Mortgages for doctors

See a list of the top home loans for doctors

Updated: 01.09.2026

Quick Rates Review

Compare top financial options at a glance. Comprehensive analysis for each listed offer is available further down the page

#
Institution
Rate (APR/APY)
Sum & Term
1
Westpac Bank Westpac Bank
5.74% - 5.89%

Flexible Amount

10950 days

2
Suncorp Bank Suncorp Bank
5.83% - 5.99%

Up to $150,000

10950 days

3
Suncorp Bank Suncorp Bank
5.88% - 6.04%

Up to $150,000

10950 days

4
ING Bank ING Bank
5.99%

Up to $50,000

10950 days

5
Commonwealth Bank (CBA) Commonwealth Bank (CBA)
6.09% - 7.83%

Up to $10,000

Flexible Term

6
ANZ Bank ANZ Bank
6.14% - 7.94%

Up to $50,000

365 - 10950 days

7
Beyond Bank Australia Beyond Bank Australia
6.14%

Flexible Amount

10950 days

8
Suncorp Bank Suncorp Bank
6.14% - 6.24%

Up to $150,000

365 - 1825 days

9
Westpac Bank Westpac Bank
6.14% - 6.34%

Up to $150,000

10950 days

10
Bank of Sydney Bank of Sydney
6.19% - 6.99%

Flexible Amount

9125 days

11
Bankwest Bankwest
6.19% - 8.37%

$20,000 - $10,000,000

10950 days

12
St. George Bank St. George Bank
6.29%

Flexible Amount

Flexible Term

13
Westpac Bank Westpac Bank
6.29% - 6.44%

Up to $150,000

365 - 1825 days

14
ANZ Bank ANZ Bank
6.34% - 7.44%

Up to $20,000

365 - 3650 days

15
ANZ Bank ANZ Bank
6.99% - 8.94%

Up to $20,000

365 - 10950 days

Quick Expert Insights

Interest Rates
Average:6.16%
Range:5.74% - 8.94%
Product Term
Minimum: 1 year
Maximum: 30 years
Limit / Amount
Min Entry:$10,000
Max Limit:$10,000,000
Analysis of 15 offers shows an average rate of 6.16%, with the absolute market maximum reaching 8.94%. Flexible terms from 1 year are available at ANZ Bank, while Westpac Bank offers terms up to 30 years . The lowest entry is $10,000 (via Commonwealth Bank (CBA)).

Full Products Review

In-depth analysis of available financial offers. Compare detailed terms and explore expert insights to choose the most suitable option for your needs.

Filter By Institution:

ANZ Bank

ANZ Standard Variable home loan

Rate: 6.99% - 8.94%

Sum: $20,000

Term: 1 years - 30 years

💰 Fees & Rates

  • Loan approval and administration fees: $0
  • Ongoing loan service fees: $0
  • ANZ One Offset account fee: $10 per month
  • Late payment fee: $20
  • Settlement, Production, and Lodgement fees: $160 each
  • Search fee: $50
  • Government charges and stamp duty apply

📋 Important Terms

  • LVR Requirements: Best rates apply for Loan to Value Ratio (LVR) of 80% or less
  • Lenders Mortgage Insurance (LMI): Usually required if borrowing more than 80% of property value
  • Interest Only Terms: Maximum 5 years for owner-occupied and 10 years for investment properties
  • Repayment Flexibility: Additional repayments allowed without fees and redraw available for extra funds
  • Construction Loans: Progress draw-downs allowed for up to 24 months

💡 Adviser’s Tip

Olesya Krasavtseva
Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The ANZ Standard Variable home loan offers high flexibility with a complete waiver of setup and ongoing administration fees, which gives it a competitive edge over Canadian Big Five institutions like RBC or TD that frequently charge for appraisals and processing. The main advantage is the 100% offset capability and redraw facility, allowing borrowers to significantly reduce interest costs over time. However, the primary drawback is the significant premium paid for interest-only terms or high LVR loans. This product is ideally suited for owner-occupiers with at least 20% equity who want a full-featured loan to aggressively pay down their mortgage while maintaining liquid access to their extra savings.

ANZ Bank

ANZ Fixed Rate home loan

Rate: 6.34% - 7.44%

Sum: $20,000

Term: 1 years - 10 years

💰 Fees & Rates

  • ANZ set up and ongoing fees: $0
  • Lock rate fee: $750 per $1 million (available for 1-5 year terms)
  • Early repayment cost: Determined at time of early repayment if exceeding tolerance
  • Late payment fee: $20
  • Settlement, Production, and Lodgement fees: $160 each
  • Search fee: $50
  • ANZ One Offset account fee (available for 1-year fixed loans only): $10 per month

📋 Important Terms

  • Rate Locking: Interest rate is set on drawdown day unless locked via the 90-day Rate Lock option
  • Early Repayment Tolerance: Pay up to 5% of the loan amount or $5,000 (whichever is less) extra per year without penalty
  • Term Expiry: Loan automatically reverts to a variable rate at the end of the fixed period
  • Interest Only Options: Available for up to 5 years for owner-occupiers and 10 years for investment loans
  • Investment Benefit: Ability to pay interest in advance for tax purposes on residential investment loans
  • LVR Requirements: Discounted rates applied for Loan to Value Ratios (LVR) of 80% or less

💡 Adviser’s Tip

Olesya Krasavtseva
Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The primary advantage of the ANZ Fixed Rate home loan is the absolute repayment certainty and the absence of setup or ongoing administration fees, providing a transparent cost structure compared to many Canadian "Big Five" alternatives like RBC or TD. The main disadvantage is the highly restrictive early repayment policy; exceeding the $5,000 or 5% annual threshold can trigger significant break costs, whereas Canadian fixed-rate products often allow for 10% to 20% annual lump-sum prepayments. This loan is ideal for disciplined budgeters and investment property owners who value tax-efficient pre-payment options and do not intend to make substantial extra repayments or refinance during the fixed term.

ANZ Bank

ANZ Simplicity PLUS

Rate: 6.14% - 7.94%

Sum: $50,000

Term: 1 years - 30 years

💰 Fees & Rates

  • Monthly account service fee: $0
  • Loan approval and administration fees: $0
  • Valuation and progress payment fees: $0
  • Late payment fee: $20
  • Settlement fee: $160
  • Production and Lodgement fees: $160 each
  • Search fee: $50
  • Government charges: Subject to individual state or territory rates

📋 Important Terms

  • Interest Rate Structure: Variable rates are tiered based on Loan to Value Ratio (LVR)
  • Offset Account: Not available with this product (no-frills basic loan)
  • Repayment Flexibility: Additional repayments allowed without fees and access to redraw for extra funds
  • Lenders Mortgage Insurance (LMI): Generally required if the LVR exceeds 80%
  • Construction Terms: Progressive draw-downs permitted over a period of up to 24 months

💡 Adviser’s Tip

Olesya Krasavtseva
Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The primary advantage of the ANZ Simplicity PLUS is its "fee-free" baseline, which eliminates setup and ongoing administrative costs that are often mandatory in similar products from Canada's Big Five, such as BMO or RBC. Its main disadvantage is the lack of an offset account, making it less effective for borrowers with high cash reserves who wish to minimize interest charges. Compared to Canadian variable mortgages, which often feature fixed payment amounts despite rate changes, this Australian product adjusts the minimum repayment directly as rates fluctuate. It is best suited for owner-occupiers and investors seeking a straightforward, low-cost mortgage with a high equity position (LVR under 80%) who do not require complex banking features.

Bank of Sydney

BOS Basic Home Loan

Rate: 6.19% - 6.99%

Term: 25 years

Bankwest

Simple Home Loan

Rate: 6.19% - 8.37%

Sum: $20,000 - $10,000,000

Term: 30 years

Beyond Bank Australia

Purple Basic Variable Home Loan

Rate: 6.14%

Term: 30 years

Commonwealth Bank (CBA)

Simple Home Loan

Rate: 6.09% - 7.83%

Sum: $10,000

ING Bank

Home Loans

Rate: 5.99%

Sum: $50,000

Term: 30 years

NAB

NAB LMI waivers for medical and professional services

St. George Bank

Home loans

Rate: 6.29%

Suncorp Bank

Suncorp Bank Fixed Rate Home Loan

Rate: 6.14% - 6.24%

Sum: $150,000

Term: 1 years - 5 years

Suncorp Bank

Suncorp Bank Standard Variable Home Loan

Rate: 5.88% - 6.04%

Sum: $150,000

Term: 30 years

Suncorp Bank

Suncorp Bank Basic Variable Home Loan

Rate: 5.83% - 5.99%

Sum: $150,000

Term: 30 years

Westpac Bank

Flexi First Option Home Loan

Rate: 5.74% - 5.89%

Term: 30 years

Westpac Bank

Fixed Options Home Loan

Rate: 6.29% - 6.44%

Sum: $150,000

Term: 1 years - 5 years

Westpac Bank

Rocket Loan

Rate: 6.14% - 6.34%

Sum: $150,000

Term: 30 years

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What are the peculariticies of home loans for doctors and other medical staff?

Home loans for doctors and other medical professionals in Australia often come with special benefits and terms due to the perceived lower risk associated with their profession. Here are some peculiarities and advantages of such lending offers:

  1. Higher Loan-to-Value Ratio (LVR) - sometimes up to 90-95%, without the need for Lenders Mortgage Insurance (LMI).
  2. Discounted Interest Rates. The discounts can apply to both fixed and variable rate home loans.
  3. Waived or Reduced Fees. Application commissions, annual fees, and valuation fees, as an incentive for medical professionals.
  4. Flexible Loan Features. Offset accounts, redraw facilities, and the ability to make extra repayments without penalty.
  5. Tailored Loan Products. Loans that take into account the irregular income of junior doctors or those in private practice.

Who can apply for medical staff mortgage loans?

  • General practitioners (GPs)
  • Specialists
  • Dentists
  • Surgeons
  • Veterinarians
  • Pharmacists
  • Medical researchers
  • Nurses and allied health professionals (some lenders may offer benefits to these groups as well)
  • Other staff

Home loan calculations for 20 years (example)

Amount, $ Rate, % Accrued %, $
100,000 5.10% 51,425
100,000 5.20% 52,433
100,000 5.30% 53,442
150,000 5.40% 81,675
150,000 5.50% 83,188
150,000 5.60% 84,700
200,000 5.70% 114,950
200,000 5.80% 116,967
200,000 5.90% 118,983
250,000 6.00% 151,250
250,000 6.10% 153,771
250,000 6.20% 156,292

Do nurses have to pay LMI in Australia?

Nurses and other medical professionals may have options to avoid paying Lenders Mortgage Insurance (LMI), although the benefits are typically more readily available to doctors and certain other high-income medical professionals. However, some lenders are extending favorable terms to a broader range of healthcare workers, including nurses.

Eligibility for LMI waivers can depend on factors such as income level, employment status, and the specific policies of the lender. Registered nurses, particularly those with stable employment in public health systems, may have better chances.

See the similar FAQs about Australian banks: 

Contacts of companies offering the financial services:

ANZ Bank

Address: 833 Collins Street

Contact: 13-13-14

Web: www.anz.com

SWIFT: ANZBAU3M

Stock: ANZ

ANZ Bank

Address: 833 Collins Street

Contact: 13-13-14

Web: www.anz.com

SWIFT: ANZBAU3M

Stock: ANZ

ANZ Bank

Address: 833 Collins Street

Contact: 13-13-14

Web: www.anz.com

SWIFT: ANZBAU3M

Stock: ANZ

Bank of Sydney

Address: 62 Pitt Street

Contact: 13 95 00

Web: www.banksyd.com.au

SWIFT: LIKIAU2S

Bankwest

Address: 300 Murray St

Contact: 13 17 19

Web: www.bankwest.com.au

SWIFT: BKWAAU6P

Stock: CBA

Beyond Bank Australia

Address: 100 Waymouth St

Contact: 13 25 85

Web: www.beyondbank.com.au

SWIFT: CUSCAU2S

Commonwealth Bank (CBA)

Address: 1 Harbour St

Contact: 13 22 21

Web: www.commbank.com.au

SWIFT: CTBAAU2S

Stock: CBA

ING Bank

Address: 60 Margaret St

Contact: 13 34 64

Web: www.ing.com.au

SWIFT: INGBAU2S

Stock: INGA (AMS)

NAB

Address: 800 Bourke Street

Contact: 13 22 65

Web: www.nab.com.au

SWIFT: NATAAU33

Stock: NAB

St. George Bank

Address: 275 Kent Street

Contact: 13 33 30

Web: www.stgeorge.com.au

SWIFT: SGBLAU2S

Stock: WBC

Suncorp Bank

Address: 80 Ann Street

Contact: 13 11 55

Web: www.suncorpbank.com.au

SWIFT: METWAU4B

Stock: SUN

Suncorp Bank

Address: 80 Ann Street

Contact: 13 11 55

Web: www.suncorpbank.com.au

SWIFT: METWAU4B

Stock: SUN

Suncorp Bank

Address: 80 Ann Street

Contact: 13 11 55

Web: www.suncorpbank.com.au

SWIFT: METWAU4B

Stock: SUN

Westpac Bank

Address: 275 Kent Street

Contact: 13 20 32

Web: www.westpac.com.au

SWIFT: WPACAU2S

Stock: WBC

Westpac Bank

Address: 275 Kent Street

Contact: 13 20 32

Web: www.westpac.com.au

SWIFT: WPACAU2S

Stock: WBC

Westpac Bank

Address: 275 Kent Street

Contact: 13 20 32

Web: www.westpac.com.au

SWIFT: WPACAU2S

Stock: WBC

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