Medical Professionals Loan
Medical professionals can save time and money with VOXFIN for all your medical loans!
- We cover annual loan fees (T & C applies)
- Get exclusive cashback offers (T & C applies)
Our clients’ satisfaction ratings on Google and Facebook have made us Australia’s most trusted Number 1 loan mortgage broker
If you want the best deals on Medical professional loans or healthcare professionals’ finances, you are at the right place: VOXFIN.
We know you are extremely busy making our community healthy and fit, so allow us to bring you solutions for all medical loans. We have streamlined the documentation to save you time. Whether you’re a surgeon, medical specialist, general practitioner, dentist, or even a veterinarian, all we need is proof of your registration with the APHRA, and we’ll do the rest.
Medical professionals loan mortgage brokers in Melbourne, Adelaide, Brisbane, and Sydney will come to you. We specialise in loans for medical professionals and healthcare professionals.
We have been working with medical and healthcare professionals throughout Australia and assisting with all types of loans. Whether you are looking for a Dental home loan, physician home loan or surgeon mortgage solutions, we have you covered.
Simplified Medical professional loans and Healthcare professional loans.
Save time and money with specialists who simplify medical practice financing, including loans for medical practice purchases, medical equipment finance, medical outfits, dental outfits, medical practitioner car loans, and medical commercial property. Our comprehensive knowledge of doctors’ unique income streams and career journeys allows us to simplify and make medical industry lending easy.
As a doctor, you may be eligible to receive:
- Up to 100% practice purchase loans
- Up to 100% cars and medical equipment loans
- Up to 100% commercial property loans
- Borrow up to 100% of your home loan value and pay NO LMI
Buying into or establishing a medical practice is a major decision, but it doesn’t have to be overwhelming. We have streamlined the process for health professionals’ practice loans, including medical practice loans.
Whether you’re purchasing the goodwill of an existing practice or joining a partnership, we offer financing options for doctors, dentists, physicians and surgeons. We offer loan options, repayment management, cash flow, and future business goals.
- Finance your goodwill and equipment separately
- Ability to borrow up to 100% of your practice purchase price
- Choose Principal + Interest or Interest Only repayment options
For medical professional loan solutions, you are choosing VOXFIN for:
- Fast approvals
- Access to competitive interest rates
- Personalised loan solutions for Medical Professionals
- Our clients’ high satisfaction ratings made us Australia’s best home loan mortgage broker
Comprehensive financial solutions available for medical professionals, catering to residential, commercial, asset and equipment needs
Car Loans for Medical and Dental Professionals
- Fast and simple medical vehicle finance
- All types of car loans for healthcare professionals
Medical Equipment Finance for Doctors and Dentists
- A $0 deposit is required; no upfront deposit is needed
- Loan terms up to 7 years, flexible repayment options for long-term financing
- Refinancing is available, with the option to refinance recently purchased equipment
Medical Fitout Finance
- Repayment commencement: repayments begin after improvements are complete
- Capitalised interest: interest during construction can be capitalised
- Interest on used funds: pay interest only on the funds utilised, not the total approved amount
Medical Practice Loans
- Separate financing: finance your goodwill and equipment separately
- Interest rate options: choose between fixed and variable interest rates
- Redraw Facility, access additional funds with redraw available
- High Borrowing Capacity: borrow up to 100% of your practice purchase price
Commercial Property Loan for Doctors
- Customise your practice space with our construction loan for medical practices
- Line of Credit: access a line of credit for added flexibility
- We offer flexible options tailored to medical, dental, and vet practices
- Approved applicants can borrow up to 100% of the purchase price without additional security
Home Loan for Medical Professionals
- Offset Accounts benefit to reduce interest payments
- Choose between variable or fixed interest rates
- Enjoy competitive rates and no fees for your loan
- Flexible repayment options include principal and interest or interest-only
Medical and Dental Practice Loans Consider the following points:
Before acquiring medical practice finance, it’s essential to consider several factors to ensure a successful investment. Here’s what you should consider:
Financial Assessment
Evaluate the financial health of the medical practice, including revenue, profitability, and cash flow. Understand historical financial performance and future projections.
Practice Valuation
Determine the value of the medical practice, considering factors like patient base, location, reputation, and assets. Obtain a professional valuation to assess the practice’s worth accurately.
Loan Options
Explore financing options tailored to medical practices, such as commercial loans, medical asset and equipment financing, or practice acquisition loans. Compare interest rates, terms, and repayment options to find the most suitable solution.
Use of Funds
Clearly define how the funds will be utilised, whether for medical practice acquisition, expansion, medical equipment purchase, or medical working capital. Ensure the loan amount aligns with the practice’s specific needs and growth objectives.
Repayment Strategy
Develop a realistic repayment plan based on the practice’s revenue projections and cash flow. Consider factors such as interest rates, loan duration, and monthly payment to ensure affordability and sustainability.
Risk Assessment
Regulatory Compliance
Ensure compliance with healthcare regulations and standards when acquiring or expanding a medical practice. Understand any legal or regulatory requirements associated with practice ownership.
Risk Management
Assess potential risks associated with practice ownership or expansion, such as changes in healthcare policies, market competition, or unforeseen events. Develop strategies to mitigate risks and safeguard practice operations.
Long-Term Planning
Consider the medical practice’s long-term goals and objectives, such as growth targets, succession planning, or retirement plans. Ensure that the financing aligns with the practice’s strategic vision for the future.
How VOXFIN can help
Expert Guidance
VOXFIN offers expert guidance and support throughout the medical practice finance process. Our team of medical professionals home loan specialists understands the unique needs of healthcare professionals and can provide tailored solutions.
Access to Lenders
We have established relationships with lenders specialising in medical practice finance, giving you access to a wide range of medical loan options and favourable terms.
Customised Solutions
VOXFIN works closely with you to understand your practice’s requirements and objectives, offering customised financing solutions that meet your specific needs.
We have solutions for all healthcare professionals and allied health professionals
Are you looking for any of these and one of the loans below? We have the best medical loans in Australia for you.
| 1. Dental Therapist Practice Loans | 2. Psychologist Practice Loans | 3. Occupational Therapy Practice Loans |
| 4. Therapist Practice Loans | 5. Pharmacist Loans | 6. Dental Hygienist Practice Loans |
| 7. Podiatrist Practice Loans | 8. Osteopath Practice Loans | 9. Radiographer Practice Loans |
| 10. Orthotics and Prosthetist practice Loans | 11. Medicine Practitioners Loan | 12. Herbal Medicine Practitioners Loan |
| 13. Optometry Practice Loans | 14. Medical Radiation Practitioners Loan | 15. Chiropractors Practice Loans |
| 16. Biomedical Science Loans | 17. Speech Therapy Practice Loans | 18. Dietetics Practice Loans |
| 19. Dental Therapist Practice Loans | 20. Oral Health Therapist Practice Loans | 21. Holistic Wellbeing Centres Loan |
We have assisted many registered nurses in the country in getting the best home loan for nurses. You can borrow up to 90% and NO LMI!
SMSF finance is for doctors, dentists, physicians, and surgeons.
Understanding how to use your self-managed super fund (SMSF) to invest in commercial and residential real estate can provide substantial tax advantages and benefits for retirement planning. Medical professional SMSF property loan mortgage brokers at VOXFIN made it simple.
Waived LMI for Doctors
Borrow up to 100% of your home loan value and pay no LMI. We help doctors save an average of $50,000 in LMI costs on a 95% LVR home loan with a $1,000,000 purchase price.
We Cover Annual Loan Fees for Doctors
We pay annual loan fees for doctors on home loans above $500k, saving an average of $11,850 over the loan’s lifetime!
Specialist Interest Rates for Doctors
We internally negotiate to get the lowest interest rates only designed for Doctors for you!
Waived LMI for Doctors
Borrow up to 100% of your home loan value and pay no LMI. We help doctors save an average of $50,000 in LMI costs on a 95% LVR home loan with a $1,000,000 purchase price.
We Cover Annual Loan Fees for Doctors
We pay annual loan fees for doctors on home loans above $500k, saving an average of $11,850 over the loan’s lifetime!
Specialist Interest Rates for Doctors
We internally negotiate to get the lowest interest rates only designed for Doctors for you!
Frequently Asked Questions (FAQs)
Questions and queries related to Medical Professionals Loans
GOODWILL
Are you an aspiring or current practice owner interested in leveraging the goodwill of a practice to advance your career? Below are some of our most frequently asked questions about goodwill and practice purchase loans.
WHAT IS GOODWILL?
Goodwill is the intrinsic value of a practice, excluding its property, equipment, and other physical assets. It encompasses the value of the patient base, reputation, consistently good service, range of services, and future cashflow potential if the transfer of goodwill is managed well. It also includes non-physical assets such as the practice’s name/brand, IP information, phone numbers, websites, etc.
HOW IS THE VALUE OF GOODWILL CALCULATED?
Valuers use a combination of EBITDA (earnings before interest, taxes, depreciation, and amortisation) and practice gross revenue to determine the value of a practice. It’s crucial for anyone looking to invest in practice to engage an experienced accountant to evaluate the business’s worth. This step will prevent you from overpaying for the practice. On the other hand, if the practice is being sold at a low price, it’s important to understand its reasons. Working with an accountant who comprehends the functioning of medical, dental, and veterinary practices is essential.
WHAT TYPE OF COLLATERAL DO YOU REQUIRE FOR A GOODWILL LOAN?
When obtaining a goodwill loan, the goodwill and equipment of the practice are utilised as collateral. If you’re entering into a practice partnership, the current partners can continue as usual because we only secure the loan against your portion of the partnership.
DOES THE PRACTICE NEED TO GUARANTEE MY INDIVIDUAL LOAN FOR A PARTNERSHIP BUY-IN?
If you are buying into a partnership, the current partners will not be affected as we only secure an interest in your share of the partnership.
DO I HAVE TO BORROW AGAINST MY HOME WITH A GOODWILL LOAN?
You do not have to use your home or personal property as collateral for a goodwill loan. We understand the value of your profession and the effort it takes to build goodwill in practice. With our extensive experience in lending to doctors, dentists, and vets, we can use the goodwill and equipment of the existing practice as security instead of requiring your home or personal property.
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IS THERE ANY ADDITIONAL SECURITY REQUIRED FOR A GOODWILL LOAN?
Considering the intangible nature of goodwill and the significant role of the practitioner(s) in maintaining and enhancing goodwill within the practice, we stipulate that the borrower or primary practitioner(s) must acquire or provide proof of life and income protection cover. This cover should be adequate to settle any loan balances that are secured by goodwill.
HOW MUCH OF THE PURCHASE PRICE CAN I BORROW?
In most cases, up to 100% of the purchase price of an existing practice or share in a partnership.
HOW WILL YOU ASSESS MY ABILITY TO QUALIFY FOR THE GOODWILL LOAN?
In assessing a goodwill loan, we may consider both the income from the practice being acquired and the current personal billings (if the individual is a contractor or employee) to determine the borrower’s ability to repay the loan and their income potential as an owner/manager practitioner.
HOW CAN YOU FINANCE THE PURCHASE OF A PRACTICE USING GOODWILL?
Our consultants are available to walk you through an example of a practice purchase.
CAN I DRAW AGAINST GOODWILL IN MY PRACTICE?
Yes, banks can lend money based on the goodwill you have built in your practice to help you expand further.
WHAT INFORMATION DO I NEED TO APPLY FOR A GOODWILL LOAN?
VOXFIN’s medical specialist mortgage brokers can provide you with a list of the information needed to apply for a goodwill loan. This will include:
- Financial statements of the existing practice or the practice being acquired (2-3 years preferred)
- Personal financials
- Purchase contract
Why choose us?
We understand the importance of earning your trust in the guidance provided by the expert medical professionals loan broker at VOXFIN. We can assist you with all types of medical professional loans as well as all other financial lending needs, such as home loans, refinancing home loans, car loans, commercial loans, and insurance.
Additionally, we can assist with organising financing to start or grow your business and fund your assets.
About Us
Expert medical professionals loan brokers at VOXFIN are here to assist you with all types of medical professional financing needs. We simplify the loan process and provide the right information and guidance so you can make sound investment decisions.
We assist Australians throughout the nation. We work with over 35 lenders in Australia to bring you the best loan option with the lowest interest rate. and the most appropriate home loan structure to grow your property portfolio.
Get a Free Consultation
info@voxfin.com.au
0370652000|0435393623
Specialist medical professionals mortgage brokers at VOXFIN have simplified loans for medical professionals.
We work hard for you with honesty, transparency and genuineness, ensuring a long-lasting professional relationship built on trust.
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