% deposit (genuine savings is a bonus but not always required)  
• 📁 Supporting documentation (tax returns, payslips, or financials if self-employed) 

Not all banks promote their Medico Package publicly, but many leading lenders offer it through broker networks. I have access to a wide range of lenders that offer these waivers with favourable conditions.

Here’s what you can expect:

✅ Available through major banks and select non-bank lenders
✅ Loan amounts of up to $5 million+ (depending on profession, income & restricted postcodes)
✅ Borrow up to 90–95% of the property value with no LMI
✅ Owner-occupier and investment loans available
✅ Varied rates and policies - I help match you with the right one

I’ll walk you through which lenders will best support your profession and financial goals. 

If you’re a healthcare professional looking to grow your practice or start your own business, there are tailored commercial and business finance options available too.

Lenders often view medical professionals as low-risk borrowers, offering:

✅Practice fit-out & equipment finance
✅Commercial property loans (buy your own clinic)
✅Business acquisition finance (purchase or buy into a practice)
✅Working capital and cash flow solutions
✅Favourable rates and flexible repayment structures

Whether you're setting up a new space or expanding, I can help you structure the right lending solution - backed by lenders who understand the medical industry.