Best Loans For Doctors - 90% Approval Rate, Fast Finance

Think of a Finance Lease like a high-end "technology subscription" for your practice. Similar to a software subscription, the lender owns the equipment, and you "rent" it for its most productive years. The Benefit : The "debt" often doesn't appear as a liability on your balance sheet, keeping your business looking financially lean for future mortgage applications.

Instead of applying for a new loan every time you need a dental chair or IT upgrade, a Master Limit provides one overarching approval (e.g., $500,000). The Benefit : You don't need to resubmit tax returns for every purchase. You simply "draw down" from your limit, turning a month-long headache into a 24-hour notification.

This is the most common structure for equipment. The business owns the asset immediately while the lender holds a mortgage over it. The Benefit:  Practitioners claim the GST component upfront and benefit from the depreciation benefits medical assets offer.

Yes. Specialist medical lenders understand the value of a patient list. We can arrange goodwill finance medical loans secured against cash flow.

Yes. Usually funded via an Unsecured Business Loan or Fit-Out Facility.

In many cases, no. Medical professionals frequently access 100% equipment finance.

Under $150k: Often within 24 hours. Larger loans: 3-5 business days.

Equipment finance usually has fixed rates. Overdrafts/Property loans may be variable.

Medical professionals are generally viewed as "low risk" by lenders, entitling them to interest rates significantly lower than the standard commercial market—often comparable to residential mortgage rates plus a small margin. A true "Tier 1" offer should reflect this "White Coat" discount. If your quote looks like a standard unsecured business loan rate (10%+), you may be with the wrong lender. We ensure you are positioned correctly to access these exclusive Medico policies.

The main difference lies in ownership and tax treatment.

• Chattel Mortgage:  You own the medical equipment from day one, and the lender takes a "mortgage" over it. This allows you to claim the GST component back immediately on your next BAS and claim depreciation/Instant Asset Write-off benefits. This is the most common structure for established practices.

• Finance Lease:  The lender owns the asset, and you rent it from them. You generally claim the monthly rental payments as a tax deduction. This can be beneficial for keeping the asset off your balance sheet or for newer doctors managing strict cash flow.

Not always. For loans under a certain threshold (typically $150,000 to $250,000 depending on the lender), we can access "Low Doc" policies. These rely on your AHPRA registration and Medicare Provider Number  as proof of industry standing, rather than digging into your tax returns. You will typically only need to provide a privacy consent form, your ID, and the supplier invoice.

Yes. We understand that medical professionals can face life events—such as divorce, partnership disputes, or litigation—that impact a credit file despite strong personal income. While major banks may decline based on a credit score algorithm, specialist medical lenders look at the "story" behind the data. If your practice has strong cash flow and the default is explained, we can often secure competitive funding.

Limits are generally based on "serviceability" (your ability to repay) rather than a hard cap. However, medical professionals often have access to Master Limits.  This is a pre-approved facility (e.g., $500,000 or $1M) that allows you to purchase multiple pieces of equipment over a 12-month period without reapplying each time. This is ideal for fitting out a new clinic or upgrading an entire ward.

Yes. Traditional banks often dislike funding "soft assets" (intangibles like Practice Management Software or IT setups) because they cannot easily repossess them. However, Medico-specific lenders understand that these are critical to your revenue. We can structure loans specifically for IT upgrades, cloud software implementations, and cabinetry fit-outs, often without requiring residential property security.

Yes, but the cost depends on the loan type.

• Variable Rate Loans:  Usually have no early payout fees.

• Fixed Rate Equipment Loans:  Often have a "break cost" or economic cost calculation if paid out early, as the lender has secured funding for the fixed term. If you plan to pay the debt off quickly, please let us know upfront so we can place you with a lender that offers flexible early termination terms.

Our service is generally free to you, the borrower. Lend receives a brokerage fee from the lender upon the successful settlement of your loan. This fee is fully disclosed in your finance agreement. Importantly, because of the volume of loans we originate, the interest rate you receive via Lend is often the same, or better, than going direct to the bank, as we access wholesale pricing channels.