NAB · LMI waiver
NAB LMI waiverfor listed professions
3 profession groups, no income test stated.
NAB calls it the LMI waivers for medical and professional services and waives lenders mortgage insurance for: AHPRA-registered medical professionals: anaesthetists, chiropractors, dental practitioners, dermatologists, GPs, obstetricians and gynaecologists, ophthalmologists, optometrists, paediatricians, pathologists, pharmacists, physicians, physiotherapists, psychiatrists, radiation oncologists, radiologists, surgeons, veterinary practitioners; Financial professionals: accountants (CA, CPA, IPA), actuaries (FIAA), financial analysts (CFA); Legal professionals: barristers, lawyers and solicitors. NAB publishes the profession lists and the registration bodies but not the maximum LVR, an income test or a loan cap; it says eligibility depends on profession, loan type and LVR thresholds and directs you to a lender or broker. Evidence: Current AHPRA registration for medical professions; current membership of CA, CPA, IPA, FIAA or the CFA Institute for financial professions; a current practising certificate for legal professions. We read NAB’s own page on 6 November 2026 and quote it below.
NAB’s own policy page- Max LVR, no LMI
- Not published
- Income test
- Not published
- Professions
- 3
- Last checked
- 6 November 2026
In NAB’s words
From the page we read, so you can check us.
NAB — LMI waivers for medical and professional services
“This waiver is subject to eligibility criteria dependent on profession, loan type and loan-to-valuation (LVR) ratio thresholds. To qualify for a LMI waiver, medical professionals must be practicing in an acceptable field (outlined here) and a current registered member of the Australian Health Practitioner Regulation Agency (AHPRA).”
By profession
Whether NAB lists each one, and who else does.
Every other lender
Who else publishes a waiver, as at 6 November 2026.
Questions
Does NAB waive LMI for professionals?
Yes. NAB lists: AHPRA-registered medical professionals: anaesthetists, chiropractors, dental practitioners, dermatologists, GPs, obstetricians and gynaecologists, ophthalmologists, optometrists, paediatricians, pathologists, pharmacists, physicians, physiotherapists, psychiatrists, radiation oncologists, radiologists, surgeons, veterinary practitioners; Financial professionals: accountants (CA, CPA, IPA), actuaries (FIAA), financial analysts (CFA); Legal professionals: barristers, lawyers and solicitors. Its own page says: "This waiver is subject to eligibility criteria dependent on profession, loan type and loan-to-valuation (LVR) ratio thresholds. To qualify for a LMI waiver, medical professionals must be practicing in an acceptable field (outlined here) and a current registered member of the Australian Health Practitioner Regulation Agency (AHPRA)." Checked 6 November 2026.
Which professions does NAB include?
AHPRA-registered medical professionals: anaesthetists, chiropractors, dental practitioners, dermatologists, GPs, obstetricians and gynaecologists, ophthalmologists, optometrists, paediatricians, pathologists, pharmacists, physicians, physiotherapists, psychiatrists, radiation oncologists, radiologists, surgeons, veterinary practitioners; Financial professionals: accountants (CA, CPA, IPA), actuaries (FIAA), financial analysts (CFA); Legal professionals: barristers, lawyers and solicitors. That is NAB's own wording, which matters: "medical practitioners" and "health professionals" are different lists at different banks.
What is the NAB LMI waiver income requirement?
NAB publishes no income test on the page we read. NAB publishes the profession lists and the registration bodies but not the maximum LVR, an income test or a loan cap; it says eligibility depends on profession, loan type and LVR thresholds and directs you to a lender or broker.
What evidence does NAB need?
Current AHPRA registration for medical professions; current membership of CA, CPA, IPA, FIAA or the CFA Institute for financial professions; a current practising certificate for legal professions.
Does another lender go higher than NAB?
Yes. CommBank to 90%, ANZ to 95%, Westpac to 95%, St.George to 95%, Bank of Melbourne to 95%, Bank of Queensland to 90%, BankSA to 95%. The full table is on the LMI waiver page.
Checked against NAB’s own page on 6 November 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.
Applying to NAB?
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.
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