Home Loans for Doctors & Medical Professionals, October 2026
Live owner-occupier rates from the six lenders that publish a medical LMI waiver, ranked by comparison rate and checked daily, rates as at 2 October 2026, plus who reaches 95% LVR with no LMI and how junior doctor income is assessed. Compare against the wider market to see what's sharpest for you.
About these dates
Live rates updated 8 October 2026. Verified snapshot dated 2 October 2026 is used only for promoted 80% LVR claims, not as a second table date. Live figures change as lenders publish. The verified snapshot is the dated 80% LVR matrix used for promoted claims.
Can doctors get a home loan without LMI in Australia?
Yes. Ratesniffers checked the lenders on 8 October 2026: Westpac, St.George and Bank of Melbourne lend to 95 percent of the property value with no LMI and no minimum income for hospital-employed doctors and medical specialists, ANZ waives the premium for AHPRA-registered practitioners with a 5 percent deposit, and NAB and CommBank publish doctor waivers of their own. The waiver is a saved premium, not a lower rate, so the comparison rate still decides.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Home loans for doctors: what is actually different?
One thing, and it is worth a lot: lenders treat registered medical practitioners as a low-risk profession and waive lenders mortgage insurance on deposits as small as 5 percent. On an $800,000 purchase ANZ's own fact sheet puts the waived premium at $36,187. There is no separate doctor interest rate on the pages verified here; the second lever is how much of a junior doctor's overtime and allowances a lender counts, which the Westpac group sets at 100 percent for eligible professions.
A waived premium on a 95 percent loan still carries the higher rate most lenders charge above 80 percent of value, so size the premium with the LMI calculator, model the repayments with the borrowing power calculator, then rank the shortlist by comparison rate.
Which lenders offer doctor home loans with an LMI waiver?
Six lenders in the Ratesniffers index publish a medical LMI waiver. Three share one Westpac-group policy with a 95 percent, no-minimum-income tier, ANZ matches that LVR on an AHPRA gate with loan-size caps, and NAB and CommBank publish waivers whose LVR is confirmed at application.
| Lender | What it offers doctors | Eligibility gate |
|---|---|---|
| Westpac Source: westpac.com.au | LMI waiver to a maximum LVR of 95 percent with no minimum income for dentists, general practitioners, hospital-employed doctors (intern, resident, registrar and staff specialist) and medical specialists as defined by the Medical Board of Australia. Doctors are also on Westpac's list for having 100 percent of overtime and allowances assessed as income. | Eligibility is checked against Westpac's published profession list and its LMI waiver, LVR and PAYG disclaimers. Other listed healthcare professions reach 90 percent LVR with a $90,000 minimum income. |
| St.George Source: stgeorge.com.au | The same Westpac-group profession policy: eligible healthcare professionals can borrow with as little as a 5 or 10 percent deposit and no LMI, and hospital-employed doctors and medical specialists sit in the no-minimum-income tier with a maximum LVR of 95 percent. Eligible professionals can also have 100 percent of overtime and allowances included in the income assessment. | Hospital-employed doctors (intern, resident, registrar, staff specialist) and Medical Board specialists for the 95 percent tier; other listed healthcare and emergency-service professions need $90,000 a year for the 90 percent tier, including self-employed or casual professionals in those fields. |
| Bank of Melbourne Source: bankofmelbourne.com.au | Identical to St.George within the Westpac group: no LMI with a 5 or 10 percent deposit for eligible healthcare and emergency-services professionals, a 95 percent maximum LVR with no minimum income for hospital-employed doctors and medical specialists, and 100 percent of overtime and allowances counted for eligible healthcare professionals. | Published profession list on the Bank of Melbourne page; the 95 percent tier is limited to the named medical professions, the 90 percent tier carries the $90,000 minimum income. |
| ANZ Source: anz.com.au (fact sheet) | ANZ waives the LMI premium for eligible medical practitioners, specialists and dental practitioners with a 5 percent deposit, so a loan-to-value ratio of up to 95 percent as assessed by ANZ. ANZ's own worked example on the fact sheet shows a $36,187 premium on an $800,000 property reduced to $0. | The practitioner must be registered with the Australian Health Practitioner Regulation Agency (AHPRA), borrowing $4.75 million or less to buy or refinance, with total ANZ home lending of $8 million or less, and the property inside ANZ's published value caps. |
| NAB Source: nab.com.au | NAB publishes LMI waivers on home loans for doctors, lawyers and financial professionals: the lender lets an eligible applicant skip the LMI premium without a 20 percent deposit. The consumer page does not publish the maximum LVR for the medical waiver, so that figure is confirmed at application. | Medical professionals must be practising in a field NAB lists as acceptable and hold current registration with AHPRA. |
| CommBank Source: commbank.com.au | A professional LMI waiver for doctors, lawyers and accountants with a deposit of as little as 10 percent, which is a maximum LVR of 90 percent. CommBank does not publish a profession list on the page; eligibility is confirmed with a Home Lending Specialist. | Subject to CommBank confirming that the applicant's profession is eligible. CommBank also offers the Australian Government 5% Deposit Scheme on the same page, which is a separate route with its own rules. |
Who counts as a doctor for an LMI waiver?
Each lender publishes its own gate. The Westpac group names dentists, general practitioners, hospital-employed doctors at intern, resident, registrar and staff specialist level, and medical specialists as defined by the Medical Board of Australia. ANZ and NAB gate on current registration with the Australian Health Practitioner Regulation Agency (AHPRA), with ANZ extending the waiver to dental practitioners. CommBank names doctors alongside lawyers and accountants and confirms eligibility with a lending specialist rather than a published list.
Other healthcare professions are not left out: the Westpac group's 90 percent tier covers listed allied health roles with a $90,000 minimum income, and the home loans for nurses page covers the member-owned lenders built for the sector. Every route above 80 percent of value open to any buyer is on low deposit home loans, including first home buyer government support.
Doctor home loan FAQ
Which lenders offer home loans for doctors with no LMI?
Six lenders in the Ratesniffers index publish a medical LMI waiver. Westpac, St.George and Bank of Melbourne take hospital-employed doctors and medical specialists to a 95 percent loan-to-value ratio with no minimum income and no LMI, and Westpac also lists dentists and general practitioners in that tier. ANZ waives the premium for AHPRA-registered medical practitioners, specialists and dentists with a 5 percent deposit. NAB waives LMI for AHPRA-registered doctors in its acceptable fields, and CommBank waives it for doctors from a 10 percent deposit. Any other lender will lend to a doctor on ordinary terms, so compare by comparison rate.
Can a doctor borrow 95 percent of the property value without LMI?
Yes, at the lenders that publish a 95 percent tier. Westpac, St.George and Bank of Melbourne set a maximum LVR of 95 percent with no minimum income for hospital-employed doctors (intern, resident, registrar, staff specialist) and Medical Board specialists, and ANZ waives LMI with a 5 percent deposit for eligible medical and dental practitioners. Loans above 80 percent of value usually price higher than loans below it, so a 95 percent loan with the premium waived is not the same as the sharpest rate; compare the total cost with the LMI calculator before choosing.
Do doctors get a lower home loan interest rate?
Not on the pages verified here. The published doctor benefit at these lenders is a waived LMI premium and, at the Westpac group, full credit for overtime and allowances, rather than a separate doctor interest rate. Any rate negotiation sits on top of that and is not advertised. Rank the shortlist by comparison rate in the live table on this page, then weigh the waiver against the rate you are offered.
Do interns and resident doctors qualify?
At the Westpac group, yes: the published 95 percent tier names hospital-employed doctors at intern, resident, registrar and staff specialist level with no minimum income. ANZ and NAB gate on AHPRA registration rather than seniority, so a registered junior doctor can be assessed. Lenders still assess the actual payslips, and how much of a junior doctor's overtime and penalty income is counted varies, which is why the Westpac-group policy of counting 100 percent of overtime and allowances can matter more than the waiver.
Is there a maximum loan size for a doctor LMI waiver?
ANZ publishes caps: the practitioner must be borrowing $4.75 million or less to purchase or refinance, with total ANZ home lending of $8 million or less and the property within ANZ's published value limits. Westpac, St.George and Bank of Melbourne publish LVR and income tiers rather than a loan cap on the pages verified here, and NAB and CommBank confirm limits at application.