Up to 100% LVR lending for medical practices

As Australia’s largest business lender1, we are a trusted business partner in the health sector. That’s why we’re proud to introduce an improved medical practice lending policy that demonstrates our support and deep industry expertise in health finance.

To support your health practitioner customers with their overall banking needs, we’re now offering:

  • Practice lending up to 100% LVR against a suitable property, and/or
  • Up to five times leverage (Debt/EBITDA), and
  • Increased terms for lending available up to 30 years2.

What you need to know

This policy is only suitable for general practitioners, specialists, dentists and veterinarians where they are owner-occupiers of the practice.

The loan purpose includes:

  • Practice establishment (up to $15m)
  • Practice expansion (up to $15m)
  • Practice acquisition (including Goodwill – up to $15m and maximum term up to 10 years)
  • Practice fit-out (up to $10m and maximum term of 7 years).

The specialised nature of underlying commercial property security will be considered as part of the application.

Please note:

  • The facility must be principal reducing.
  • Servicing demonstrated over maximum 15 years term at affordability (property secured).
  • Finance available for property or practice purchases and Goodwill.

For more information, speak to your BDM.

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1NAB is Australia’s Largest Business Lender according to Monthly Banking Statistics lending data (non-financial corporations) published by the Australian Prudential Regulation Authority as at March 2022.

2Terms & conditions, fees & charges apply. Our credit products are subject to lending and eligibility criteria (available upon request).

You should consider the relevant product disclosure documents and Target Market Determinations for these products (available at nab.com.au/TMD, opens in a new window ) before deciding whether to acquire, or to continue to hold, any of our products.

Medfin Australia Pty Ltd (Medfin) is a wholly owned subsidiary of National Australia Bank Limited (NAB). Medfin’s obligations do not represent deposits or other liabilities of NAB. NAB does not guarantee its subsidiaries’ obligations or performance, or the products or services its subsidiaries offer. Banking services are provided by NAB. ©2022 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 ©2022 Medfin Australia Pty Ltd ABN 89 070 811 148 Australian Credit Licence 391697.