Who We Help
Our Solutions
CommBank offers a specialised home lending package for medical practitioners and healthcare professionals to make buying a home or investment property easier and simpler.
CBA Medico Plus Policy
Medical professionals and health practitioners applying under CBA’s Medico Plus can get the following benefits:
- Borrow up to 94.99% LVR with no LMI for owner-occupied and investment purchases.
- Accept a gift from an immediate family member as a form of genuine savings.
- Apply for a maximum loan amount of $7,199,200 on a single security.
- Maximum lending without LMI and LDP of $7.5 million with an LVR greater than 80%.
- Accept Provisional AHPRA registrations.
- Can use 100% of any overtime and allowance income received for income verification.
- Accept up to 4 dwellings on 1 title.
- Accept rural properties up to 50 hectares.
What occupations are eligible for CBA Medico Plus with No LMI?
CBA offers its Medico Plus home loan policy for the following health practitioners and professionals:
Up to 95% LVR for:
- Anaesthesiologists/anesthetists
- Cardiologists
- Cosmetic surgeons
- Dentists
- Dental surgeons
- Dermatologists
- Doctors, Intern Doctors, & General Practitioners
- Epidemiologists
- Endocrinologists
- Gastroenterologists
- Gynaecologists
- Immunologists
- Medical resident
- Medical registrar
- Neurologists
- Obstetricians
- Oncologists
- Ophthalmologists
- Orthodontists
- Paediatricians
- Pathologists
- Pharmacists
- Plastic Surgeons
- Radiologists
- Rheumatologists
- Surgeons
- Urologists
Do I qualify for a CBA Medico Plus LMI Waiver?
To be eligible for an LMI/LDP waiver under CBA Medico Plus:
- You must be currently employed in Australia and actively working in the healthcare industry. Unemployed medical professionals like medical students and retirees are not eligible.
- Must be duly registered and can provide documents supporting registration and profession
- Low-Doc Loans are not included
- Physiotherapists, psychologists, and nurses are not eligible
- Healthcare professionals must provide proof of registration from the Australian Health Practitioner Regulation Agency (AHPRA) website
- Veterinary professionals must show proof of registration on their relevant state or territory veterinarian board website
- Foreign income and/or residency is accepted as security during approval
It must not be a construction loan or used to purchase land.
Apply for an LMI Waiver through CBA
At Mortgage Pros, we’ll work closely with you and facilitate your home loan application. We’re committed to providing round-the-clock customer support to doctors and medical professionals and negotiating with CBA on your behalf.
Speak with us at 1300 030 388 to learn more about CBA Medico Plus home loan and whether you qualify for an LMI waiver.
