Are you aware as a Medical professional you get special treatment and advantages from most Banks and Lenders in Australia? I guess it’s a way for them and us to say “thank you” for all your hard work and dedication to the community. What does this mean? If you are a Doctor (GP), Medical Specialist (e.g. Cardiologist, Oncologist, Radiologist, Urologist etc), Dentist/Dental Specialists (e.g. Orthodontist, Endodontist, Oral and Maxillofacial Surgeon etc), you can qualify for tailored finance solutions that are second to none
Finance for Medical Professionals
Some examples include
- Up to 100% LVR on your practice commercial property purchases
- Up to 90% LVR on home loans and investment property loans with no LMI*
- Loans under SMSF especially when you consider buying the practice commercial property under SMSF
- Practice Goodwill loans (when you are looking to take over another retiring practitioner’s surgery)
- Business line of credits
- Fitout loans (when setting up or improving your practice)
- Asset Finance including low-doc Car Loans
- Margin Lending and Investment Funds management
- Lender Mortgage Insurance (LMI) waiver is subject to approval
Why Us
As part of being industry experts for over 15 years we can also guide and recommend you
- The most common and effective business/corporate structures our successful Self-Employed Medico clients use to set up their practices
- Why they use a “Service Entity” Or “Management Entity” to run your practices
- Difference between a Discretionary Trust, Unit Trust and Hybrid Trust and why/when to use them
- How to Calculate practice Goodwill value and what factors to consider when buying a Medical/Dental practice
- Why and when to use your SMSF to purchase your practice commercial property
- Introduce you with industry experts, e.g. Medical/Dental Fitout and Equipment suppliers, and qualified Accountants/Financial planners who understand the Medico industry and its niche requirements
- If you are at the early stages of your medical career, i.e. an Intern or Registrar in public/private Hospitals with PaYG Salary income, we can still offer you most of the finance options listed above – please Call Us for more details