Medico PLUS Owner Occupied P&I 2 Year Fixed Rate 1.99% (CR 4.26%) for Medical Professionals @ CommBank


Attention MEDICAL PROFESSIONALS!! New policy just released by CBA.
Introducing new Medico PLUS+ allows borrowing up to to 94.99% with a max lending of $2,374,000 per security up to a total loan limit up $7.5m.


  • Maximum LVR of 94.99% without LMI for property values up to $2.5M.
  • Purchase applications only for investment purposes based on 5% deposit
  • Refinance/purchase applications for Owner Occupied purposes
  • Principal & Interest repayments only
  • Must have active Mortgage Advantage Package (MAV)
  • Evidence of profession and registration must be included in the supporting documentation
  • Preapprovals are excluded
  • All applications are subject to credit approval and credit officers reserve the right to decline LMI/LDP waiver requests.
  • Not available for vacant land and/or Building/ Construction loan
  • Post code restricted area
  • Excludes the following professions, ie. Physiotherapists, Psychologists and Nurses.

*Please note that there are lots of conditions and we have a direct BDM support to clarify every question or concern.

Carded rates:
Owner occupied P&I with comparison rate (CR)
2 years fixed 1.99% CR 3.94% at 80% LVR
3 years fixed 2.19% CR 3.85% at 80% LVR
4 years fixed 2.29% CR 3.76% at 80% LVR
Standard variable rate 4.55% CR 4.70% before pricing discount

Investment P&I with comparison rate (CR)
2 years fixed 2.49% comp. 4.49% for 80% LVR
3 years fixed 2.39% comp. 4.31% for 80% LVR
Standard variable rate 5.13% comp. 5.28% before pricing discount

Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Broker Rebate Terms and Conditions
We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more.
Maximum of 1 cashback per household.

Other refinancing rebates available:
CBA - Get $2,000 cashback when you refinance before 31 Dec 2021 T&Cs apply.
St. George/Bank SA/Bank of Melbourne- Receive up to $3,000 cashback when you refinance before 30 Sep 2021. T&Cs apply.
ANZ - Get $3,000 cashback when you refinance your home loan before 30 Sep 2021 T&Cs apply.

How to Apply
Any advice is tailored to your financial situation. Our platform would simplify the lending process and our team will ensure that you are updated throughout the whole process. For further details about this deal or other 30 lenders we work with. Other Important Information: Applications are subject to credit approval of the respective lender applied to. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change.

Get in touch with us now for a no-obligation home loan review 📞💬. We are fully set up to help you online 💻 based on your schedule from review to submission.
Apology we don't check OZbargain forum constantly. Quicker response is to email or call us.

James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected] or [email protected]
W: or
Australian Credit License number 387856

*Recent review

Related Stores

Commonwealth Bank
Commonwealth Bank
Nectar Mortgages
Nectar Mortgages


  • How much is this worth a year? "Mortgage Advantage Package (MAV)"

  • +1

    Where on CBA's website can I find above details?

    • They don't usually advertise this for obvious reason.

      Tho you would have heard about sweet deals doctors dentists lawyers getting if you know someone in that profession.

    • Hi Dmiser,
      We can provide further information by sending us an email.

  • +4

    Any free Udemy medical courses I could do to take advantage of this?

  • that's coming with a very high fee if the comparison rate is above 3%.

    • +1

      It's because it takes into account the loan reverting to the standard variable rate of 4.55% after the fixed period. Which no one in their right mind would let happen.

      Comparison rates aren't very accurate for fixed loans

    • They're fixed rates, the comparison is reflecting that the standard variable after the fixed period runs out is high. You talk to the lender when your fixed expires and get a discount off the standard variable, or refinance.

      • Part of the pricing submission, we will request for the variable discount rate for life of the loan for post fixed rate.
        Homeloan health check is reviewed a few months prior to the expiry of fixed homeloan.

    • Package fee is charged every year at $395 which is the main fee. Saving from LMI fee and ability to use 5% deposit to buy a property would outweigh easily the comparison rate of 3% which assumes that you stay with the lender for over 25 year.