Your income may be strong, but lenders do not all assess it the same way.
Healthcare professionals often have income made up of base salary, overtime, shift penalties, allowances, salary packaging, secondary employment or contract work. The way these components are evidenced and accepted can vary between lenders.
Accru Melbourne provides lending support for hospital and healthcare professionals who want clear guidance on how their income is likely to be assessed and which lender policies may suit their circumstances.
Healthcare clients we commonly assist
- Doctors and medical specialists.
- Pharmacists and hospital pharmacy staff.
- Nurses and midwives.
- Allied health professionals.
- Healthcare managers, administrators and executives.
- Contract, locum and self-employed healthcare professionals.
Income considerations
Overtime and penalty rates
Some lenders use recent payslips, year-to-date earnings, income statements or longer histories and may apply different shading or consistency requirements.
Allowances
Treatment depends on whether the allowance is taxable, regular, ongoing and connected with an expense.
Salary packaging
Pre-tax deductions can make payslips harder to interpret. The lender may need a clear breakdown of gross income, packaged benefits and deductions.
Secondary employment
A second role may be accepted differently depending on tenure, hours and history.
Contract or locum income
Lenders may assess employment contracts, invoices, tax returns, continuity and time in the role differently.
Parental leave
Assessment may consider paid and unpaid leave, return-to-work evidence, expected income, savings buffers and future childcare costs.
How we help
- Review the income documents before approaching a lender.
- Identify which components are likely to be usable and what additional evidence may help.
- Compare lender policies rather than relying on a single bank’s calculator.
- Consider first-home purchase, refinancing, investment and construction needs.
- Explain profession-specific policies or concessions where they are available and relevant, without assuming eligibility.
- Coordinate with Accru tax or wealth specialists where separate advice would add value.
Book a no-obligation initial discussion with Jayden Chen to understand your current position and next steps. Call us on (03) 9835 8200.
