Low Doc Loans for Medical and Allied Health Professionals

Introduction

Running a medical or allied health practice often means investing in specialised equipment, clinic upgrades, or professional vehicles. But many practitioners — especially new business owners or sole traders — may not have full tax returns ready when they need funding.

That’s where low doc loans come in, offering flexible financing with alternative documentation.

Who’s Eligible?

Medical and health professionals who typically qualify include:

• ✅ Doctors, dentists, physiotherapists, chiropractors, optometrists, and other allied health practitioners with an active ABN (6–12+ months)

• ✅ Businesses using the loan at least 50% for professional or clinical purposes

• ✅ Applicants providing alternative proof of income (bank statements, BAS, accountant’s letter)

• ✅ Borrowers with a deposit (usually 10–20%)

What Can You Finance?

Low doc loans help medical professionals with:

1. Purchasing Equipment → Diagnostic tools, dental chairs, ultrasound machines, or physiotherapy gear.

2. Upgrading or Expanding Clinics → Renovations, additional rooms, or new locations.

3. Professional Vehicles → Cars for home visits or patient transport.

4. Technology Investments → Practice management software, online booking systems, or telehealth tools.

5. Bridging Cash Flow → Cover staff wages, supplier invoices, or insurance.

What Documents Should You Provide?

Even without formal financials, prepare:

• ✅ 12 months of business bank statements

• ✅ BAS lodgements or Medicare/private billing summaries

• ✅ Quotes or purchase orders for equipment or renovations

• ✅ (Optional) Accountant’s letter confirming income

Case Example

Dr. Lisa’s Physiotherapy Clinic needed $90,000 to renovate treatment rooms and upgrade ultrasound equipment. With steady bank statements, an active ABN, and a 20% deposit, Lisa secured a low doc loan — expanding her clinic’s capacity and boosting patient numbers.

Tips for Health Professional Loan Applicants

• ✅ Keep patient billing and Medicare/private health records organised.

• ✅ Show how new investments improve patient care or service reach.

• ✅ Work with brokers experienced in medical and health lending.

• ✅ Stay compliant with professional licenses and health regulations.

Final Call to Action

Ready to grow your health or medical practice?
👉 Check your eligibility today — no credit score impact

Visit our Business Lending Hub for more resources.

DISCLAIMER

The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.