Medico loans are a specialist discounted home loan which are available to certain medical professionals. Due to this factor lenders have opened up to this sector at discounted rates. Not all lenders offer the Medico Discounted Loans so contact me to discuss your options.
Borrowings can be for:
- Home Loans,
- Investment Property Loans
- Home Equity Loans
You may be able to borrow up to an LVR of 90% with no Lenders Mortgage Insurance (LMI).
Who can qualify
Under the policy, medical professionals are defined as:
- General Practitioners
- Hospital-employed Doctors (e.g. Intern, Resident, Registrar, Staff Specialist)
- Medical Specialists
- Veterinary Practitioners