Frequently Asked Questions

JS Medical & Dental Finance is a specialist finance brokerage that arranges home loans, practice finance, equipment finance and vehicle finance exclusively for doctors, dentists, specialists, vets and allied health professionals across Australia. Rather than working for one bank, we compare lending policies across our panel of lenders to find the structure, rate and loan-to-value ratio that suits your profession, income type and goals, then manage the application from pre-approval through to settlement.

A specialist broker gives you access to profession-specific lending policies — such as LMI waivers, higher borrowing limits and income-recognition rules for doctors and dentists — that aren't advertised on a bank's website and that a general branch lender may not apply correctly. Because we work across multiple lenders rather than one institution, we can compare policies side-by-side and place your loan with whichever lender's criteria best fit your employment structure, whether that's PAYG, self-employed, a practice owner, or a new graduate.

In most cases, no. Brokers are typically paid a commission by the lender once a loan settles, so there is no fee to you for standard home loan, car finance or practice finance broking services. Any exception, such as a fee for a complex commercial deal, is disclosed and agreed with you upfront before any work begins.

We work with general practitioners, medical specialists, dentists, veterinarians, physiotherapists, optometrists, pharmacists and other allied health professionals, whether they are PAYG employees, locums, contractors, or practice owners. Our lending panel includes policies specifically designed around the income and employment patterns common to each of these professions.

Yes. JS Medical & Dental Finance operates under Australian Credit Licence 384704 (Finsure) with Credit Representative Number 547836, and our brokers are accredited members of the Finance Brokers Association of Australia (FBAA). Founder Jason Savage has specialised in medical and dental finance for more than 21 years.

You'll generally need your most recent payslips or two years of tax returns if self-employed, proof of employment or professional registration such as AHPRA, recent bank statements, and evidence of your savings or deposit. Because many lenders offer medical professionals reduced-documentation lending or higher income-recognition percentages, such as counting 100% of overtime or locum income, your application can often be assessed more favourably than a standard PAYG applicant's.

Eligible medical and dental professionals can typically borrow up to 90–95% of a property's value without paying LMI, compared with the standard 80% cap for most borrowers. Doctors and dentists are usually able to access the full 95% waiver, while some other health professions are capped at 90%, depending on the specific lender's professional package policy.

Yes. Lenders offer "medical professional" packages that can include LMI waivers up to 95% LVR, discounted interest rates, waived application and annual package fees, and more flexible assessment of overtime, locum and practice income. These policies exist because lenders view registered medical and dental professionals as a lower default risk.

You need unconditional finance pre-approval before bidding, because an auction purchase is unconditional — there is no cooling-off period and no finance clause once the hammer falls. You'll also need a 10% deposit ready to pay immediately if your bid is successful, so your finance, deposit funds and legal checks should all be arranged before auction day.

Yes. If your home has increased in value or you've paid down your loan, you may be able to access that equity as a deposit for an investment property or a new home, without needing to save an additional cash deposit. We can calculate your usable equity and structure the new loan alongside your existing one.

In many cases, yes — this is often called a rate review or loan repricing, where your existing lender adjusts your rate or terms without you needing to switch lenders. It's usually faster than a full refinance, doesn't involve new application fees, and doesn't require a new credit enquiry on your file, though it may not always secure as competitive a rate as switching lenders.

Yes. Self-employed applicants and practice owners typically need two years of personal and business tax returns, financial statements and recent BAS statements, and lenders will assess your borrowing capacity from your business's net profit rather than a payslip. If your most recent year is your strongest, some lenders will accept low-documentation options or place greater weight on that year, provided your cash flow supports it.

Yes. Many lenders will approve a home loan for a doctor or dentist based on a signed employment contract before their first payslip is even issued, recognising future income from an internship, registrar position or associateship. New graduates can often still access up to 95% LVR with no LMI, provided they meet the lender's professional registration and contract requirements.

Goodwill funding is finance used to purchase the intangible value of a practice — its patient base, reputation, referral relationships and future earning potential — as opposed to its physical equipment or property. Depending on the practice's financials and your experience, lenders in our panel can fund up to 100% of a goodwill purchase, often combined into one facility alongside equipment and fitout costs.

Yes. Equipment finance can be arranged for anything from a single piece of diagnostic or treatment equipment to a full practice fit-out of new technology, and is typically structured as a chattel mortgage or equipment loan secured against the asset itself. Financing equipment rather than paying cash preserves your working capital while letting you offer more advanced patient care sooner.

Fitout finance covers the cost of building out a practice space — from walls, plumbing and electrical work to cabinetry, flooring and reception areas — and is generally arranged once you've secured the property or lease for a new or expanded practice. It's commonly combined with equipment and goodwill finance into a single facility so you don't have to juggle multiple lenders during a practice build.

Yes. Commercial property finance can be arranged to purchase the building your practice operates from, whether you're buying your current leased premises, relocating, or acquiring an additional site. Owning your premises can build a separate asset alongside your practice and may offer more favourable long-term terms than an equipment or goodwill-only facility.

A business overdraft gives your practice access to a pre-approved line of credit to cover short-term cash flow gaps — such as the delay between paying staff and suppliers and receiving payments from Medicare, health funds or patients — without needing to apply for a new loan each time. It's typically only drawn on, and interest charged, when you actually use the funds.

Depending on the practice's profitability, your experience and the lender, practice purchases can be financed up to 100% between goodwill, equipment and working capital components, particularly for well-established practices with strong, verifiable cash flow. We structure the finance around the specific components of the purchase — goodwill, equipment, stock and fitout — to maximise what can be borrowed against each.

Practice Listings is our curated marketplace of medical, dental, veterinary and allied health practices for sale across Australia, browsable by category and location. Unlike a standard listings site, every opportunity is paired with tailored finance guidance from our team, so you can assess whether a practice is fundable and understand your likely borrowing capacity before you make an offer.

Yes. We arrange finance for practice purchases regardless of where you found the opportunity, including practices listed with other brokers, accountants or found through your own professional network. We'll review the practice's financials, structure the goodwill, equipment and property components, and manage the finance application through to settlement.

We arrange personal car finance for healthcare professionals, with some lenders financing up to 100% of the vehicle's purchase price, so you don't need to fund a deposit from savings. Loan structures can be tailored around your income type, whether you're PAYG, a locum, or a practice owner drawing business income.

Yes. Commercial vehicle finance can be arranged for practice needs such as mobile or patient transport vehicles, with loan structures suited to a business borrower rather than an individual. This can include tax-effective structures depending on how the vehicle is used in your practice.

Timeframes vary by loan type and lender, but a straightforward home loan pre-approval can often be turned around within a few business days once your documents are provided, while practice or commercial finance involving goodwill and equipment components typically takes longer due to the additional financial analysis required. We'll give you a realistic timeframe for your specific situation at the start of the process.

Call us on 1300 829 134 or book a time online to speak with one of our specialists about your home loan, practice purchase, equipment or vehicle finance needs. We'll ask about your situation and goals, outline your options across our lending panel, and let you know exactly what documentation you'll need before we submit anything.