Frequently Asked Questions

Banks are notoriously difficult to work with when it comes to securing a loan, and they don’t always have your best interests at heart. A private lender will offer you a competitive interest rate and flexible loan terms. Instead of choosing from one loan source, a mortgage broker has access to 40 + lenders – meaning you can select an option specific to your desired terms.

Banks are notoriously difficult to work with when it comes to securing a loan, and they don’t always have your best interests at heart. A private lender will offer you a competitive interest rate and flexible loan terms. Instead of choosing from one loan source, a mortgage broker has access to 40 + lenders – meaning you can select an option specific to your desired terms.

As long as you still operate in the medical industry, this shouldn’t be a problem. Though regular self-employed workers need roughly two years of employment records to qualify, the medical industry is seen as low risk, deeming you a desirable candidate for lenders.

Choosing a loan structure depends on a few factors, including your current finances, your risk tolerance and projected income. We recommend coming in and discussing options with one of our mortgage brokers to see which option will benefit you most.

As a medical or allied health professional, there are many favourable lending conditions due to the security of the medical industry.  Some of these include attractive interest rates, low or no deposits, the possibility of no Lender’s Mortgage Insurance, minimal paperwork and so much more.

As a medical or allied health professional, there are many favourable lending conditions due to the security of the medical industry.  Some of these include attractive interest rates, low or no deposits, the possibility of no Lender’s Mortgage Insurance, minimal paperwork and so much more.

Yes, the team at MediPro has worked with medical practitioners throughout all stages of their careers from interns through to senior registrars.

Yes, we understand that it can be difficult to finance the construction of a new clinic or upgrade existing facilities. That’s why we work with Australia’s top lenders to find the best loan options tailored to meet a doctor’s specific needs.

The amount of borrowing available to a doctor for equipment depends on the type and size of the practice and other factors. Generally, lenders will consider a combination of personal credit history, business cash flow, and collateral when evaluating an application for medical equipment financing. It’s also important to work with a qualified loan broker.

Generally, yes, a commercial loan can be used to purchase facilities that already exist or for the construction of a new building that is designed for the specific needs of a doctor’s practice. At MediPro, we’re ready to discuss the advantages of newly designed medical facilities and help you determine if that is the best option for your situation.