CommBank · LMI waiver
3 profession groups, no income test stated.
CommBank calls it the LMI waiver and waives lenders mortgage insurance up to 90% LVR for: Doctors; Lawyers; Accountants. CommBank publishes only the deposit: as little as 10%, which is 90% LVR. The income test, the evidence, whether investment loans qualify and the full profession list are not on its site; it says to ask a Home Lending Specialist. We read CommBank’s own page on 22 September 2026 and quote it below.
CommBank’s own policy pageFrom the page we read, so you can check us.
CommBank — LMI waiver
“Are you a doctor, lawyer or accountant? Speak to a Home Lending Specialist to check if your profession is eligible for a LMI waiver with a deposit of as little as 10%.”
On a $720,000 loan at 90% LVR, the insurance CommBank is waiving would be roughly $15,840, a one-off premium that is usually capitalised into the loan and paid off with interest over the term. The estimate is from the insurers’ published tables; the LMI calculator gives it for your own figures, and the borrowing pages show what the deposit you keep does to how much you can borrow.
Who else publishes a waiver, as at 22 September 2026.
Yes, up to 90% LVR. CommBank lists: Doctors; Lawyers; Accountants. Its own page says: "Are you a doctor, lawyer or accountant? Speak to a Home Lending Specialist to check if your profession is eligible for a LMI waiver with a deposit of as little as 10%." Checked 22 September 2026.
Doctors; Lawyers; Accountants. That is CommBank's own wording, which matters: "medical practitioners" and "health professionals" are different lists at different banks.
CommBank publishes no income test on the page we read. CommBank publishes only the deposit: as little as 10%, which is 90% LVR. The income test, the evidence, whether investment loans qualify and the full profession list are not on its site; it says to ask a Home Lending Specialist.
The page we read doesn't list the evidence; expect professional registration or membership plus payslips.
Yes. ANZ to 95%, Westpac to 95%, St.George to 95%, Bank of Melbourne to 95%, BankSA to 95%. The full table is on the LMI waiver page.
Checked against CommBank’s own page on 22 September 2026. Policies change without notice; if something here doesn’t match what they’ve told you, theirs is right and we’d like to know. Arthr Pty Ltd provides marketing and lead-generation services only; credit assistance is provided by 1st Street Pty Ltd, Credit Representative 490057 under Australian Credit Licence 389328.
A broker at 1st Street can confirm the policy applies to you before you apply, and whether another lender gives you the waiver and a better rate.