5.29
%
p.a.
Interest rate *
We find the lenders who fully credit locum, agency, and ABN income without the 30–50% capacity haircut most brokers leave on the table.
Locum doctors face the single biggest finance hurdle in the medical profession: most lenders don’t know how to assess your income. Agency invoices, ABN billings, fortnightly placements, gaps between contracts none of it fits the PAYG mould most loan assessors are trained on. The result is that most locums are quoted borrowing capacities 30–50% below what they actually qualify for. We work with the small number of lenders who properly credit locum income and we know exactly how to package your application.
* Comparison rate based on a $150,000 loan over 25 years. Fees may apply. Actual rates may vary with different terms, fees, or loan amounts.
* Rates shown are indicative only and subject to change without notice. Final rates will depend on the lender’s assessment of your individual circumstances, including your credit profile and loan purpose.
Doctor in scrubs with bag/in transit — conveys mobility, locum lifestyle
Most lender models penalise irregular monthly income even when annual earnings are higher than a salaried doctor’s. The model doesn’t fit how locums earn.
Treated as ‘self-employed’ by some lenders, requiring 2+ years of full BAS even though locum income is contractually obligated, not speculative.
Counted as ‘no income’ months in some calculations, dragging down assessed capacity. The right lender treats gaps as expected, not red flags.
Four steps from intro to settlement
Who have built locum-income policies. There aren’t many but the few who do are dramatically better.
To demonstrate income reliability: placement history, agency contracts, professional indemnity, AHPRA registration, future bookings.
Often securing 100% credit of locum billings against lenders who’d quote 70% to a direct applicant.
Every loan product an Australian locum doctor is likely to need, under one specialist team.
Agency, contracts, billing pattern, AHPRA status
Used 12 months of agency placement history to qualify for medical-pro LMI waiver, despite irregular monthly billings.
Moved from a generalist lender that only credited 60% of locum income and released $300K equity at full income recognition.
Every loan product an Australian doctor is likely to need, under one specialist team.
LMI waivers up to 100% LVR for AHPRA-registered doctors. First home, upgrader or refinance.
Build a property portfolio with structures suited to high-income, irregular-billing doctors
Move to a lender that actually credits medical income, locum work or trust distributions
Practice buy-ins, fit-outs, equipment, vehicles, and expansion finance for medical professionals.
Book a 15-minute call and we’ll point you in the right direction — no obligation, no jargon.
Yes. Most major medical-pro programs include locums, provided AHPRA registration is current. The waiver cap may be slightly lower than for salaried doctors at some lenders — but it’s still significantly better than non-medical-pro pricing.
Six months is enough for some lenders; others want 12 months; a few will go on three months with strong ongoing placements. The lender we choose dramatically affects this requirement.
With some lenders, yes (full 2-year BAS history). With others, agency-generated income statements are enough. We match you to a lender whose paperwork requirements suit your situation.
Yes, if your placement history and future bookings demonstrate income continuity. The right lender treats gaps as a feature of the working pattern, not a problem.
Yes — permanent salaried roles always borrow easier. But the right locum-friendly lender will treat your effective income comparably, and often allow higher loan sizes due to higher earnings.
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