- Medical professionals including doctors, dentists, physiotherapists, optometrists and veterinarians are eligible for ANZ LMI waiver (see full list of professions here).
- You can borrow up to 95% LVR with No LMI.
- Maximum loan amount of $4.75 million with 95% LVR.
- Maximum loan amount of $4.5 million with 90% LVR.
- No minimum income required.
- To estimate your borrowing capacity, take a look at our useful calculator.
ANZ provides a Medico Policy designed to support eligible medical professionals—such as doctors, dentists, optometrists, physiotherapists, and more—by offering a waiver on Lenders Mortgage Insurance (LMI) for loans up to 95% of a property's value. This can significantly reduce upfront costs, making it easier to purchase a home sooner.
While you can apply for the ANZ Medico Policy directly through the bank, many professionals choose to work with an expert mortgage broker like Eden Emerald Mortgages. Their team is experienced in navigating ANZ’s specific eligibility requirements and can ensure your application is submitted accurately and efficiently. They also compare offers from over 40 lenders to make sure you're getting the most competitive deal available. Best of all, their service is completely free for borrowers, as they’re paid by the lender. Simply fill out the form below to get in touch with a broker and take the next step toward your home loan.
Speak to an Expert and Waive Your LMI
To receive free guidance throughout your home loan process, including expert advice and recommendations on LMI Waivers, you can speak to Shaun by filling out the form below.
Shaun is an experienced mortgage broker from EE Mortgages who will call you to discuss your situation free of charge. You can also call him on (02) 9188 9398.
ANZ Medico Policy LMI Waiver: Which Professions are Eligible?
Maximum LVR
90%
Eligible Professions
Veterinarians, General Practitioners, Specialists, Surgeons, Locums, Interns, Residents
Important Information
- Borrow up to $4.5 million
- No minimum annual income requirements
- Must be currently employed in Australia and registered with relevant veterinary board
- Documents required to prove your profession
How to Apply for ANZ Medico Policy LMI Waiver
To apply for a ANZ Medico Policy, simply follow these steps:
- Check Eligibility: Find out if you are eligible, based on your profession, deposit amount, and desired loan amount. It is a good idea to speak to a mortgage broker who can help you determine eligibility, as well as guide you through the entire process.
- Speak to ANZ: If you use a mortgage broker, they will speak to ANZ on your behalf, so you can skip this step. If you decide to apply for the Medico Policy by yourself, then visit ANZ and tell them you want to apply for an LMI waiver home loan.
- Submit Documents: Provide any documents that are requested, such as proof or employment, relevant certification or registration for your profession, pay slips, bank statements and tax returns.
- Receive Confirmation: If you are approved, ANZ will waive your LMI, and you can borrow up to 95% LVR without having to pay any LMI fees.
Frequently Asked Questions
Yes, ANZ waives LMI for a range of medical professionals including doctors, veterinarians, dentists, optometrists and chiropractors. Check the list above to see if you qualify.
There are several banks and lenders that waive LMI for medical professionals, including ANZ, BOQ, CBA, Granite Home Loans, Macquarie Bank, NAB, St. George and Westpac. To see the full list, read this article.
Nurses are not eligible for the ANZ Medico Policy. However, you can click here to find out which lenders waive LMI for nurses.
If you are a doctor, dentist or medical specialist, you will be able to waive LMI at ANZ with only 5% deposit. Alternatively, if you are a first-home buyer you can avoid LMI with 5% deposit.
Use a Mortgage Broker to Apply for ANZ Medico Policy
The simplest way to access the ANZ Medico Policy is by working with a mortgage broker. Their services come at no cost to you (as they are compensated by the lender), and they’ll assist you through the entire home loan and LMI waiver process. A broker can help you find the lowest possible interest rates while maximising your borrowing power.
You can speak to
EE Mortgages, a specialist mortgage broker in LMI waivers. To get started or even just to answer some questions, fill out the form below or call them on (02) 9188 9398.
Speak to an Expert and Waive Your LMI
To receive free guidance throughout your home loan process, including expert advice and recommendations on LMI Waivers, you can speak to Shaun by filling out the form below.
Shaun is an experienced mortgage broker from EE Mortgages who will call you to discuss your situation free of charge. You can also call him on (02) 9188 9398.